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Polygon (MATIC) Daily Active Addresses Hit New All-Time High Soaring 300K in 5 days

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The number of daily active addresses on Polygon has surged enormously in the past few days.

On Thursday, October 13, 2022, the number of active addresses on Polygon’s PoS chain reached a new all-time high of 782,186, according to data from Polygon Scan.

Polygon Daily Active Addresses Hit New All-Time High
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The network’s daily active addresses have increased since Polygon launched the public testnet for the zkEVM. Recall that the zkEVM’s public testnet was launched on October 10, 2022, as part of an effort to improve the network’s scalability.

With developers from the community asked to test the solution and provide necessary feedback, the network’s daily active addresses rose immediately from 409,230 to 494,795. Since then, the number of daily active addresses on Polygon’s PoS chain has continued to soar, rising above 300K to a total of 782,186 in 5 days.

Meanwhile, data from the cryptocurrency analytics platform Nansen suggests that Polygon’s daily active addresses are approaching 1.2 million.

Top Brands Partner Polygon

Polygon’s consistent improvement has not gone unnoticed by top companies, who have continued to ink different partnership deals with the Ethereum scaling solution.

As reported by TheCryptoBasic, over the past 12 months, Polygon has been selected as a blockchain partner for top brands like Adobe, NFL, DraftKings, Disney, Starbucks, Mercedes, Meta, and Reddit.

MATIC, the native cryptocurrency of Polygon, is down 1.2% in the last 24 hours, with the token changing hands at $0.80 across major crypto exchanges.

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Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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