Daily Transactions and Unique Addresses

Question

• Count and plot the number of daily transactions and unique addresses on Polygon, beginning July 1, 2022.

  In your estimation, discuss whether Polygon is still growing, has reached a plateau, etc.

In this dashboard, for a more detailed review, the number of daily transactions and the number of unique addresses of the Polygon network are compared with other chains.

Data Analysis

The chart below shows the number of daily transactions on the Polygon network and other networks.

Among the following networks, Polygon ranks first in terms of the number of daily transactions. Ethereum and Algorand are in the second and third places, respectively.

The highest number of daily transactions on the Polygon network was recorded on July 5. On this day, 2.82M transactions were recorded on the Polygon network. Among these networks, the lowest number of transactions is related to the BSC chain.

According to the cumulative chart below, Polygon's daily transaction growth rate is higher than other chains.

Contrary to the number of daily transactions, in terms of the number of unique addresses, after Ethereum, Polygon ranks second.

In addition, according to the cumulative chart below, the Polygon network is also second only to Ethereum in terms of increasing the number of unique addresses.

Checking the number of transactions of the Polygon network from the beginning until now shows that the maximum number of transactions recorded in one day (June 16, 2021 → 9.16M transactions) is more than 4 times the number of transactions in July 2022. Therefore, the number of daily transactions is currently much lower than its maximum value.