• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Polygon has reached a similar level to Ethereum in terms of the number of new users.

Polygon has reached a similar level to Ethereum in terms of the number of new users.

user avatar

by Max Nevskyi

2 years ago


In 2023, the Polygon project registered 15.24 million new accounts, approaching the number of Ethereum accounts, of which there were 15.4 million. This information was presented in a report from Flipside.

Several interesting facts were discovered in this report:

Polygon attracted almost as many new users in 2023 as Ethereum.

Users with a large number of transactions (100 or more) bought more NFTs than they sold.

85% of wallets made transactions on only one blockchain network, but this percentage was lower than in previous years.

Polygon outperformed Ethereum in attracting new users in the first half of last year, but subsequently reduced its growth rate.

The researchers noted that Polygon started the year with an impressive 2.8 million new users in January, representing more than 40% of the total number of network users in 2023.

The bitcoin blockchain took third place with 10.65 million new accounts. Solana and Arbitrum rounded out the top five.

The total number of users involved in the eight protocols studied was 62 million.

Analysts note that growth began in March, which coincided with the collapse of Silicon Valley Bank, which may have increased interest in decentralized alternatives and reduced confidence in centralized organizations.

It should also be noted that the Base L2 solution project was launched only in August 2023, but has already shown significant results, attracting 1.94 million new accounts. Flipside expects further growth in the number of users in this project this year.

The company's data also shows that 85% of wallets interacted with only one blockchain network. In addition, "super users" with more than 100 transactions bought more NFTs than they sold.

Recall that on November 16, POLS tokens inspired by Ordinals were launched on Polygon, and in this regard, commissions on the network increased by 1000%. Later, the Polygon Labs team introduced the AggLayer solution, an aggregation layer that aims to connect blockchains based on zero-knowledge evidence.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Price Forecasts Show Significant Growth Potential

chest

Bitcoin price forecasts indicate significant growth potential, with projections reaching $90,000 by mid-July 2026 and $1,000,000 by 2040.

user avatarJacob Williams

Grant Cardone Announces Major Bitcoin Investment Plan

chest

Billionaire Grant Cardone announces a plan to invest $500 million in Bitcoin this year, aiming to accumulate 10,000 BTC tokens amid the ongoing US-Iran war.

user avatarZainab Kamara

Ethereum Experiences Significant Buyside Pressure in Derivatives Markets

chest

Ethereum has experienced its strongest buyside pressure on derivatives markets since the 2022 bear market, indicating a potential shift in market dynamics.

user avatarSon Min-ho

Ripple CTO Emeritus Warns of Security Risks in DeFi Bridges

chest

David Schwartz, former CTO of Ripple, warns about security risks in DeFi bridges, emphasizing the need for better governance and risk management following the KelpDAO incident.

user avatarAyman Ben Youssef

Analyst Identifies Key Resistance and Support Levels for Bitcoin

chest

Crypto analyst Behdark identifies key resistance and support levels for Bitcoin price.

user avatarTando Nkube

Solana Price Decline Continues Below Key Levels

chest

Solana's price has failed to stabilize above 90, leading to a decline below 85 and further losses.

user avatarKofi Adjeman

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.