Is Polygon is still growing? or Has it reached a plateau? Let’s find out with the help of this dashboard.

Key Metrics supporting this research:

• Transactional volume or number of daily transactions on Polygon since 1 July, 2022
• No. of unique wallets on Polygon in July 2022.
• No. of new wallets on Polygon in July 2022.

The chart below shows the number of unique wallets and number of transactions each day since July 1, 2022.

• The daily count of transactions are fairly stable on Polygon in the first few days of July. Clocking an average of 2.5M transactions per day!
• We can see a daily average of 200k unique wallets on Polygon since July 1, 2022.

We will see how many of these wallets were entirely new ones created in July, 2022. Below chart displays the daily new wallets on Polygon since July 1, 2022.

• July 6th saw the highest influx of new wallets. More than 60k new wallets were created on July 6th alone!
• An average of 40k new wallets are being created on Polygon everyday

We will see the same data over a broader time period to get an idea about the trends in Polygon activity.

Below chart displays the new wallets created daily in the past 90 days.

Conclusion:

• Daily average transactions of 2.5M is a very healthy count for a blockchain network. This shows that the chain is still relevant in the bear market.
• Polygon has seen 200k daily unique wallets since July 1, 2022. This is a very sizeable figure and shows that Polygon still has plenty of daily users.
• Polygon has seen an average influx of 40k new wallets everyday in July, 2022. This shows there is good new user interest in Polygon.
• We then see the data for the last 90 days to decide if Polygon is still growing or reached a plateau:
  • June 27th saw a heavy influx of new wallets (211k) being created suggesting that Polygon is still growing.
  • June 7th saw an influx of more than 150k new wallets suggesting that Polygon is still growing.
  • In July, we see that the daily new wallet count is stabilising around 40k mark.
  • Since reaching the 90-day high of 211k new wallets, the figure has had a steep decrease in July and plateauing around 40k.
• To conclude, we see that Polygon has been growing through June 2022 and has reached a plateau in July 2022 (so far).