Polygon (MATIC) Network Activity Spikes to Record-Breaking Numbers, Here’s Why

MATIC

Polygon (formerly Matic Network) Hits All Milestones in Active Accounts and Daily Network Revenue

Polygon (MATIC), one of the most resource-efficient and cost-effective EVM-compatible blockchains, witnesses an unparalelled spike in its activity. Which dApps are responsible for this upsurge?

Polygon (MATIC) network activity targets 500,000 daily addresses

According to comprehensive statistics shared by Polygon researcher Raphael Signal (@RaphaelSignal on Twitter), the number of daily active addresses on Poygon (MATIC) increased by 36% in the first week of 2022.

Also, in recent days, its aggregated revenue and average transactional cost indicators more than tripled. As such, a new record is registered when it comes to revenue.

Polygon co-founder Sandeep Nailwal noted that his product has set record after record:

@0xPolygon sets ATHs in active addresses and revenue. Has become too boring, nothing new in it.

At the same time, some other indicators (net number of transactions per day and volume of USD-denominated liquidity income via bridges) remain stable.

Not only Sunflower Farmers

This impresseive spike of Polygon (MATIC) activity should be attributed to the euphoria around its GameFi protocols. As covered by U.Today previously, the increased popularity of Sunflower Farmers play-to-earn protocol catalyzed Polygon fees.

The game has become the most popular dApp across all platforms. On top of that, 6 of the top 10 apps on Polygon (MATIC) come from the GameFi sphere.

Surprisingly, Sunflower Farmers is not the most popular game on Polygon (MATIC) in terms of active onboarded wallets; TOWER token’s ecosystem managed to attract 20% more users.

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