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.
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)