This week resumes Polygon’s DAU growth, breaking past the 150k DAU milestone!
Even more impressively, Polygon has made large moves relative to both Ethereum and Binance Smart Chain.
Today, Polygon has 32.76% of Ethereum’s daily active user base, and 15.72% of Binance Smart Chain’s.
As with last week’s analysis, we can see new users are engaging with Polygon PoS in droves.
Week 34 saw nearly 152k new users join Polygon. It was the third-largest cohort of all time, slightly edging out week 33’s numbers.
The uptick in users yielded an even greater gain in daily transactions. On average Polygon PoS had 5.81mm transactions a day, an increase of 11.33% week over week.
Part 2: Polygon POS monetization growth
The bigger story this week is Polygon PoS’s revenue growth.
Increased transactions combined with $MATIC’s token appreciation resulted in an explosive growth in network revenue — increasing 47.55% week over week!
Nominally, Polygon generated an average of $47,510 for its stakers.
Summary
For the first time, four gaming dapps broke into the top 25 by DAU on Polygon!
Gaming represents a completely different use case, appealing to an entirely different user base compared to defi. Recent announcements like Decentral Game’s metaverse development and the upcoming Dolce & Gabbana NFT drop are a precursor to a slew of upcoming gaming and NFT related releases.
It will be interesting to see how these changing use cases interact with one another and existing defi capabilities. We will be tracking it all here, on Polygon’s User Insights.
About Polygon
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 500+ Dapps, ~567M+ txns, and ~6M+ daily txns.
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.
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]