Immutable X vs Polygon | Which Is The Better Layer 2?

Today we take a deep dive into two of the most promising Layer 2 solutions built alongside Ethereum, Immutable X vs Polygon. We’ll take a look at all things tech wise and to try and help you determine which Layer 2 network you should use and invest in.

Immutable X vs Polygon

Polygon

Polygon Logo

Polygon is the most popular layer 2 network built alongside Ethereum to help with the congestion problems Ethereum has experienced resulting in very slow transaction speeds and high gas fees.

Polygon was designed to help alleviate the high transaction output and create a network that is EVM compatible, decentralized and secure, while offering very low transaction fees and fast transaction speeds.

Transaction Speeds

Polygon thrives when it comes to transaction speeds offering upwards of 10,000 transactions per second which placed against Ethereums 15 or so transactions per second this is very impressive and quite the increase.

Polygon manages to achieve this by using their own version of proof-of-stake (POS) relieving on validators to process transactions and keep the chain secure. Validators are made up of staked or “locked” Polygon tokens which helps the validators run a full node, produce blocks and validate transactions.

You can help participate in a validator by staking your MATIC tokens which will help keep the network secure while also earning you passive staking rewards.

Transaction Fees

During the 2020 crazy NFT bullrun Ethereum saw an obscene amount of traffic which led to what were called gas wars, people willing to pay more and more gas to try and get their transaction mined/processed to secure their NFT.

Ethereum saw gas prices roar up into the thousands of dollars on some of the most hyped up mints which led to the growth and development of many new layer 1s and 2s, one of them being Polygon.

While Polygons transaction fees do range a little bit depending on the amount of traffic, the average transaction fee for Polygon is just $0.03 which is a huge decrease compared to Ethereum and many other large layer 1 and 2 networks.

Ecosystem

Polygon Ecosystem

What is a network without dApps and protocols being built on it?

Polygon has developed a thriving ecosystem hosting a range of DeFi and NFT protocols and dApps, with Polygon being an EVM comptable chain this makes it very easy for developers on Ethereum to also launch their smart contracts on Polygon.

Polygon has over 53,000 dApps deployed on the network with a huge 8x increase during 2022 and over 8,000 active developers currently building on Polygon. Even with Polygon being an EVM compatible chain only 38% of the dApps on Polygon were also launched on Ethereum.

Immutable X

Immutable X Logo

Immutable X is a decentralized layer 2 network built alongside Ethereum to help power the next generation of web3 games.

Immutable X was built as a network solely for web3 gaming and the minting and trading of NFTs with over 9.8 million NFT trades this year alone and 57 million NFTs minted this year, this is made possible largely by the fact that Immutable X is the only gas-free minting platform.

Offering Ethereum grade security and zero gas fees Immutable X promotes itself as an easy blockchain to use to build your NFT project with and launch web3 gaming products. 

Transaction Speeds

Immutable X has partnered with Starkware to harness their ZK rollup technology to help with its scalability and increase Immutable Xs transaction speeds.

Using Starkwares ZK rollups Immutable X claims to be able to process 9000 transactions per second by rolling them up in batches and using a trustless proof to verify that all transactions are valid, this is done using the ZK rollup technology.

Many believe that due to this partnership and the high transaction output that Immutable X could become the standard for launching NFT collections and web3 games, due to this being the market that Immutable X is targeting we can only expect their technology to get better and better for NFTs and gaming.

Transaction Fees

While there may not be any traditional gas fees when minting NFTs on Immutable X there is however a transaction fee for using their platforms such as their NFT marketplace.

Ecosystem

Immutable X Games

Being a blockchain focused around web3 gaming Immutable X has a thriving ecosystem of web3 games and ongoing projects as crypto game developers chose Immutable X over Ethereum due to its gas-free minting platform and high speeds.

Some of the more notable games currently partnered with Immutable X are Star Heroes, Illuvium, Oxya Origin, Guild of Guardians and more.

Immutable X offers simple to use APIs and SDKs allowing developers to quickly build and launch games faster than ever, this shaves a lot of time of the development of future web3  gaming projects, paired with Immutable Xs gas free minting and user friendly wallet this makes Immutable X potentially one of the best chains to build crypto games on.

Is Immutable X built on Ethereum?

Yes Immutable X is built as a layer 2 network on top of Ethereum.

Is Polygon chain good for NFT?

Polygon has much cheaper transaction fees and faster transaction speeds compared to Ethereum making it a great place to buy and trade NFTs without having to face the high gas fees.

So which is better: Immutable X vs Polygon?

Both blockchains have their use cases and both perform better than the other in its own respective field.

Immutable X is probably the better network to go to if you are looking to delve into the metaverse and web3 crypto gaming as they are building for this industry and have already partnered with some of the most promising up and coming crypto games.

However Polygon is a better choice if you are wanting to play around with DeFi and use the blockchain for day to day transactions.

