Polygon’s Address Count Soars: New Milestone Reached with 556 Daily MATIC Addresses

The Polygon network has witnessed a significant surge in the daily generation of new addresses. According to crypto expert and trader Ali Martinez, 556 new MATIC addresses were established on the Polygon network each day, marking a milestone not seen since February 2021. This development sheds light on the increasing interest and engagement from users within the Polygon ecosystem.

Polygon: Number of New Addresses | Source: Glassnode

The steady rise in the number of addresses on the network showcases a positive trend, resilient against the price action of MATIC. Despite fluctuations in the token’s value, the address count has been consistently increasing, demonstrating the growing traction of the Polygon network. At the beginning of the year, the total number of addresses stood at just over 1.66k. However, recent statistics reveal a remarkable surge, with the count now surpassing 1.83k—an impressive increase of 10.68%.

The rise in new addresses on the Polygon network aligns with the broader context of the digital asset market, where a revolutionary change is unfolding, primarily driven by the increasing use of Proof of Stake (PoS) systems. While discussions around Ethereum and layer 2 networks have dominated the space, Polygon had remained relatively quiet. However, the recent surge in new addresses indicates that Polygon is now garnering attention and making its mark.

These promising statistics are complemented by data provided by Glassnode, a leading on-chain analytics platform. Their data reveals that the number of addresses on the Polygon network has grown by approximately 40% over the past year. This surge in address count signifies a growing user base and heightened interest in Polygon’s offerings.

To further solidify its position in the market and attract new customers, Polygon recently announced enhancements to zkEVM, a layer 2 scaling solution. These improvements are projected to reduce costs by around 20%, making the network more accessible and appealing to potential users. By offering more cost-effective solutions, Polygon aims to increase its market share and expand its user base.

The positive momentum extends to the network’s zkEVM statistics as well. Since its introduction in March, the zkEVM has amassed $14.26 million in Total Value Locked (TVL), showcasing a substantial 19.7% growth in unique addresses. Additionally, deposits have also witnessed a notable 15% increase, further highlighting the growing interest in Polygon’s offerings.

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