Polygon PoS in Numbers

Part 1: Polygon PoS engagement growth

For the third consecutive week, Polygon PoS saw record users. This week, an average of 207,719 users interacted with Polygon, a week over week increase of 17.16%!

The surge in active users pushed Polygon to new heights relative to Ethereum. Today Polygon has 40.54% of Ethereum’s daily users, and is the first time crossing the 40% milestone!

We can also contextualize this growth to Binance Smart Chain where we see Polygon maintaining roughly 20% of active users.

User growth was propelled by both strong cohorts and retention rates.

197,713 new users engaged with Polygon for the first time, the third largest cohort of all time! Since August 2nd, every weekly cohort has been well above 100,000 new users.

In addition to the strong new user growth, Polygon also saw great retention metrics. This was especially true in older cohorts, which continue to demonstrate

Long time users of Polygon are returning more and more, with the oldest cohorts improving retention for the third straight week.

And, while cohorts 11-20 continue to decline, cohorts 21-30 have also posted improvements in retention for two weeks on.

While active users are on the rise, daily transactions took a dip after five weeks of growth. Last week’s average transactions are 5.76mm, down -13.28% week over week.

On a per user basis, transactions fell below 30 transactions/user for only the second time in network history. As more and more users join Polygon, I expect this number to continue to inch down, while total transactions rise.

Part 2: Polygon PoS monetization growth

Network revenues continue to seesaw. This week, the average cost per transaction declined -39.37%!

Users benefited from an overall average cost per transaction of $0.0053.

Lower transaction costs combined with lower overall transactions to result in a significant decline in network revenues. In $MATIC terms, network revenues declined -30.79%. And, in USD terms, revenues plummeted to $30.6k/day, a -47.43 decline week over week.


Polygon PoS is experiencing an NFT renaissance. On OpenSea alone, active traders are increasing rapidly. From July to August, traders multiplied 7.4x. So far, September is on pace to more than double traders, up to 104.32%.

The activity in part is spurred by more project launches. In July, 44.6k NFTs sold. September is expecting 786.8k.

Polygon is quickly becoming a go to chain for NFTs. The demand is provably here, and with no gas wars I expect Polygon will continue to attract larger and larger projects, artists, and ultimately become a hotbed of innovation.

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