Polygon’s Consistent Growth According to Nansen
If you’ve been following Polygon’s progress, you’ll be interested to know that Nansen’s latest report reveals the network experienced steady growth in the last quarter. Daily transactions for Q3 2023 peaked at 2.8 million, a significant milestone for the platform.
An Enduring User Base
During the same period, daily active addresses on the Polygon network (MATIC) remained stable, fluctuating between 275,000 to 466,000. The average daily gas fee for transactions on Polygon reached $0.05 in the quarter, showcasing its cost-effectiveness compared to Ethereum (ETH).
When it comes to projects, Chainlink (LINK) led on Polygon with 47.08 million transactions, followed by Galxe and Planet IX. Notable contributions were also observed from Stargate, LayerZero, Tether, and USDC.
Enhancing Integration
Just three days after Magic Eden announced additional features to support the Polygon network, including an aggregation tool and royalty enforcement. These developments are expected to optimize the user experience within the NFT marketplace.
Hot Take: Polygon’s Growth Trajectory
Polygon’s consistent growth and increasing user base reflect its potential as a robust blockchain network. The integration of new features and improvements further solidify its position as a key player in the crypto space, especially in NFT markets.
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