Polygon PoS in Numbers

Part 1: Polygon PoS engagement growth

This week Polygon broke it’s previous DAU record, growing 16.64% week over week. On average, over 176k users engage on Polygon daily.

In April, daily users were 7,970. Six months later, Polygon has multiplied users 22x.

In addition to a nominal record number of users, Polygon also has an all time high relative to Ethereum at 36.31%.


What is driving this growth?

New users remain extremely high. This week over 122,350 addresses came onto the network.

While 122k is a massive number, it is actually a decline from the highs experienced through the month.


The decline would normally signal a leveling off or even decline in total daily users. However the latest cohort’s retention numbers have improved markedly.

For whatever reason, recent cohorts have not re-engaged with Polygon at the same rates as previous cohorts. In fact, before this week, the last four cohorts were in the bottom quartile in terms of 1 week retention.

But that changed this week!

Week 1 retention improved 60.65%, breaking out of the bottom quartile.


The improved retention more than made up for lower cohort sizes, and pushed Polygon’s DAU to new heights.

Finally, we see the increase in active users has led to another increase in network transactions.

Polygon has increased transactions steadily over the last four weeks. Average daily transactions took another 4.69% step towards all time highs, crossing the 6mm milestone.

Part 2: Polygon PoS monetization growth


Next is monetization.

After reaching all time highs last week, network revenues dropped substantially to $27.7k.

Lower gas costs combined with a weaker $MATIC price caused revenues to decline despite total transactions going up.

Summary

Polygon PoS is helping more users while simultaneously reducing transaction costs. The average transaction cost this week was only $0.0045.

This is a huge benefit to all users. And, we see this expressed not only in the number of transactions the average user takes (which remains 15x that of more expensive chains like Ethereum), but also in wider network adoption for use cases outside of defi like NFTs and gaming.

Growth in the NFT space is especially promising, with total sales in August being 7.86x July.

More importantly, unique users multiplied 8.45x, from roughly 17.7k individual addresses trading on OpenSea to 150k. 

About Polygon 

Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions and more. Polygon’s scaling solutions have seen widespread adoption with 500+ applications hosted, ~600M total transactions processed, ~60M unique user addresses and $5B+ in assets secured.

If you're an Ethereum Developer, you're already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.

Website | Twitter | Ecosystem Twitter | Studios Twitter | Reddit | Discord | Telegram | Instagram

More from the Polygon Blog
Announcing Polygon Pod, a Podcast From the Epicenter of Web3

What’s the future of DeFi? How can blockchain projects shake the reputation for being bad for the environment? What in the world are zero knowledge proofs? How can Web3 attract and accommodate the next billion users? When Flippening? You want to know the answers and so do we. That’s why Polygon is launching Polygon Pod […]

Read More
Introducing Polygon Nightfall Mainnet: Decentralized Private Transactions for Enterprise

We’re in the early innings when it comes to enterprise needs for blockchains. Whether it’s supply chain management or marketplaces, the potential for secure business transactions on a public ledger has enormous implications. That’s why we’re pleased to announce Polygon Nightfall, a blockchain solution that leverages cutting edge Optimistic-Zero Knowledge technology to give businesses an […]

Read More
Polygon Is Going Carbon Negative in 2022 With a $20 Million Pledge

Today marks the start of a new, sustainable era for the Polygon ecosystem -- the core team has committed to eliminating all of the network’s carbon debt going back to inception and making the chain climate positive into the future. Polygon’s Green Manifesto announced today is part of a broader vision for sustainable development that […]

Read More
Introducing Polygon ID, Zero-Knowledge Identity for Web3

At Polygon, we believe that putting people firmly in control of their digital identities is at the core of Web3’s promise to empower users over networks. We have been working behind the scenes to fulfill this promise and today are proud to introduce Polygon ID, the self-sovereign, decentralized and private identity for the next iteration […]

Read More
Calling All Web3 Developers: #WAGMIonPolygon

This is Dalip, head of Developer Relations at Polygon. These past few weeks have been tough on everyone in Web3. But when the going gets tough, the tough get building. That’s why today we are announcing #WAGMIonPolygon, a new series for developers available on our YouTube channel. The program will focus on educational content, expert […]

Read More
PolygonInsights - WEEK19

Hola readers! Roland-Garros, an eTennis competition series by BNP Paribas, will launch its first NFT collection on Polygon, Chainsmokers shared their album royalties via NFT drops on our network, and the Polygon PoS bridge maintains its position in the Top 5 most used dApps on Ethereum. Let’s dive in.  Key takeaways:  There was an increase […]

Read More
MSP Recovery and Tokenology Choose Polygon to Tokenize Medical Claims

MSP Recovery, a $32.6 billion publicly-traded U.S. company leading the healthcare reimbursement recovery industry, has partnered with Tokenology to launch a healthcare claims tokenization platform that will help eliminate fraud and benefit patients, care providers and insurers alike.  LifeChain will run on Polygon, leveraging the carbon-neutral network’s low transaction fees, high throughput and a suite […]

Read More
crossmenuchevron-down-circle