Allowing developers, data analysts, and crypto enthusiasts to better understand the Polygon blockchain, the Etheruem layer-two scaling solution Polygon (MATIC) has announced its blockchain datasets have been integrated on Google Cloud.
A “serverless, highly scalable, and cost-effective multicloud data warehouse designed for business agility,” Polygon’s datasets are now listed on the Google Cloud Marketplace, under the public financial services category, with support from Google’s BigQuery.
The integration would allow analysts to monitor gas costs over time, smart contract calls and activity, multi-chain analysis for software development kits, integration with traditional financial record processing systems, and determine the most active tokens, contracts, and applications on Polygon, according to Medium Post.
As the Ethereum network struggles with high transaction fees, Polygon has seen its price rise over 9,000% so far this year as demand for it has been surging. According to a MATIC network explorer, it currently processes over 5.89 million transactions per day, and the network has processed a total of 122 million transactions. There are now over one million wallets on it.
Transactions on Polygon cost only a few cents. In contrast, the cost for transactions on the Ethereum blockchain hit a new all-time high this month above $64 on average, before plunging. Polygon aims to provide faster and cheaper transactions on Ethereum using layer-two sidechains – blockchains that run alongside the main ETH blockchain.