Lemon, a leading provider of decentralized finance (DeFi) solutions, has announced the extension of its partnership with Polygon, the popular Ethereum scaling solution. This strategic move comes amid the growing demand for faster and cheaper transactions on the Ethereum network. By leveraging Polygon’s Layer 2 infrastructure, Lemon aims to provide its users with a seamless and cost-effective DeFi experience. The partnership will allow Lemon to tap into Polygon’s vast ecosystem of dApps, liquidity providers, and users, thereby expanding its reach and increasing adoption. This announcement is a significant development for the DeFi industry as it signals the continued growth of Ethereum and the increasing importance of Layer 2 scaling solutions.
Lemon, the popular crypto wallet based in Argentina, has announced that it is extending its partnership with Polygon. As a result, Lemon’s more than 1.8 million users in Latin America can now access on-chain solutions through the integration with Polygon.
Polygon, known for its high-performing blockchain, is set to boost the adoption of crypto in the Latin American region while making the user experience more simplified. Additionally, Polygon offers scalability and cutting-edge solutions, which are now accessible to the Lemon community through this unique partnership.
This partnership began in August 2022 when Lemon collaborated with Polygon to enable over half a million non-fungible tokens (NFTs) minted on top of the infrastructure provided by Polygon. Under this partnership, Lemon offers avatars to its users in the form of digital IDs hosted on the Polygon blockchain. With the expansion of the partnership, Lemon aims to make these NFTs tradable among community members.
According to Marcelo Cavazzoli, the CEO of Lemon, the Lemon Nation project represents around 6.5% of the NFT addresses, meaning that over 540,000 users are ready to use the next level of products in Web3. The plan is to keep things simple, making the overall user experience seamless.
Aishwary Gupta, from Polygon Labs, expressed his delight at Lemon’s decision to build on the Polygon chain, thereby empowering the community in the Latin American region. Providing access to on-chain solutions through this deployment showcases the scalability and interoperability capabilities of Polygon.
Polygon Labs is keen to collaborate with Lemon to help users access non-fungible tokens, decentralized finance, and gaming markets. With partnerships such as Adobe, NuBank, Reddit, and now Lemon, Polygon is taking huge strides to drive mainstream adoption of Web3. Polygon offers solutions to congestion challenges and operational costs, ensuring that all transactions are executed at an economical price under all security measures deployed.