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.
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]