Daily Transactions and Unique Addresses
Types of Interaction on Polygon
Key features & highlights
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Scalability: Fast, low-cost and secure transactions on Polygon sidechains with finality achieved on mainchain and Ethereum as the first compatible Layer 1 basechain.
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High throughput: Achieved up to 10,000 TPS on a single sidechain on internal testnet; Multiple chains to be added for horizontal scaling.
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User experience: Smooth UX and developer abstraction from mainchain to Polygon chain; native mobile apps and SDK with WalletConnect support.
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Security: Polygon chain operators are themselves stakers in the PoS system.
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Public sidechains: Polygon sidechains are public in nature (vs. individual DApp chains), permissionless and capable of supporting multiple protocols.
The Polygon system was consciously architected to support arbitrary state transitions on Polygon sidechains, which are EVM-enabled.
In this dashboard we are going to analyze daily transactions and unique addresses on Polygon and find out whether Polygon is still growing or has reached a plateau.
To do this we will use polygon.core.fact_transactions
table and count number of transactions and unique address from July 1, 2022
and then we will do this again for all recorded data for Polygon to see whether Polygon is still growing or not.
The first recorded transaction on Polygon was on June 6, 2022, So we will chart data from this date.
Lets do analysis!
On the following left chart we can see number of daily transactions per day since July 1, 2022. We don’t see big changes in number of transactions from July 1 and just on July 5 number of transactions was higher than other days by about 2.68M transactions per day.
Also the following right chart shows the total number of transactions from July 1. We can see at the end of July 8 about 19.45M transactions performed on Polygon.
On the following left chart we can see number of unique addresses transacted with Polygon per day since July 1, 2022. We can see number of unique addresses on July 8 was lower than other days by 183.933K unique addresses per day.
Also the following right chart shows the total unique addresses transacted with Polygon from July 1. We can see at the end of July 8 about 1.66M unique addresses transacted with Polygon.
On the following left chart we can see number of daily transactions per day since June 6, 2022. We can see number of transactions was growing from June 6, 2022 to June 18, 2022 but it has reached a plateau after that day. Also the highest number of transactions was on June 13, 2022 by about 3.25M transactions per day.
On the following right chart we have compared number of July transactions to all transactions.
On the following left chart we can see number of unique addresses transacted with Polygon per day since June 6, 2022. We can see number of unique addresses on June 27 was higher than other days by 399.642K unique addresses per day. Also we can see number of unique addresses was growing from June 6, 2022 to June 27, 2022 but it has reached a plateau after that day.
On the following right chart we have compared number of July unique addresses to all unique addresses.
Q1. Count and plot the number of daily transactions and unique addresses on Polygon, beginning July 1, 2022.