Polygon protocol beats Ethereum in number of active addresses

October 15, 2021

Polygon  Ethereum in number of active addresses

On October 2, the number of active addresses on Polygon's secure L2 solution network surpassed Ethereum for the first time - 566,516 versus 527,158.

Over the past 30 days, the former has grown by 168%, the latter by 0.6%.


Dynamics of active addresses in Polygon network. Data: Polygonscan.


Dynamics of active addresses in Ethereum network. Data: Etherscan.

Analyst nickname RaphaelSignal cited the explosive growth of the NFT trader audience on Polygon as one of the drivers. He calculates that on the popular OpenSea marketplace, their number has increased 45.5 times since July, with 17.5 times the number of tokens sold.

He cited GameFi's growth as another reason. The analyst cited data on the Arc8 gaming project - the number of active users reached ~104,000 in a day.

Polygon has also surpassed Binance Smart Chain in terms of transaction volume in the last 30 days.

Polygon protocol beats Ethereum in number of active addresses

The project's native token MATIC is ranked 22nd by CoinGecko. In the previous seven days, it gained 12.4%, ranking eighth in the top 30.

Recall that digital asset manager Osprey Funds launched a trust based on MATIC in September.

In the same month, accounting firm Ernst & Young added support for the protocol and Polygon framework when developing its own Ethereum-based solutions.

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About the author

Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.

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