The Polygon network is seeing a significant increase in the number of new addresses every day.According to the famous cryptocurrency analyst Ali Martinez, 556 new MATIC addresses are established on the Polygon network every day, marking a major milestone not seen since February 2021. This indicates increasing user interest and interaction with the system. Polygon ecology.
Number of new Polygon addresses | Source: Glassnode
The steady increase in the number of addresses on the network indicates a positive trend that is likely to recover from the MATIC price action. Despite price fluctuations, the number of addresses continues to increase, demonstrating the growing traction of the Polygon network. At the beginning of the year, the total address was more than 1.66 million. However, recent statistics show that the increase has been significant, and it has now exceeded 1.83 million, an increase of up to 10.68%.
The proliferation of new addresses on the Polygon network fits into the broader digital asset market landscape, which is undergoing revolutionary changes, primarily driven by the usage of digital assets. More and more proof-of-stake (PoS) systems. While discussions around ethereum and layer-2 networking dominated the space, Polygon remained relatively quiet. However, the recent addition of new addresses shows that Polygon is now gaining traction and success.
These promising statistics are complemented by Glassnode, a leading on-chain analytics platform. Their data shows that the number of addresses on the Polygon network has increased by about 40% over the past year. The surge in addresses indicates a growing user base and growing interest in Polygon’s services.
To further strengthen its position in the market and attract new customers, Polygon recently announced enhancements to zkEVM, a layer 2 scaling solution. These improvements are expected to reduce costs by about 20 percent, making the network more accessible and attractive to potential users. By offering more cost-effective solutions, Polygon aims to increase market share and expand its user base.
The positive momentum also extends to the network’s zkEVM statistics. Since its launch in March, zkEVM has accumulated a total value locked (TVL) of $14.26 million, with a significant growth of 19.7% in the number of unique addresses. There was also a notable 15% increase in deposits, further underscoring the growing interest in Polygon’s services.
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according to Kyptos