The number of monthly active unique addresses on Polygon has again reached 2,4 million, according to data from OurNetwork in its latest weekly report.
Polygon, the leading scalability protocol Ethereum, is back above 2,4 million monthly active unique addresses. Polygon's user base continues to grow, as NFTs and gaming blockchain are expanding and growing in adoption globally, OurNetwork researchers say in their latest report weekly.
Polygon has become the leading layer 2 solution in the blockchain ecosystem, being the most adopted for the development and interaction of NFT projects and digital games today. According to the report, Sunflower Farms, QuickSwap, Crazy Defense Heroes and Uniswap are the most popular. decentralized applications (DApps) most used within Polygon currently and also responsible for the extraordinary growth of its community in the last 3 weeks.
As of today, the number of unique active addresses within Polygon again exceeds 346.000, showing a growth of 6.900% in the last year and at least 6,4% so far this month.
Source: @raphaelsignal
At the end of January, Polygon reached a new milestone surpassing 7.000 DApps developed and implemented within its blockchain ecosystem, demonstrating the growing commitment of developers and the crypto community to this network and highlighting the utility and multiple use cases that Polygon has within the space. DeFi and NFT.
Polygon is a framework that allows you to create applications compatible with the Ethereum network, addressing the scalability problem of this blockchain, reducing transaction costs and improving its performance and speed.
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Polygon, impact on NFTs and games
According to the report, the Polygon network is starting to be used more widely in the growing blockchain gaming ecosystem. Last month, at least 7 game titles deployed on this network had over 10.000 monthly active users, the researchers explained. Although the number is tiny compared to active players within other chains, such as Ethereum and Ronin, Polygon’s scalability and high throughput is having a major impact in the GameFi space.
As for NFTs, data indicates that this blockchain network is a favorite for the development of NFT projects, especially on the Opensea marketplace, where the number of active unique addresses has also increased significantly.
On the other hand, in recent weeks the number of depositors has exceeded the number of withdrawals by more than 38 times, OurNetwork indicated. In addition, the network's income remains close to $100.000 per day after the implementation of EIP-1559 last month.
Over 1 million active addresses on Opensea
As of earlier this month, the number of unique active Polygon addresses that have interacted at least once on the Opensea NFT marketplace surpassed 1 million since its launch last July.
Currently, the number of active users within Opensea via Polygon reached 218.000 in January, making this the second highest month with active traders since September 2021, when it marked a milestone of almost 300.000 monthly active traders.
Source: Source: Dune Analytics
In terms of transaction volume, January was the best month so far, with more than $79,2 million transacted on the NFT marketplace through this network.
Ethereum's scalability issues and high costs are driving the adoption of Polygon, which allows interacting with smaller projects in an accessible way. According to the data According to Dune Analytics, a total of 2,68 million NFTs were traded on Opensea via Polygon last month. The majority of these transactions were executed for a maximum value of $100, indicating that the scaling network is being widely adopted for retail use.
Source: Dune Analytics
Transaction fee rates on Polygon are approximately 0,001 MATIC, which is about $0,00154 (a fraction of 1 cent) based on the current MATIC price of $1,54 per unit on the market.
Over $140 million Uniswap via Polygon
Uniswap, one of the most important decentralized exchanges in the DeFi ecosystem, has also captured significant engagement in recent weeks since its deployment on the Polygon scaling network last December. Currently, around 25% of Uniswap’s total volume takes place through Polygon.
According to data from DeFi Llama, a monitoring platform for the DeFi ecosystem, Uniswap’s total value locked or TVL on Polygon exceeds $140 million, doubling so far this month. Polygon is becoming one of the preferred destinations for DeFi protocols and NFT and Web3 developers due to its low transaction fees and high level of scalability, which provide a wide range of options and use cases to continue building the blockchain ecosystem.
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