Binance has fully incorporated the Polygon (MATIC) mainnet onto its platform, transactions are now expected to be cheaper than utilizing the traditional Polygon-Ethereum bridge.
Binance traders can now deposit and withdraw MATIC using their Binance accounts, as well as interact with decentralized applications (DApps) such as Sushiswap, Balancer, Aave, and others.
This integration aims to ensure that traders can use the DApps in a cost-effective and efficient manner without having to use the existing Polygon bridge.
While this announcement focuses on the MATIC mainnet coin, Binance also plans to offer MATIC-related ERC20, BEP2, and BEP20 tokens.
Binance is Polygon’s newest partnership, as the network has previously partnered with Huobi and Coinbase Wallet, among others. Various Ethereum-centric services, like Metamask and Infura, also support the scaling approach.
DApp users are eagerly awaiting Ethereum 2.0, which will address many of the platform’s scaling difficulties. For the time being, Polygon appears to be filling that hole.
The network allows developers to create custom sidechains for all of their DApps, which could provide the essential scaling capabilities for broad adoption.
Developers are already taking advantage of those features. Polygon Studios, a gaming-focused division of Polygon, was recently founded to create decentralized games and harness the power of non-fungible currencies.