This week, we want to collect all polygon related bunties that won the grand prize in the form of a dashboard and have a general analysis of them. Considering that there are only 4 grand prizes related to polygon in the discover section of the flipside site. We have collected the same 4 questions and we are examining them and writing our own analysis about them.

Q1 of grand prize :

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?

Introduction and methods

Polygon is one of the most popular L2 networks that have been created as a second layer of Ethereum network in order to make easier and better the blockchian network, as well as work as a low-cost ecosystem. MATIC is the native token of Polygon and play an increasingly important role, securing the system and enabling governance.

In this dashboard we are gonna evaluate the number of addresses active on Matic network. To do that, we will define active wallet as a wallet that have been done a transaction over the past 3 months or have received at least one token during that period.

On the other hand, we will plot the evolution of active addresses in a daily basis. Finally, we will compare the performance with the MATIC price to see the impact.

In order to get the current number of active wallets, we first have to consider those users who have done some movement during the past 3 months. On the one hand, a total of 6.09M of addresses did some transactions. Excluding this users from those who received at least a token once during this time, a total of 986M approximately wallets received something. Then, a total of more than 5.1M of MATIC addresses have been active during the past 3 months.

If we compare the evolution of these metrics with MATIC price performance, we can see that the trends are quite similar. In fact, analyzing the two metrics against the price of the token, we can see how there is a positive correlation between them. Then, we can conclude that the number of active addresses on Polygon has an impact on the price performance.

Conclusion

IN this dashboard we have analyzed the active addresses on Polygon, defining them as those wallets that did some transactions during the previous 3 months or receive at least one time during that period.

A total of more than 5.1M of Polygon addresses are currently active wallets. This number increased during 2022, but have been stable during the past months. It can be found as well that there is a correlation between this metric and the price performance of MATIC.

Q2 of grand prize :

Draw a chart showing the number of new addresses every day on polygon(Matic) network. New addresses are unique addresses that appeared for the first time in a transaction of Matic.

Methodology

1. Over time, obtain the daily new addresses on Polygon.
2. Calculate the number of daily new addresses by year.
3. Compare the average number of new addresses per day by year.

In this study, we will look for new addresses on Polygon and compare them to a variety of factors.

The term "new address" refers to addresses that had their first transaction on that date.