• Daily active addresses jumped 63% in a month’s time. 
• Polygon clocked the third-highest NFT sales volume over the past week.

Proof-of-stake (PoS) network Polygon [MATIC] witnessed a heavy rush of users over the past month.

User engagement spikes on Polygon

According to AMBCrypto’s examination of Artemis data, network participation started to rise in the last week of 2023, with momentum continuing into 2024.

Daily active addresses increased to 678K on the 11th of January, up 63% in a month’s time. Besides, when measured over a year’s period, the active user base more than doubled.

That being said, the demand for blockspace has dramatically reduced since the start of 2024. The transaction count on the PoS network tumbled 62% year-to-date (YTD), as per AMBCrypto’s analysis of Santiment data.

On the plus side, the number of new addresses maintained the positive pace seen previous year, implying healthy network adoption.

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Author: Aniket Verma

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