• 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

Dormant Bitcoin Whale Moves 2,043 BTC After Seven Years

chest

A dormant Bitcoin whale has moved 2,043 BTC after nearly seven years, indicating a potential shift in market dynamics.

user avatarSon Min-ho

Investigation into Crypto Scams Expands Amid Rising Fraud Cases

chest

Federal agencies are intensifying investigations into a surge of crypto-related scams, with significant financial losses reported due to phishing and social engineering tactics.

user avatarAyman Ben Youssef

Daren Li Sentenced to 20 Years for Crypto Romance Scam

chest

Daren Li was sentenced to 20 years in prison for his role in a large-scale crypto romance scam that defrauded victims of over $73 million.

user avatarTando Nkube

Hong Kong's Financial Regulator Signals Move Towards Perpetual Futures Contracts

chest

Hong Kong's financial regulator is considering the introduction of perpetual futures contracts for licensed crypto exchanges, marking a significant development in the region's digital asset framework.

user avatarKofi Adjeman

Russian Authorities Tighten Control Over Telegram

chest

Russian authorities are increasing their regulation of Telegram, citing breaches of local laws.

user avatarNguyen Van Long

Institutional Buying Signals Confidence in Bitcoin Market

chest

SkyBridge Capital, led by Anthony Scaramucci, is actively buying Bitcoin during its price dip, indicating long-term confidence in the cryptocurrency despite short-term volatility.

user avatarSatoshi Nakamura

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.