Aavegotchi, a non-fungal token (NFT) protocol that focuses on web3 games, has decided to present up the blockchain network polygon, and “go all-in” based, an Ethereum-layer-2 scaling chain, in accordance with the outcomes of an onchain tuning.
On April 8, 93.5% of the community members of Aavegotchi voted for a proposal to “construct Aavegotchi again” by drawing the intelligent contracts of the protocol on polygon and, in response to Aavegochtis, returns on the idea.
“In view of our close relationship with the Basist team and in the newest developments in the bottom ecosystem […] We consider [its Polygon deployment] And go to the bottom, ”said Aavegotchi founder Dan in a post in February through which he proposed the shift.
The migration reflects Aavegotchi's efforts to adapt to the 2025 cryptocurrency market, which was deteriorated last week by President Donald Trump's plan to impose many of the US imports.
The developer of Aavegotchi, Pixelcraft Studios, recently made significant team cuts to cut back our burn and extend the runway, “said Dan. Memecoins and NFTS have been among the many hardest segments of Web3 this yr.
Aavegotchis Community mostly voted for the move. Source: Aavegotchi
Polygons flat TVL
Aavegotchi's decision also shows the continuing challenges of polygon when maintaining users and the overall value (TVL) in view of the competition from Ethereum-layer-2 chains similar to Arbitrum and basis.
According to Defillama, Polygons TVL decreased from almost 10 billion US dollars to around 725 million dollars from April 8 in 2021. Both the idea and arbitrum each have greater than 2 billion US dollars on TVL, as Defillama data show.
TVL is a vital metric utilized in Defi (decentralized financing) to measure the overall amount of the assets deposited in a protocol. It not only reflects the trust of the users and adoption, but in addition serves as an indicator of obtainable liquidity.
According to Dan, Polygon has not delivered any major updates or functions for gaming protocols. “Polygon has not sent significant updates or functions to POS to enable higher coherence or discovery of playing for taking part in.”
The growth of polygon has been relatively flat in recent times. Source: Coder Dan
In the meantime, “each the bottom and arbitrum needs to be highlighted each performant and 'Lindy' – in a position to pass the test of the time,” said Dan and added that he prefers the idea since the “stronger retail on board” of the chain.
Base is an optimistic rollup that was launched in 2023 by Coinbase, the biggest cryptocurrency exchange within the United States.
Aavegotchi was created in a collaboration between Pixelcraft Studios and Aave, a decentralized credit protocol.
It describes its NFTs as “digital collectibles”, which may be adapted “with various wearables similar to hats, glasses and other accessories [and]may be bought, sold and traded as NFTs in response to his website.
