Hello! In this bounty we are are looking at Polygon’s transaction and discussing about thee chains status in popularity.

Let’s start with 1st question:

Q1. Count and plot the number of daily transactions and unique addresses on Polygon, beginning July 1, 2022.

We see Polygon has at least 2.1m transactions in each day and the Transactions record is 2.82m on 5th July.

About wallet’s the the minimum amount of unique wallets making transactions in one single day is 193k and the maximum is 241k.

In both charts we cant say the trend is completely increasing or decreasing, some days the trend is growing up and some days down.

But we can say these two charts have straight simulations, every time the transactions going up, more unique wallets are using the chain and every time the transaction counts is falling, we have fewer wallets making that transactions.

Q2. Discuss whether Polygon is still growing, has reached a plateau, etc.

For answering this question we have 2 methods:

1: Comparing Polygon’s Status with last year in the same timeframe

2: Comparing Polygon with other Chains

Here we are using both two, So let’s start with 1st:

We will go back to previous charts and look at them in 2 different years:

As we see, transactions counts in Polygon has been decreased from the last year, last year in the same timeframe Polygon has between 4.94m to 8.22m transaction in each day, but the currents rate is 2.16 to 2.82, So maybe the chain has not growing trend like the same year.

The wallets counts say Polygon has attracted many users in recent 1 year , daily wallets making transactions in polygon has jumped from 83k-11k to 193k-241k in the same timeframe, So we can say the chain had successful days in recent year.

The 3rd chart is a combination between 1sd and 2nd chart, Which both results can be seen, transaction count’s decreased but the Users increased.

Now it’s time to start the second method and compare Polygon with another chain., and here we have 2 cases:

1: Binance Smart Chain, one of the trending projects in last year bull market, Just like Polygan.

2: Arbitruim: One the most famous l2 solutions of Ethereum, with great hype around it, because not having native token yet and also the Arbitrum odyssey. event!

As we see, in both number of transactions and number of unique wallets making transactions polygon is the 1st choice by far!

Both BSC as a trending chain in 2021 like Polygon and Arbitrum as a newcomer chain with hypes, are far away from Polygon

And Also Polygon have superiority in the average rate of transactions per each wallet, comparing with the 2 other chains.

We can see Polygon’s Popularity in all comparing charts.

Conclusion

• Although Polygon is not have that much hype in the last year, But it’s still a solid blockchain with many users. In fact Maybe newer project like l2s or even the bear market has got that hype from Polygon, but If we compare it with the rivals like BSC or even the newer ones with Arbitrum with a lot of hype around it, Polygon is the superior blockchain in both transactions count and users, In other words The projects is still solid and running strong although may continuing the race with lower noise!