Polygon Insights #2 - Year in Review 🔍
Hola readers! Hope y’all had an amazing New Year. We’re all charged up for a power-packed year ahead - the beginning of new aspirations, goals and our commitment to revolutionising the ever-evolving space of Blockchains. 🚀
In this edition, we bring to you a recap of Polygon PoS and the ecosystem's growth over the last calendar year.
Let’s dive in. ⚡️
Polygon saw truly exponential growth last year, establishing itself as the leading transaction layer for the Ethereum ecosystem.
📈 Users multiplied 250x year over year. Today, Polygon PoS has 2.67mm monthly active users across gaming, DeFi, payments, NFTs, social, and more.
💸 Polygon recorded ~1 Bn txns and currently powers more than 3mm transactions per day (2.5x that of Ethereum).
⛽️ The low-cost ecosystem (Polygon’s avg. $0.028 vs Ethereum’s avg. $21 per transaction) opens doors to a whole different scope for user behaviour. With the average address signing more than 10 avg. txns/ day, #DeFiforAll and blockchain gaming is coming into existence.
3k+ dApps deployed, including prominent web3 names - Uniswap, Aave, Aavegotchi and many more.
5 dApps had more than 100k active users over the last year, with QuickSwap leading the way, nearing 1 mm unique addresses.
DeFi applications proved to be the most active, with four of the top five being DeFi related.
P2E games - Arc8, REVV Racing and Pegaxy saw a meteoric rise in the closing stages of the year, alongside steady traction by established names like Aavegotchi and Decentral Games.
Since OpenSea’s deployment on Polygon six months ago, nearly 1 mm unique addresses have bought over 5.1 mm NFTs. Today, more NFTs are sold on OpenSea Polygon than Ethereum.
🎮 Game-based NFTs lead the way, with DeRace, ZED Run, Embersword, Aavegotchi, and Riot Racers collections leading the way.
🎨 Many premier NFT collections also selected Polygon as their choice, including the record-breaking Dolce Gabbana drop, as well as Clinique, Leo Messi, Draftkings, Stephen Curry, and more.
New creators reached an all-time high last month to 7.2k. New developers have more than doubled (+110%) over the last four months.
The active new contracts (more than 30 transactions) matches the increase in contract deployment and has sustained a healthy throughout of ~5k contracts.
The official Polygon Bridges - PoS and Plasma bridges have performed well throughout the year - being the de-facto fast, safe and secure first-party bridging solutions for cross-chain assets with more than $20 billion in inflows over the year. The Ether bridge posted an additional $8 billion of inflows.
📊 According to DappRadar’s rankings - the PoS Bridge has remained strong in the top half a dozen applications on Ethereum by user count (~4k net depositors daily)
For in-depth weekly analysis threads, view our Analytics resources on GitHub. View all the latest announcements and updates about Polygon on our Blog post.
We are happy to welcome you to our official Discord server or answer your questions via GitHub Discussions. Thanks for reading! 🤝