Polygon Sees Significant Increase in New Addresses Created on Its Network
Polygon, a layer 2 scaling solution for Ethereum, has experienced an increase in the number of daily new addresses created on its network. This reflects a shift in the digital asset industry as Proof of Stake (PoS) adoption grows. Despite keeping a low profile this year, Polygon’s statistics demonstrate that its address count has been steadily increasing and has defied the price actions of MATIC. According to data shared by crypto analyst and trader Ali Martinez, the number of new MATIC addresses created on the Polygon network daily on May 22nd was 556 addresses, a level last seen in February 2021. Additionally, the total count of addresses on the network has surged by 10.68% since the beginning of the year, reaching over 1.83k. According to Glassnode charts, the address count has experienced almost 40% growth over the past year.
Polygon recently announced optimizations to zkEVM, which is expected to reduce fees by approximately 20%. The move is expected to attract new users to the network. In addition, Polygon’s zkEVM statistics demonstrate that it has attracted over $14.26 million in total value locked (TVL) since launching in March, while unique addresses and depositors have also surged. Polygon also recently teamed up with US payment giant Mastercard, along with other Web3 and blockchain players.