Sandeep Nailwal, Co-Founder and COO of Polygon, pointed out that, contrary to popular belief, Solana ($SOL) has not surpassed Polygon ($MATIC) in terms of traction.
The software engineer who built Polygon (previously MATIC) in 2017 also mentioned that Solana is gaining a lot of momentum as a result of institutional marketing.
One of the most well-known crypto specialists, Spencer Noon, tweeted about the Solana vs. Polygon discussion. Most Web3 fans believe Solana to be the second most popular and used smart contract platform, according to him.
However, a closer examination of the data, particularly the “daily active users,” reveals a different reality. Noon remarked that the data does not support the assertion that Solana is the second most popular smart contract platform, citing that Solana has 180,000 active users whereas Polygon has 270,000.
Sandeep Nailwal, a co-founder of Polygon, responded to Spencer Noon with a quoted tweet.
He also shared a tweet that read “the way Solana tracks things makes it hard for comparison w/ distinction between account & wallet.”
Polygon (formerly Matic Network) is the first well-structured, simple-to-use Ethereum scaling and infrastructure development platform. Polygon SDK, the framework’s basic component, is a modular, versatile framework that can be used to create a variety of applications.
Solana is an open source project that uses the permissionless aspect of blockchain technology to create decentralised financial (DeFi) solutions.
Proof-of-Stake (PoS) and Proof-of-History (PoH) are two blockhain consensus algorithms that allow dApps to run smoothly on the network. However, due to a series of DDoS attacks that have shut the network down twice in the last six months, there have been mounting concerns regarding network reliability.