Introduction
Polygon is a scaling solution for public blockchains. Polygon PoS supports all the existing Ethereum tooling along with faster and cheaper transactions.
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.
Methodology
In this dashboard we will be using Polygon database to analyze NFTs on Polygon. We will use polygon.core.dim_labels
table to find NFT contract addresses on Polygon by filtering
label_type = 'nft'.
Then we will use flipside_prod_db.polygon.udm_events
table to find how many NFT transactions have performed on Polygon, How many unique users have purchased an NFT on polygon and what was the NFT transaction’s volume on Polygon.
Next we will find how many Polygon users started off with NFTs and at last we will look at top NFT sellers on Polygon.
lets do this!
The following chart shows number of NFT transactions per day on Polygon over time. We divided timeframe to 3 part:
- Past month
- Past year (except last month)
- Before past year
We can see number of transactions was increasing from late 2020 to April 2022 but it has decreased from April to July 2022.
The most number of transactions was on May 9, 2022 by 246.222K transactions.
The following chart shows number of unique NFT buyers per day on Polygon over time.
We can see uptrend from from late 2022 to end of April 2022.
but this trend has turned to downtrend after April 2022 to July 2022.
The highest number of unique NFT buyers was on May 9, 2022 by 77.862K users.
The following chart shows cumulative number of NFT transactions and cumulative number of unique NFT buyers from late 2022 until now.
Total number of NFT transactions is about 19.42M transactions.
Total number of unique NFT buyers is about 4.44M transactions.
The following chart shows NFT transaction’s volume in USD from late 2020 to July 2022 per day.
We can see a huge spike in volume on June 31, 2021 by about 41.5M USD.
Also the following chart shows cumulative volume of NFT transactions in USD
from late 2020 to July 2022 per day.
Total volume is about 523M USD at the end (July 14, 2022)
The following number illustrate number of Polygon users started off with NFTs, In other words number of users who have transacted with NFTs for first time.
The following addresses are users who have sold the most volume in NFTs on Polygon.
Conclusion
- Number of NFT transactions was increasing from late 2020 to April 2022 but it has decreased from April to July 2022.
- The most number of NFT transactions was on May 9, 2022 by 246.222K transactions.
- The highest number of unique NFT buyers was on May 9, 2022 by 77.862K users.
- Total number of NFT transactions is about 19.42M transactions.
- Total number of unique NFT buyers is about 4.44M transactions.
- Total volume is about 523M USD on July 14, 2022.
- Number of Polygon users who started off with NFTs is 301K users.
Discord: pouya_22#1482