October 2022 – Polygon Chain Hit the Record in Active Wallets Per Month – The Daily Hodl

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Key data

  • Polygon chain hit the record in active wallets per month. This value reached 8,225,916.
  • The average number of unique active crypto wallets per day increased by 54.8% in October.
  • Average number of Polygon transactions per day decreased by 3.7%.
  • The average daily block size has been decreasing for more than six months.
  • Average Polygon gas price increased by 27.4% in October because of the chain activity.
  • The number of ERC-20 tokens created in the Polygon network in October decreased by 21.9%.
  • Average number of Polygon blocks per day decreased by 0.6%.

Polygon transaction statistics

  • Average number of Polygon transactions per day decreased by 3.7%.

The number of Polygon (MATIC) transactions in September was 81,357,498, with average daily volume of 2,711,916 transactions. In October, the total number of Polygon transactions was 80,988,446, with average daily volume of 2,612,530 transactions. Compared to September, the average number of transactions per day in October decreased by 3.7%.

Polygon average number of transactions per day

In October, the highest average number of transactions was made on the third with a peak of 2,978,353, which is 33.4% higher than the average value in October.

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Polygon transactions peak – October 2022

Polygon block statistics

  • The average daily block size has been decreasing for more than six months.
  • Average number of Polygon blocks per day decreased by 0.6%.

In October, the Polygon ‘average number of blocks per day’ chart shows a decrease of 0.6% in the average number of blocks per day. The average number of Polygon blocks per day in September was 41,307, and the average number of Polygon blocks in October was 41,044.

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Polygon average number of blocks per day – September 2022

A smaller number of blocks mined in the Polygon network in October was observed on the 18th. The rest of the month passed without significant peaks.

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Polygon blocks per day – October 2022

In September, the average block size was 1.8 Gb. In October, this value was 1.7 Gb. The average size of blocks mined per day decreased by 6.7% continuing the trend of decreasing the average block size in the Polygon chain.

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Polygon average daily block size

The Polygon ‘total block size per month,’ Gb chart shows that the total block size in September was 50.4 Gb. In October, it was 51.6 GB. The value has decreased by 3.4%.

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Polygon total block size per month

Polygon gas prices statistics

  • Average Polygon gas price increased by 27.4% in October because of the chain activity.

In September, the average Polygon gas price was 119.9 gwei. In October, it was 152.8 gwei. The gas price increased by 27.4%.

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Polygon average gas price per month

The highest price of gas in October was recorded on the 25th and amounted to 364.7 gwei. This is the highest gas price recorded in the network for the last three months.

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Polygon average gas price per day – October 2022

Polygon new smart contracts statistics

  • The number of ERC-20 tokens created in the Polygon network in October decreased by 21.9%.

The number of ERC-20 tokens created on the Polygon network in October was 3,634. In September, this figure was 4,429. It decreased by 21.9%.

Polygon active addresses statistics

  • In October, the average number of unique active crypto wallets per day increased by 54.8%.
  • Polygon chain hit the record in active wallets per month. This value reached 8,225,916.

In September, the average number of unique active crypto wallets per day in the Polygon blockchain was 283,785. In October, this figure was 439,359, so it is a huge decrease of 54.8%.

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Polygon average number of daily active wallets

In October, the Polygon network recorded the highest value of the number of active wallets per month. This value reached 8,225,916 – up 141.1% from the previous month.

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Polygon active wallets per month

A number of daily active smart contracts decreased by 2.6% This value in September was 21,043. In October, it was 20,501.

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Polygon average number of daily active smart contracts

Stablecoins metrics

  • Market capitalization of USDC in the Polygon chain is $42,748,399,591.00 at the moment of the publication.
  • Number of USDC holders increased by more than 10% during the month and is at 988,892.
  • Market capitalization of UST in the Polygon chain is $69,547,662,918.00 at the moment of the publication.
  • Number of USDT holders increased and hit the record of 1,000,000 addresses – it is 1,014,480 now.
  • Market capitalization of DAI in the Polygon chain is $5,787,167,696.00 at the moment of the publication.
  • Number of USDC holders has increased by more than 15% during the month and equals 697,007.

There is a positive trend.

Protocol dynamics

The total supply of all tokens in the Polygon network in the AAVE lending protocol continues to grow rapidly and surpassed the $100 million mark, showing an increase of more than 10% in October.

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Data-driven conclusions

October was an interesting month for the Polygon network. As the record in the number of active wallets per month was broken, the number of holders of top stablecoins in the network is growing rapidly, which means that there is an increase in activity and user interest in the Polygon blockchain. Meanwhile, the overall indicators on all charts continue to slightly decrease, continuing the bearish trend.


Max Nekoz is the data analyst and senior innovation manager of the real-time DeFi explorer AnalytEx by HashEx. Max is a crypto enthusiast and has been analyzing blockchains for over five years. For more than two years, he has been working at HashEx Blockchain Security and is actively developing the company’s products.

 

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/solarseven/Nikelser Kate

The post October 2022 – Polygon Chain Hit the Record in Active Wallets Per Month – The Daily Hodl appeared first on BitcoinLinux.