Polygon (MATIC) Sets All-Time Record as Nike Partnership Is Inked

Polygon

Top 10 blockchain breaks record for unique addresses the day Nike announces its integration

An all-time record was broken on the Polygon network when the number of unique addresses reached 190.95 million on 14 November. The achievement of such a huge milestone came against the backdrop of news of US sports retail giant Nike launching its own NFT marketplace. Importantly, .Swoosh, as the upcoming platform is said to be, will operate on Polygon’s infrastructure.

Nike’s choice of Polygon as the base for its NFT site does not seem surprising, given that digital assets on this particular blockchain have already managed to penetrate both Instagram and Reddit.

Polygon (MATIC) Blockchain Insights

Speaking of interesting aspects of Polygon’s performance as a blockchain, one can also highlight the steady growth in the number of active addresses on the network. On the other hand, other metrics are flat, which is generally not surprising in the current crypto market cycle.

As reported by CryptoRank, Polygon ranks third among all smart contract platforms in terms of monthly commissions collected. Its monthly revenue over the past 30 days stands at $3.4 million, up 218% from the previous similar period. Polygon is currently behind only BNB Chain and Ethereum, with values of $24 million and $114 million, respectively.

matic storage

Major partnerships and announcements around Polygon could not go unnoticed by large investors when just a week ago, the network saw its largest volume of major transactions since February 2021 with MATIC, Polygon’s native blockchain token.

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