Today we take a deep dive into two of the most promising Layer 2 solutions built alongside Ethereum, Immutable X vs Polygon. We’ll take a look at all things tech wise and to try and help you determine which Layer 2 network you should use and invest in.

Immutable X vs Polygon

Polygon

Polygon Logo

Polygon is the most popular layer 2 network built alongside Ethereum to help with the congestion problems Ethereum has experienced resulting in very slow transaction speeds and high gas fees.

Polygon was designed to help alleviate the high transaction output and create a network that is EVM compatible, decentralized and secure, while offering very low transaction fees and fast transaction speeds.

Transaction Speeds

Polygon thrives when it comes to transaction speeds offering upwards of 10,000 transactions per second which placed against Ethereums 15 or so transactions per second this is very impressive and quite the increase.

Polygon manages to achieve this by using their own version of proof-of-stake (POS) relieving on validators to process transactions and keep the chain secure. Validators are made up of staked or “locked” Polygon tokens which helps the validators run a full node, produce blocks and validate transactions.

You can help participate in a validator by staking your MATIC tokens which will help keep the network secure while also earning you passive staking rewards.

Transaction Fees

During the 2020 crazy NFT bullrun Ethereum saw an obscene amount of traffic which led to what were called gas wars, people willing to pay more and more gas to try and get their transaction mined/processed to secure their NFT.

Ethereum saw gas prices roar up into the thousands of dollars on some of the most hyped up mints which led to the growth and development of many new layer 1s and 2s, one of them being Polygon.

While Polygons transaction fees do range a little bit depending on the amount of traffic, the average transaction fee for Polygon is just $0.03 which is a huge decrease compared to Ethereum and many other large layer 1 and 2 networks.

Ecosystem

Polygon Ecosystem

What is a network without dApps and protocols being built on it?

Polygon has developed a thriving ecosystem hosting a range of DeFi and NFT protocols and dApps, with Polygon being an EVM comptable chain this makes it very easy for developers on Ethereum to also launch their smart contracts on Polygon.

Polygon has over 53,000 dApps deployed on the network with a huge 8x increase during 2022 and over 8,000 active developers currently building on Polygon. Even with Polygon being an EVM compatible chain only 38% of the dApps on Polygon were also launched on Ethereum.

Immutable X

Immutable X Logo

Immutable X is a decentralized layer 2 network built alongside Ethereum to help power the next generation of web3 games.

Immutable X was built as a network solely for web3 gaming and the minting and trading of NFTs with over 9.8 million NFT trades this year alone and 57 million NFTs minted this year, this is made possible largely by the fact that Immutable X is the only gas-free minting platform.

Offering Ethereum grade security and zero gas fees Immutable X promotes itself as an easy blockchain to use to build your NFT project with and launch web3 gaming products. 

Transaction Speeds

Immutable X has partnered with Starkware to harness their ZK rollup technology to help with its scalability and increase Immutable Xs transaction speeds.

Using Starkwares ZK rollups Immutable X claims to be able to process 9000 transactions per second by rolling them up in batches and using a trustless proof to verify that all transactions are valid, this is done using the ZK rollup technology.

Many believe that due to this partnership and the high transaction output that Immutable X could become the standard for launching NFT collections and web3 games, due to this being the market that Immutable X is targeting we can only expect their technology to get better and better for NFTs and gaming.

Transaction Fees

While there may not be any traditional gas fees when minting NFTs on Immutable X there is however a transaction fee for using their platforms such as their NFT marketplace.

Ecosystem

Immutable X Games

Being a blockchain focused around web3 gaming Immutable X has a thriving ecosystem of web3 games and ongoing projects as crypto game developers chose Immutable X over Ethereum due to its gas-free minting platform and high speeds.

Some of the more notable games currently partnered with Immutable X are Star Heroes, Illuvium, Oxya Origin, Guild of Guardians and more.

Immutable X offers simple to use APIs and SDKs allowing developers to quickly build and launch games faster than ever, this shaves a lot of time of the development of future web3  gaming projects, paired with Immutable Xs gas free minting and user friendly wallet this makes Immutable X potentially one of the best chains to build crypto games on.

Is Immutable X built on Ethereum?

Yes Immutable X is built as a layer 2 network on top of Ethereum.

Is Polygon chain good for NFT?

Polygon has much cheaper transaction fees and faster transaction speeds compared to Ethereum making it a great place to buy and trade NFTs without having to face the high gas fees.

So which is better: Immutable X vs Polygon?

Both blockchains have their use cases and both perform better than the other in its own respective field.

Immutable X is probably the better network to go to if you are looking to delve into the metaverse and web3 crypto gaming as they are building for this industry and have already partnered with some of the most promising up and coming crypto games.

However Polygon is a better choice if you are wanting to play around with DeFi and use the blockchain for day to day transactions.

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