How User Friendly Polygon (Matic) DeFi Ecosystem is Today?
While Avalanche C-Chain used to be complicated, the Polygon (Matic) network used to be initially expensive. Actually it is not the Polygon network that is expensive but the Ethereum network where we used to have to bridge the assets ourselves using Plasma Bridge from Etherum to Matic network with average cost through out the year is $50 per transaction. However, Polygon today is cheap and simple just like Binance Smart Chain.
Many Mobile Wallets Automatically Support Polygon Network
I will repeat this writing many times that Metamask remains the prefered wallet for experienced users but not for beginner and potentially new users because the requirement of setup the network manually. Users have to find the network configuration information on the web and explore the advanced feature of adding custom network on Metamask. From my experience, users who are less literate in computers are too lazy to figure this out which results in the lost of potential customers on the decentralized finance (DeFi) ecosystem.
The DeFi networks should automatically be available where users should only need to switch back and forth. Polygon network being supported on Trust Wallet Mobile was one of the initial steps for attracting more users. Today, Polygon network is supported on many wallets such as Coinbase Wallet and Safepal.
Many Exchanges Support Polygon Network Deposit and Withdrawal
It is a give that deposit and withdrawal to Polygon network is supported on the top 2 global cryptocurrency exchanges Binance and Kucoin. One of my local exchange Tokocrypto supports direct deposit and withdrawal as well. Here is another one that unexpectedly supports Polygon network…