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

3 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.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Interest Rate Hike and Strong Dollar Could Impact Bitcoin Prices

chest

The potential interest rate hike and a stronger dollar could lead to a price correction for Bitcoin.

user avatarMaria Gutierrez

Kevin Warsh's Hawkish Speech Raises Inflation Concerns

chest

Federal Reserve Chair Kevin Warsh delivered a hawkish speech at the Jackson Hole meeting on August 28, 2026, emphasizing inflation risks and interest rate expectations.

user avatarArif Mukhtar

XRP Set for Potential Gains in September 2026

chest

CoinCodex predicts XRP could reach 150 in September 2026, indicating a potential 10% increase from its current price.

user avatarDavid Robinson

Micron Stock Remains Bullish Amid HBM and DRAM Shortages

chest

Micron's stock forecast remains optimistic due to ongoing shortages in HBM and DRAM supplies, despite some analysts trimming their price targets.

user avatarAndrew Smith

AI Developers Call for Enhanced Cybersecurity Measures

chest

AI developers, including OpenAI and Anthropic, call for enhanced cybersecurity measures to combat the rising threat of AI-enabled cyberattacks on critical infrastructure.

user avatarJacob Williams

Analysts Predict Bitcoin Surge Could Benefit Shiba Inu

chest

Wall Street analysts predict that Bitcoin could reach 100,000 by the end of the year, which may positively impact Shiba Inu's price.

user avatarZainab Kamara

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.