• Polygon (MATIC) is the second most searched PoS crypto in the US.
• It was launched by Mumbai-based engineers in 2017 and has seen steady adoption since then.
• Researchers found that Ethereum (ETH) was the most searched crypto in the past three months, followed by Polygon (MATIC).
Polygon Emerges as Second Most Searched PoS Crypto in US
Polygon (MATIC), an ethereum layer-2 scaling solution developed by Mumbai-based engineers: Jaynti Kanani, Sandeep Nailwa, Anurag Arjun, and Mihailo Bjelic witnessed a steady increase in its popularity over the past 90 days. Research conducted by The Money Mongers reveals that it is now the second most searched proof-of-stake (PoS)-based cryptoasset within the United States region with only ether (ETH) surpassing it.
Ethereum Remains Most Popular PoS Crypto
Analyzing Google Trends search data over a 90-day timeframe, researchers found that ethereum remains as the most popular choice amongst users with 28 U.S. states showing interest in ETH after its much anticipated Shanghai upgrade on April 12th.
Polygon’s Popularity Spreads Across U.S.
The study also reported that polygon is now being favored across 18 U.S. states including Alabama and Kentucky while ADA had 4 U.S states such as South Dakota and District of Colombia interested in it due to its advantages compared to other cryptos such as staking rewards and more secure transactions than BTC or ETH have to offer.
Outage Affects Network Usage
Despite experiencing a serious outage which resulted in reduced network usage and drop of 2% in price of MATIC token, polygon continued to enjoy increasing popularity among web3 space users due to features such as privacy and scalability offered by zkEVM .
Conclusion
With ethereum’s Shanghai upgrade making waves throughout the US and polygon continuing to gain traction due to its unique features like privacy & scalability , we can expect both projects to remain at top of mind for many when it comes time for their next crypto purchase or investment decision .