Chain Review: Polygon
As of 13 Aug 2021, Polygon is the third largest blockchain with $5.66Bn TVL with 46 protocols running on it. Source: Defi Llama   Even though it is growing rapidly, it is still 19 times smaller than market leader Ethereum, and about a third the size of Binance Smart Chain. Source: Defi Llama   Polygon has always been attractive to developers and protocols due to its commitment to extremely cheap gas fees. To put things into perspective, the cheapest transaction on Ethereum costs roughly around $2USD these days (if you’re lucky); whereas on Polygon network, it costs $0.0005USD. Yes, that is 0.05 cents, in other words, 4000x cheaper. ...