Polygon briefly overtakes Ethereum for active addresses after 330% surge

His statistics show that Polygon had 3511,000 active addresses daily on Sept. 27, while Ethereum had 326,000.

According to protocol co-founder Mihailo Bjelic, the number of active special addresses daily on Polygon has actually surpassed those on high-fee layer one Ethereum.

Another turning point for @ 0xPolygon For the very first time, we have actually eclipsed Ethereum L1 daily active addresses! This is just the start. We work round-the-clock to enhance our tech and reinforce our environment. This will increase adoption. Lets make Ethereum an international platform! pic.twitter.com/K4sAF1y3LT
— Mihailo Bjelic (@MihailoBjelic) September 29, 2021

According to Etherscan, Ethereum has 170.8 million cumulative special addresses as of Sept. 29, while Polygon had 89.3 million overall district addresses the other day. Matic was introduced in February and rebranded as Polygon. This indicates that its development happened in a much shorter amount of time.

Over the last 3 months, Polygons active addresses have actually increased 330% while Ethereums have actually decreased by 12%.

This year, layer two protocols saw a tremendous growth and one of them quickly exceeded the network it is a scaling option to in terms of active addresses.

DeFiLlama reports that Polygons total value of all procedures is $4.81 trillion. Nevertheless, it has actually seen more than half its development since the mid-June peak of $10.54 billion. Flash loan platform Aave, which holds $1.77 billion TVL (37%), is the most popular protocol.

According to Polygonscan the variety of active addresses soared on Sept. 20 and hit a peak at 426,586 by the 27th, prior to dropping somewhat to 385 7,740.

According to Polygonscan, Polygon currently has more transactions than Ethereum layer one. There were 5.7 million transactions for Sept. 29, compared to the 1.1 million recorded for Ethereum layer 1. This is due to Ethereums increased fees, which have increased recently.

According to Etherscan, Ethereums day-to-day active addresses count was 457.402 on Sept. 29, so they are fairly equally matched.

Related: DeFi boom continues to increase the variety of Polygon active users by 75,000

Polygon was backed by billionaire investor Mark Cuban in May. According to CoinGecko, its native token, still called MATIC has actually seen 5.2% in the previous 24 hours and reached $1.14.

In recent days, Ethereum transaction fees have actually risen again which has led to an increase in layer 2 procedure activity. Bitinfocharts presently reveals that the typical deal price for Ethereum is around $23. According to Etherscan, more intricate operations like wise agreement interactions or DEX token switching can cost up to $66 in gas.
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Another turning point for @ 0xPolygon For the first time, we have actually eclipsed Ethereum L1 daily active addresses! According to Etherscan, Ethereum has 170.8 million cumulative special addresses as of Sept. 29, while Polygon had 89.3 million overall district addresses the other day. According to Polygonscan, Polygon presently has more deals than Ethereum layer one. There were 5.7 million deals for Sept. 29, compared to the 1.1 million tape-recorded for Ethereum layer 1. In current days, Ethereum transaction fees have actually increased again which has actually led to a boost in layer 2 protocol activity.

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