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.
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.
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.
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