Polygon

Polygon, formerly known as MATIC network, is a layer-2 scaling solution created in 2019 to address several limitations in the Ethereum blockchain, such as transaction speed, throughput, and gas fees.

It was originally designed as a scaling solution, but it rapidly evolved into a multi-purpose ecosystem that’s been receiving a lot of attention. A layer-2 soluction is a blockchain that runs parallel to a mainnet, in Polygon’s case, Ethereum, but processes transactions outside of the mainnet, resulting in an increased throughput (transaction speed) and lower gas fees.

Approach and methodlogy

In this report we are going to have a look at daily transactions and unique addresses on Polygon. This report will have a look into:

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

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I wil use polygon.core.fact_transactions data base in order to get the metrics required.

Results

• This charts shows the daily and cumulative transaction volume and the daily and cumulative unique users on Polygon since 1st of July.
• The day with more transaction volume volume was July 5th with +2,8M transactions.
• From 1st of July until today more than 29M transaction were done in Polygon.
• From 1st of July until today more than 2,5M unique users have done a transaction Polygon.