Meet the Wirex Wallet’s latest blockchain, Polygon!

Region: Europe
Feb 23, 2022, 3:00:00 PM Published By Wirex Team

The Wirex Wallet is becoming more multi-blockchain by the minute - we’ve just added Polygon to the app!

Polygon combines the best of Ethereum and sovereign blockchains to address issues with other blockchains hindered by network congestion, high gas fees and slow transaction speeds, without forfeiting security. Combined with the innovation and reliability of the Wirex Wallet, the addition of Polygon’s system will give Wirex Wallet users access to one of the most versatile blockchains on the market.

You can also now access its wealth of supported assets just waiting to be stored, transferred and exchanged in-app.

What's Polygon about?

Launched in 2017, the blockchain was originally known as the Matic Network and rebranded to become Polygon in 2021 and over the past 5 years, the company has been dedicated to building Ethereum scaling architecture.

Fast forward to 2022, and Polygon is now a top-15 public blockchain protocol with a market cap of $12.8 billion and an average of 5 million transactions per day. As of February, the infrastructure has processed more than 1.3 billion transactions and has 136 million unique addresses.

Heard about Web 3.0? The metaverse and Web 3.0 have been making headlines this year, and Polygon is quickly becoming Web 3.0’s de facto platform, with over 7,000 decentralised apps hosted on the protocol so far.

With an impressive selection of blockchains now on offer in the Wirex Wallet, the diverse world of DeFi is more in reach than ever before.

And watch this space! We have more exciting news about Polygon coming your way soon. In the meantime, you can read up about Polygon’s native token MATIC, which joined the Wirex app in October 2021. You can check out the token spotlight here.