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Messari: Polygon’s daily active addresses increased 47.6% quarter-on-quarter in the second quarter

CointimeCointime2024/07/28 03:10
By:Cointime

Messari has released its Q2 report on Polygon. The daily active addresses on Polygon have reached 1.2 million, an increase of 47.6% compared to the previous quarter, with an average of 4.1 million transactions per day, an increase of 3.9% compared to the previous quarter. The average transaction fee for Polygon PoS has dropped to $0.01, a decrease of 41.1% compared to the previous quarter. The revenue for Q2 on Polygon (from network transaction fees) has decreased to $4 million, a decrease of 40.6%. Games continue to lead in Q2 2024, with an average of 382,000 daily active game addresses, an increase of 85% compared to the previous quarter. The total locked value (TVL) of Polygon PoS DeFi is $1 billion, a decrease of 22.9% compared to the previous quarter. However, the TVL measured in MATIC has increased by 38.1% to $1.8 billion, indicating that the decrease in USD is due to the decline in MATIC prices rather than net capital outflow. The market value of stablecoins on Polygon PoS continues to grow, reaching $1.8 billion, an increase of 17.5% compared to the previous quarter.

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