The vision of a borderless future of financial transactions without involving any intermediary has become a reality for the crypto industry. Many decentralized blockchain platforms are coming with more favorable features, scalability, and low-transection cost offerings after the remarkable success of Bitcoin and Ethereum. Polygon has become a popular choice on the blockchain, which contains many attractive features and crypto projects.
However, when you want to follow some projects on any specific network is mandatory to be familiar with them first. This article will enlighten the Top Polygon (MATIC) crypto projects worth buying and HODL. Later, we will list this blockchain network’s top pros and cons.
TokenPocket is a non-custodial wallet that allows users to use it on various blockchain networks like BSC, DOT, ETH, TRON, EOS, and most importantly, in Polygon blockchain.
The Balancer is one of the protocols through the Polygon network that works like PancakeSwap, Uniswap, and many other AMM DeFi.
The Curve (CRV) allows people to invest and get a very high APR through blockchain networks like Polygon.
The Polycat Finance is a yield farming website on the Polygon ecosystem with their coin FISH.
IDEX (IDEX) is a multi-chain future of exchanges that will allow investors to make transactions through different blockchains like Binance Smart Chain, Polygon network and Ethereum.
Top five Polygon Crypto projects to invest in 2022
You can define Polygon as “Ethereum’s internet of blockchains.” The scope of this platform extends beyond just being another digital asset. The launching period of this platform is 2017. It provides a layer-2 scaling solution for Ethereum. The design aims to reduce transaction costs or gas fees and improve networks’ transaction processing speed.
The crypto industry has over 5000 crypto assets, each with its privacy policies and set of values. Polygon platform has the native coin MATIC with many coins in this ecosystem. Moreover, the Polygon platform allows developers to launch their decentralized applications and sovereign blockchains.
The best five among them are:
- TokenPocket (TPT)
- Balancer (BAL)
- Curve Finance (CRV)
- Polycat Finance (FISH)
- IDEX (IDEX)
Let’s check them out in the following section.
Fully diluted market cap: $108,858,909
Live market cap: $63,869,972
What is TPT?
TokenPocket is a non-custodial wallet that allows users to use it on various blockchain networks. It is currently working with BSC, DOT, ETH, TRON, EOS, and most importantly, in Polygon blockchain. So you can take the native token of this platform TPT token and use it on any of these networks. The launching date of TokenPocket is 14 July 2020. The price of TPT is floating near $0.018 today with a 24-H trading volume of $433,183.
- Circulating supply: 3.47B TPT
- Total supply: 3,466,457,400 TPT
- Max supply: 5,900,000,000 TPT
- Volume / Market Cap: 0.006804
How does TPT work?
The token TPT is an applicational token that represents developers’ and TP users’ rights in the TP ecosystem. It is also an essential link among the users, wallet, and developers. Currently, this token is available to buy on many exchanges, including PancakeSwap (V2), Gate.io, BKEX, MEXC, and Uniswap (V3).
Fully diluted market cap: $1,414,030,872
Live market cap: $98,187,914
What is BAL?
The Balancer is an AMM on the Ethereum blockchain. The founders of this platform are Mike McDonald and Fernando Martinelli and the launching period of this protocol is in March 2020. This protocol operates several pools, such as private pools, smart pools, and shared pools. It is similar to Curve or Uniswap as it also allows anyone to create pools of tokens. The native token of this platform BAL price is floating near $14.23 today with a 24-H trading volume of $19,747,990.
- Circulating supply: 6,943,831.00 BAL
- Total supply: 35,725,000 BAL
- Max supply: 100,000,000 BAL
- Volume / Market Cap: 0.1989
- Total Value Locked (TVL): $3,138,911,448
How does BAL work?
We know that PancakeSwap, Uniswap, and many other AMM DeFi protocols recently made the news. The Balancer is one among them on the Polygon network. It isn’t just only a coin or a pair rather multiple coins or “compositions.” The Balancer is a multi-token LP option which is rare.
Curve Finance (CRV)
Fully diluted market cap: $11,540,883,407
Live market cap: $1,543,590,792
What is CRV?
Curve finance created attention to crypto investors for the unique feature, especially for the stable coins for its remit as an AMM. The launching period of the native token of this platform CRV is in Aug 2020. Michael Egorov is the CEO and founder of Curve.
- Circulating supply: 441,896,168.09 CRV
- Total supply: 1,684,626,062 CRV
- Max supply: 3,303,030,299 CRV
- Volume / Market Cap: 0.1553
- Total Value Locked (TVL): $19,181,400,384
How does CRV work?
The main attraction of Curve is it allows you to invest and get a very high APR with a collection of stable coins, which is rare in other places.
Polycat Finance (FISH)
Fully diluted market cap: $1,585,481
Live market cap: $1,585,381
What is FISH?
You can consider Polycat Finance as a yield farming website on the Polygon ecosystem with their coin FISH. The price of FISH is floating near $0.53 today, with a 24-H trading volume of $20,416.
- Circulating supply: 2,999,810.00 FISH
- Total supply: 1,281,150 FISH
- Max supply: 3,000,000 FISH
- Volume / Market cap: 0.0132
How does FISH work?
Polycat Finance is an economically sustainable, value-oriented hybrid yield aggregator on Polygon. FISH is this platform’s native token, and the owners of this token receive dividends.
Fully diluted market cap: $199,414,238
Live market cap: $127,173,485
What is IDEX?
IDEX claims to be the first liquidity decentralized exchange that combines an order book model with an AMM. The native token IDEX price is floating near $0.1999 today with a 24-H trading volume of $45,876,261.
- Circulating supply: 635,539,385.83 IDEX
- Total supply: 1,000,000,000 IDEX
- Max supply: Not available
- Volume / Market cap: 0.3618
- Total Value Locked (TVL): $26,776,347
How does IDEX work?
This platform follows an ambitious roadmap that envisions a multi-chain future of exchanges that currently runs on Binance Smart Chain and Ethereum.
Pros & cons
|This coin offers staking rewards.||Competition with other platforms will arise in the future.|
|It offers faster transactions.||When the Ethereum consensus level launches, the demand for this Layer-2 of ETH may decrease.|
|It offers lower transaction fees.||Polygon has an overvaluing risk.|
Finally, no doubt that the Polygon ecosystem contains many potential crypto projects, and these projects have many positive features that make them attractive to any crypto investor. We suggest doing more research before choosing as this article only highlights the primary info of these assets.