- There was a significant increase in the number of core developers and code commits at Polygon.
- Polygon MATIC’s network growth rejuvenated since the start of May, indicating that upgrades were attracting new users.
The number of code commits and core developers for Polygon [MATIC] has increased significantly since the start of May, according to data from Token Terminal. The company is committed to reaching key network milestones in the coming weeks and months.
The development activity of a blockchain network is an important indicator of its future prospects. The presence of a large developer community indicates that the project is committed to improving overall functionality through feature enhancements. Polygon announced three new updates on 3 May to make it easier for developers to integrate decentralized identities into dApps.
Exciting times for Polygon developers
The Polygon ID infrastructure tools were upgraded to include improved integration, UX, and a host of new tools to assist developers in building dApps on the chain.
Through the Selective Disclosure feature, developers can share specific fields from a credential with other parties, which will enable them to develop new use cases. Furthermore, with the new JS SDK, developers can create identity clients for a variety of devices, such as web wallets and browser add-ons. Polygon launched the redesigned issuer node UI to improve the user experience. The node will make it simpler to configure, maintain, and interact with the issuer node. Push notification capability was also added to the mobile SDK and the reference implementation app. Aside from that, JWZ Validator, Polygon ID smart contracts deployment on mainnet, and the recently announced PolygonID DID resolver were highlighted.
Mixed response to the upgrades
Polygon’s network advancements drew the attention of the crypto community, prompting them to join. According to Token Terminal, daily active users have climbed by more than 13% in the last week. Despite the increase in active addresses, the network’s daily transaction costs have continuously fallen. The fees have dropped 14% in the last 24 hours.
State of MATIC
According to CoinMarketCap data, MATIC was the ninth-largest crypto asset by market cap at the time of writing. It was worth $0.9953, a 1.83% increase in the previous 24 hours. MATIC’s network growth has been revitalized since the beginning of May, following a steep drop last week. This suggested that enhancements were bringing in new customers. Profit transaction activity reached its highest level in more than a month on May 2, indicating that investors began to lock in their gains. The MVRV Ratio has also begun to rise toward the positive area, raising concerns about more sell-offs.