• 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

Steak n Shake Embraces Bitcoin Payments Starting May 16

chest

Steak n Shake will start accepting Bitcoin payments in participating locations from May 16, aiming to enhance transaction dynamics and increase sales.

user avatarAyman Ben Youssef

Federal Reserve Reverses Course on Uninsured Banks' Activities

chest

The US Federal Reserve has replaced a restrictive policy on uninsured state-chartered banks with a new framework promoting responsible innovation in the banking system.

user avatarKofi Adjeman

Will Taylor Analyzes XRP's Trading Range and Potential for Short Squeeze

chest

Will Taylor analyzes XRP's trading range and discusses the potential for a short squeeze in his latest YouTube video.

user avatarNguyen Van Long

Caroline Ellison's Early Release Sparks Renewed Media Interest

chest

Caroline Ellison's early release is expected to renew media interest, particularly with upcoming projects like Netflix's 'The Altruists', which will explore her relationship with Sam Bankman-Fried and the events leading to the FTX collapse.

user avatarSatoshi Nakamura

Digital Wealth Partners Launches XRP Algorithmic Trading Service for Accredited Investors

chest

Digital Wealth Partners has launched a new XRP algorithmic trading service for accredited investors, enhancing digital asset portfolio management.

user avatarJesper Sørensen

Newsom's Accusation Raises Questions About Crypto Regulation

chest

This political clash highlights the tension between innovation and regulation in the crypto space, questioning whether legal transgressors should be seen as innovators or criminals.

user avatarRajesh Kumar

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.