Try Quests to earn cryptoPolygon - Daily Transactions and Unique Addresses
Question
Q1. Count and plot the number of daily transactions and unique addresses on Polygon, beginning July 1, 2022.
In your estimation, discuss whether Polygon is still growing, has reached a plateau, etc.
\n Creation date: 2022-07-10
Created by piper
Introduction
What is Polygon?
Polygon offers a solution to Ethereum's scaling problems that enables faster and cheaper transactions. For this purpose, Polygon Layer 2 that run in parallel to the Ethereum Blockchain, and can thus process transactions faster and cheaper. Polygons native token is $MATIC.
In July we had around 23.1 Million transactions on polygon so far. When we look at the daily chart, we can see that we have a very constant daily number of transactions with around 2.2 Million or more. The same is visible in the hourly chart, we see a very constant hourly number of around +/- 100k. This looks all in all very solid and stable.
When we check the chart on the right, we see the number of transactions of the past 30 days. Also here it look very constant, only at the beginning, June 10th, the number of transactions were very low with 850k. After that number went up and stayed at around 2 Million or more.
Conclusion
As we are still in a bear market all Polygon numbers in this analysis look very strong and constant.
- Total Number of transaction in July: 23.1 Million
- Daily Number of Transactions around 2.2 Million
- 902k Unique Wallet Addresses in July
- Daily Unique Active Wallets around 200k
- 279k Unique Contracts used in July
- Small Uptrend visible in July, low 37.4 and high 63.6k of used Smart Contracts on Polygon
All in all I see a very strong and active working Polygon Network. To answer the Question, i would say we have reached a plateau wit h a little uptrend at the end.
Thanks for reading!
This analysis was created on 2022–07–10 for a bounty at Flipside Crypto by piper to answer the following questions:
Polygon - Daily Transactions and Unique Addresses: Q1. Count and plot the number of daily transactions and unique addresses on Polygon, beginning July 1, 2022. In your estimation, discuss whether Polygon is still growing, has reached a plateau, etc.
All data used are from Flipside Crypto.
In the past 10 days in July around 902k unique wallets were active on polygon and did at least one transaction.
Also the daily number of unique wallets look very constant. We have always around 200k unique active wallets per day in July.
In July, around 279k smart contracts were used on Polygon. That sound like a strong number!
Looking at the daily numbers, we can see a different chart, then on unique wallets. The numbers in the past 10 days are not constant, they are increasing (a bit) since the beginning of July.
I would rate this very positively!