Polygon PoS in Numbers

Part 1: Polygon PoS engagement growth

Polygon’s active users jumped an incredible 61.36% week over week. With six consecutive weeks of growth, DAUs have multiplied 2.6x in just 28 days.

Active users are growing at an accelerating pace.  Typically larger scale means lower growth rates. However, over the last month Polygon’s growth rates have increased steadily, from a low of +0.73% to last week’s +61.36%.

This growth has led to Polygon helping more people access web3 than Ethereum itself. Since October 1st, Polygon has had higher daily average users relative to Ethereum. On a weekly basis, Polygon had 99.2% of Ethereum’s average DAU.

Likewise, Polygon has made significant strides relative to Binance Smart Chain. We see that last week, Polygon jumped to 45.48% of BSC’s active users. Below is a chart showing how Polygon is growing faster than both of these chains.

Increased cohort sizes continue to be a primary factor in user growth.

Last week saw 361.4k new addresses interact with the network. This was by far the largest cohort to date, increasing ~60% week over week.

In addition to cohort size, we are seeing much better retention over the last few weeks, particular in the  last cohort.

Since cohort 30 (end of July), no cohort has been in top 50% quartile of retention. Until last week, which boasted a 36.71% week 1 retention rate.

Despite the user growth, transactions on Polygon PoS actually declined slightly (-4.26%) to 6.26mm.

While this isn’t what we would typically expect, we do see that transactions per user remain elevated, even compared to other low-fee chains. Currently, transaction/address sits at 13.48, much higher than the 5-10 range Binance Smart Chain experiences for example.

Over the medium term, we would expect transaction per address to continue to decline, but overall transactions to increase.

Part 2: Polygon PoS monetization growth

Network revenues seesawed back down this week. After increasing 26.61% last week, revenues are down -32.57% this week. This continues the pattern of volatility in network fees we’ve seen over the last several months.

The primary cause was a decline in the average cost per transaction. Transaction costs fell -29.57%, reaching $0.00418. This is the lowest transaction costs since last July and is a fantastic sign as Polygon PoS continues to scale while maintaining transaction costs of well under a cent.


The biggest catalyst for user growth is use cases outside of DeFi. Arc8 and the continued success of gaming titles on Polygon such as Neon District and Revv Racing are the biggest week-over-week contributors.

Another major catalyst are NFT adoption on Polygon. 

We put together an in-depth thread on OpenSea’s success on Polygon. There we describe how trader activity and artists are changing behavior, as well as share some incredible adoption stats such as having 272k active traders in September alone. You can find the full thread here.

Be a part of our social ecosystem!

More from the Polygon Blog
Polygon Announces Polygon Miden - A STARK-Based, Ethereum-Compatible Rollup

TL;DR: We are excited to announce the newest member of the Polygon solution suite - Polygon Miden, an upcoming STARK-based, EVM-compatible rollup. The project is led by Bobbin Threadbare, former Facebook’s core ZK researcher who led the development of Winterfell. Today we are releasing Polygon Miden’s core component - Miden VM, the first open-source STARK-based […]

Read More
Why Web3 Developers Are Choosing Polygon Over Other Solutions 

When it comes to deploying on Ethereum, there is only one place that lets developers easily migrate their projects, offers a broad range of scaling options and has some of the industry’s lowest transaction rates. These are just some of the reasons why the number of teams using Polygon jumped 100-fold in the past year. […]

Read More
EY and Polygon to co-develop Ethereum scaling solutions for enterprises and launch Polygon Nightfall - a privacy-focused Rollup

EY, a global professional services and technology firm, is collaborating with Polygon on building and implementing scaling and enterprise solutions for the Ethereum ecosystem. As part of this collaboration, EY and Polygon will work on Polygon Nightfall, a public, privacy-focused Rollup. In addition to this, EY will offer its other flagship blockchain products on Polygon […]

Read More
What's new in matic.js v3

Matic.js is an open-source javascript library for interacting with the Polygon bridge. It provides APIs for deposits, withdrawals, transfers, etc. The latest version v3 is an all-in-all improvement over its predecessor, which was used in multiple applications. The newest iteration was developed after analyzing and understanding several improvements, feedback, and issues sourced from our community. […]

Read More
Bringing Blockchain to real use cases: Next 2 Billion users

Polygon will be at Blockchance to present findings from its month-long Africa tour about the state of blockchain on the continent.  Polygon Hermez undertook the journey with the support of the Ethereum foundation and found a booming and vibrant blockchain community. On Dec. 4, Polygon’s Enterprise Lead Antoni Martin will present our insights from the […]

Read More
Wintermute Announces $20M Fund To Bootstrap Polygon Dapp Development

The first funded project is Router Protocol, a crosschain messaging protocol that aims to build infrastructure enabling seamless communication between various blockchains. Wintermute, a leading digital asset market maker, and Polygon, an Ethereum scaling platform onboarding millions to the Web3, have today announced a strategic partnership to grow the Polygon ecosystem. Wintermute is launching a […]

Read More