Terminology

The terms used within this dashboard are not commonly used in the crypto space, do only use them to understand this Dashboard!

Primary Addresses

• Addresses that received transaction +
• Addresses that initiated a transaction

All Addresses

• Primary addresses +
• Contracts that were never directly called (only via delegates or not at all) +
• Any other occurence of an address in the flipside data

Findings

• There is a very significant correlation between primary and all address growth
• Primary addresses account for about 75% of all addresses
• There is a subtle downtrend in average daily address growth since December 2021

One statistic that one might consider related would be the gas fees on both ETH and MATIC, you might expect a spike in address creation correlating with a spike in ETH gas.

Lets have a look at that suspicion:

Findings

You cannot see any correlation between gas fees in either ETH or MATIC and the address growth.

Another possible correlation you could expect would be the price of MATIC / ETH. Lets yet again look at that:

Concluding

• MATIC has been undergoing a high but no longer increasing growth of addresses for a year now
  • There has been a subtle downtrend in daily address growth since December 2021
  • 3.000.000 Primary Addresses in October 2021
  • 6.000.000 Primary Addresses in December 2021
  • 9.000.000 Primary Addresses in February 2022
  • 12.000.000 Primary Addresses in May 2022
• The price nor the gas fees of ETH / MATIC affect the growth noticably

Updating Issues

During making this I noticed issues with updating the fee & price statistics through dashboard parameters. If you face those issues using the dashboard parameters above try manually updating each query.

Findings

You cannot see a clear correlation between the prices of either token and the MATIC address growth.