• Tue. Jun 25th, 2024

Polygon Network Sees Growth in Terms of Revenue and Daily Active Users

Hassan Mehmood

ByHassan Mehmood

Feb 27, 2022

The Polygon Network is currently making waves in the crypto community with the latest record statistics broadcasts. Polygon Network that was previously known as MATIC has reached the top number of active user base recently. The data projections from Twitter trackers postulates that the amount of daily revenue generated on the network has also recorded another ATH.

Polygon has been known for its resource abundance and low gas transaction fees among investors. Many blockchain users also pay attention to the EVM or Ethereum Virtual Machine compatibility feature. There are several dApps projects on the network that are thought to have contributed to making the project a raving success.

One Twitter user by the name of RaphealSignal recently posted detailed projections for the Polygon network. According to his data, the number of daily active users has increased by 36% starting the first week of 2022, with an impressive impact. Furthermore, other records breaking statistics fall in mean transaction cost generation and summation of total revenue from all Polygon projects.

Co-founder of Polygon Sandeep Nailwal recently posted on Twitter that these new record-breaking updates are becoming more and more common occurrence for the network. Meanwhile, there are some other areas where the network still needs to pay some attention like highlighted by RaphealSignal. The daily transactions and dominated value tied in USD for liquidity pools have remained in a stagnant position.

The GameFi protocols hosted by the Polygon network have become some of some successful projects on the ecosystem. One of the most popular games named Sunflower Farmers, has attracted a great number of new users due to its play-to-earn mechanism. Furthermore, the game also played an important role in incrementing the Polygon gas fees.

On the other hand, several gaming projects have been gaining traction among investors running from Polygon. At the moment, 6 out of the top 10 most successful projects on Polygon are from the GameFi genre. Sunflower Farmer has allowed the network to reach a record number of active and contributing addresses recently.

Hassan Mehmood

Hassan Mehmood

Hassan Mehmood, a valued writer at Big Trends Signals, uses his profound online trading expertise to produce in-depth guides and unbiased reviews, enabling traders to navigate digital marketplaces efficiently.

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