Multi-dimensional comparison of application chain Polygon Supernets and Avalanche Subnets

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Introducing Polygon Supernets and Avalanche Subnets

Both Polygon and Avalanche are Layer 1 blockchains that are compatible with EVM and have benefited from the value spillover of Ethereum.

Polygon claims to be the "Swiss Army Knife" for Ethereum expansion and provides a variety of expansion solutions, including Polygon PoS side chain, EVM equivalent zk Rollup solution Polygon zkEVM, Polygon Supernets for application chains and zk-optimized which is not yet online Rollup scheme Polygon Miden. Polygon Supernets is an iteration of the original Polygon Edge in the ecosystem, aiming to implement an EVM-compatible, application-specific sovereign blockchain. Polygon Supernets are designed as "supernetworks" that provide developers with more features and functionality to easily build and deploy blockchain-based solutions.

Avalanche Subnets allow everyone to customize private or public blockchain networks according to their own needs. Subnets can be seamlessly connected to the Avalanche ecosystem without competing with other applications for network resources, enabling unlimited expansion. With the increase in fees on the Avalanche C-chain, Subnets can also reduce transaction fees for users on Subnets while the overall transaction volume in the Avalanche ecosystem increases.

Both Polygon Supernets and Avalanche Subnets are customizable to meet the needs of specific applications, and in most application scenarios they are competing.

Performance

Although both Polygon Supernets and Avalanche Subnets are App Chains solutions, there are some similarities and differences in the implementation details.

EVM: Both support EVM, and Avalanche Subnets also supports custom virtual machines.

Cross-chain bridge: There are cross-chain bridges to Polygon or Avalanche, which can access the ecology on the corresponding Layer 1.

Consensus mechanism: Polygon Supernets is the IBFT equity proof or IBFT authority proof mechanism, and Avalanche Subnets is the Snowman consensus mechanism.

TPS: 1500+ for Polygon Supernets and 4500+ for Avalanche Subnets.

Validators: The maximum number of validators for Polygon Supernets is 100, and there is no limit for the number of validators for Avalanche Subnets. Validators on Avalanche Subnets need to verify the main network at the same time.

official support

official support

Both Polygon and Avalanche have official incentive programs for Supernets and Subnets. Polygon Supernets launch in February 2022,Was in March 2022Said plans to invest $500 million in projects interested in developing on Supernet. On March 22 this year, Polygon announced that ten companies in the fields of games and DeFi will launch their own Polygon Supernets. Over the past year, Polygon Labs developers have worked hard to upgrade the Polygon Supernets technology stack, address community feedback, and make it easier for projects interested in launching proprietary chains to use Supernets.

March 2022,Avalanche Foundation launchesApplication status

Application status

Avalanche Subnets allow projects to design blockchains according to specific business needs, and can perform KYC and other customized functions to promote the mass adoption of Web3. As of March 29,Avalanche Subnets Official WebsiteThe only projects shown that have been launched are Crabada and DeFi Kingdom, and games such as Wild Life, Shrapnel, and Ascenders will be launched soon. DeFi Kingdoms is a representative project on Avalanche Subnets. When the Multiverse incentive plan was launched, Avalanche announced that it would provide DeFi Kingdoms with rewards of up to 15 million US dollars. DeFi Kingdoms was originally built on Harmony with the native token $JEWEL. After being deployed on Avalanche Subnets and independent as DFK Chain, $JEWEL can also be used to pay Gas fees while serving as a governance token, and a new token $CRYSTAL was issued on DFK Chain. According to the current data, the deployment of Avalanche Subnets has not ushered in new opportunities for DeFi Kingdoms. As of March 29, the price of the native token $JEWEL is $0.188, which has fallen by more than 99% from the high of $21 in January 2022, and the liquidity on DFK Chain is less than $6 million.

There have been 35 projects on Polygon Edge, including the prediction market SX Network, the decentralized tourism project Zo World, and the Settlemint used by the local government of Uttarakhand, India, to track school medical equipment. butThe documentation for Polygon saysThe mainnet of Polygon Supernets is undergoing an audit and is expected to go live in the second quarter of 2023.Most recent articles published in March 2023summary

summary

Judging from the current situation, both Polygon and Avalanche have invested a lot of resources in their respective application chain solutions Supernets and Subnets, such as using native tokens for incentives, and cooperating with other industry providers to provide customized services, so that related projects can be completed quickly deploy.

However, there are currently no representative projects for these two solutions. DeFi Kingdoms has not performed well after being deployed to Avalanche Subnets. It can be seen that for project parties, App Chain is not a good medicine for growth. The Polygon Supernets main network has not yet been released, and the focus of Polygon's expansion solution includes a variety of solutions including zkEVM. Previously, the market had predicted that the application chain would bloom everywhere in the future, and PANews will continue to pay attention to how the application chain will develop in the future.