Polygon-4.Active Addresses

    -- Q4. How many addresses on the MATIC network are active? -- What’s the daily evolution of active addresses? -- Is the activeness related some how to the price? -- Hint: Active address is an address that has done at least one transaction or has received at least once a token in the past 3 months.

    Methodology

    • For active address we look at the transaction of each address on a particular date.
    • Then we look at the number of wallets making transactions on that date
    • Those wallets are the number of active addresses on that date on Polygon.

    Active Addresses on Polygon/What’s the daily evolution of active addresses?

    • Till date 556K is the highest number of active wallets on Polygon Jan 6, 2022
    • We also saw a couple of other blips on Oct 2, 2021 with 495K wallets and 476K wallets on Oct 18, 2021.
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    • Looking at the price, seems like yes the activeness is related to the price.
    • It is related inversely to the price.
    • We look at price falling around Sep-Oct 2021 when we saw a huge activity of wallets.
    • We also look at the falling price in Jan 2022 with rise in activity of wallets.