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
The Many Lives of Tokens

Tokens are the élan vital of Web3 networks, and projects are often perceived through the price at which they trade. But token price, subject to market sentiment and speculation, is not synonymous with token value. To understand the fundamentals, we must first unpack the different ways that value accrues to tokens in the new Internet […]

Read More
Going Beyond the Green Manifesto: Our New Impact Commitment 

With Ethereum’s Merge finally upon us, we’ve been thinking about how this historic milestone will affect our sustainability efforts. Polygon’s initial commitment to become carbon neutral and eventually carbon negative was largely addressing emissions generated by our relationship with Ethereum. The Merge dramatically changes that equation. Ethereum’s transition from Proof-of-Work to Proof-of-Stake consensus, known as […]

Read More
Starbucks Taps Polygon for Its 'Starbucks® Odyssey' Web3 Experience 

Today, we are thrilled to announce that Starbucks Coffee Company is working with Polygon to provide the blockchain technology to build its recently announced Web3 experience, Starbucks Odyssey. As a result of the partnership, this new Web3-powered experience will allow Starbucks Rewards loyalty program members and Starbucks partners (employees) in the United States to earn […]

Read More
Polygon Avail’s Ability to Scale: What We Can Improve Next

The Polygon Avail Testnet is now live. As users begin incorporating Avail into their chain designs, a question that often comes up is, “How many transactions can Avail process?” This is Part Two in a three-part series of articles that will address Polygon Avail’s current performance, as well as its ability to scale in the […]

Read More
Ethereum Merge FAQ and Common Misconceptions

Ethereum’s much-anticipated transition to the proof of stake (PoS) consensus, known as the Merge, is almost upon us. It’s a momentous event with broad-ranging implications for the greater Ethereum ecosystem. So we wanted to provide a definitive list of frequently asked questions (and answers) as well as address some of the common misconceptions, both of […]

Read More
Polygon-Powered Icetea Labs Accelerator Launches With 6 Startups

Polygon has teamed up with Alpha Venture DAO and Icetea Labs to launch the inaugural Icetea Labs Accelerator Program for blockchain startups.  Working in a tight three-way partnership, Polygon is co-creating an accelerator to funnel resources, mentorship, education, and business acumen to promising Web3 companies from around the world. The startups selected for the accelerator […]

Read More
Apply to Polygon Bootcamp Africa and Kickstart Your Web3 Developer Journey

Applications are open for Polygon Bootcamp Africa, launched in partnership with Xend Finance! The eight-week intensive educational course and hackathon combo will put developers in Africa on the Web3 map.  This is Polygon’s biggest step in providing resources to developers, builders, and creators in Africa, and it comes during an important time.  An internet and […]

Read More
ZK White Paper: Efficient ZK Proofs for Keccak

As part of our ongoing efforts to inform the Ethereum community about the efforts of Polygon’s zero-knowledge (ZK) teams, we will be posting a series of technical papers by our engineers and researchers. We hope that everyone who’s interested in the inner workings of Polygon’s ZK projects, Ethereum itself, and cryptographic engineering in general will […]

Read More
crossmenuchevron-down-circle