>
> “Polygon believes in Web3 for all. Polygon is a decentralised Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without ever sacrificing on security.”

Purpose:

• Count and plot the number of daily transactions and unique addresses on Polygon, beginning July 1, 2022.
• Is Polygon still growing, has it reached a plateau?

🔗 Links:

➡️ Visit Polygon

📜 Read the Docs

🐦 @0xPolygon

Count and plot the number of daily transactions and unique addresses on Polygon, beginning July 1, 2022.⤵️

🗝️ Points:

• Data includes current date which may appear significantly different than the prior days depending on time.
• Day to day activity appears stable.
• While transaction counts are consistent, we observe fees ranging from ~ 36k - 63k.
• Unique wallets are also consistent and interacting with between 66k - 95k unique destinations.

Is Polygon still growing, has it reached a plateau?⤵️

🗝️ Points:

• Data includes the current month which may appear significantly different than the prior months depending on date.
• Time-frames are varied as they are using all available data.
• Overall, we view a drop in transactions across the chains displayed.
• New wallets continue to grow on Polygon and we observe a deceleration on Algorand and Solana.
• While lacking a full history of data for Solana, we notice that with Polygon and Algorand spikes of maximum transactions occurred at different points in time, indicating a rotation on interest among chains.
• This would be similar to the rotations that occurred during the evolution of the internet…remember AOL, AltaVista, AskJeves?
• In the current market conditions we can expect to see consolidations and failures. From these events the healthiest and most promising projects are likely to continue on for the next leg up.
• Given Polygons current strength and position within crypto, I would expect to see Polygon continue to grow with respect to the adoption curve.

SOURCE:

🤷 Conclusion:

• We’re still early.