Polygon Ecosystem On Fire: Daily Active Addresses And Transactions Soar, MATI...
Layer 2 scaling solution Polygon has maintained strong network activity even as the broader cryptocurrency market and its native token, MATIC, experienced a downturn in the second quarter of 2024, according to a new report from market intelligence platform Messari. Polygon Weathers Crypto Market Downturn While MATIC saw a 44.3% drop in its circulating market cap to $5.5 billion over the quarter, placing it as the 20th largest crypto asset (currently at the 26th position), the protocol’s on-chain metrics remained strong. This is in contrast to larger cryptocurrencies such as Bitcoin....
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Layer two aggregator Polygon has seen a 330% surge in active addresses over the past 3 months. Layer two protocols have seen monumental growth this year and one of them has briefly surpassed the network it is a scaling solution for, in terms of active addresses.The number of daily active unique addresses on layer two aggregator Polygon has surpassed those on the high fee layer one Ethereum according to protocol co-founder Mihailo Bjelic.According to his stats, Polygon had 351,000 daily active addresses on Sept. 27 whereas Ethereum had 326,000.Another huge milestone for @0xPolygon! We....
On-chain data shows that some activity metrics related to Polygon have surged recently, which could be positive for the asset’s price. Polygon Active Addresses & Age Consumed Have Spiked Recently In a new post on X, the on-chain analytics firm Santiment discussed the latest trend in two MATIC indicators. The first is the “Daily Active Addresses,” which tracks the total number of addresses participating in some kind of transaction activity on the network every day. The unique number of active addresses can be considered the same as the unique number of users participating....
In the past month, there have been more daily active addresses on the NEAR Protocol than in Ethereum and its layer-2 protocols, including Arbitrum and OP Mainnet, Artemis data from September 25 reveals. Artemis, an institutional data platform for digital assets, shows that the number of daily active addresses on NEAR Protocol has been consistently above the 400,000 level in September. Daily Active Addresses On NEAR Protocol Surging Looking closer at the data confirms that the number of daily active addresses on Ethereum, the pioneer smart contract platform that hosts most decentralized....
Bitcoin daily active addresses are on the rise. This has followed the uptick in price after the market crash. As time has gone on and the price has been down for a while, investors are taking this to be a time where they can stock up on the digital asset for cheap. This has led to a high number of daily addresses, and this has continued, indicating that there are bigger things to come. 1 Million Active Addresses In Three Days On-chain analysis firm Santiment recently published a report detailing the number of bitcoin daily active addresses. This number had seen a significant uptick this....
The Layer-2 scaling solution for Ethereum, Polygon (MATIC), is currently going through a strange circumstance. The quantity of network activity has increased significantly, but the cryptocurrency’s price is still unpredictable. It’s stuck in a rut, held back by both a possible technical breakthrough and a chronically pessimistic outlook. Related Reading: Mass Adoption? NEAR Protocol Sees 17 Million Unique Addresses In 30 Days Polygon: Can Active Addresses Raise The Bar? Polygon’s network was humming on July 8th, with an astounding 1.18 million active addresses. For the....