In this dashboard we will analyze :

• daily transactions and unique addresses on Polygon, beginning July 1, 2022.

Introduction

Polygon's MATIC Sidechain works in the same way as other Proof-of-Stake blockchains. Except for the fact that exchanges are clustered and settled over the Ethereum mainchain, its structure, token, client nodes, local dapps, validator nodes, and other features are identical to those of other networks. Fortunately, Polygon has developed a layer-2 network for creating Ethereum-compatible blockchain networks.

 Off-chain scaling options are alluded to in Layer-2 scaling solutions. This involves reducing or removing components with evaluation power from the main blockchain before executing them elsewhere, such as on sidechains. This increases mainchain performance while also spreading assessing proficiency across the network.

As you know, recently the crypto market has had a lot of price fluctuations, so that the price of matic fell by more than 80% compared to the beginning of the year. These price fluctuations caused problems for some ecosystems, for example, the Terra ecosystem was destroyed. Polygon was one of the ecosystems that performed well in these fluctuations. As you can see in the graphs above, the number of Polygon network transactions has not changed much, except for a few days. The number of unique network users has decreased slightly, and on some days, the number of users has decreased significantly due to network disruption, for example, at the beginning of June and beginning of july As you can see in the graphs, at the beginning of July, the number of transactions and the number of network users has significantly decreased. The reason for this decrease was related to network disturbances.