Polygon PoS’s daily transactions fell by 2% QoQ
Defying the NFT winter, Polygon’s average weekly trading volumes surged by 131% QoQ
Polygon’s ecosystem had an exciting Q3, with a lot to talk about in terms of advancements, new features, and overall network activity.
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Polygon’s network activity remained stable
According to on-chain analytics firm Messari’s new report, the Polygon proof-of-stake (PoS) chain recorded a 1.4% hike in daily active addresses over the last quarter. A majority of the addresses were linked to decentralized finance (DeFi) activities, while the gaming sector saw a considerable drop in the overall share since Q1.
Source: Messari
On the other hand, a marginal dip in network traffic was seen. Polygon PoS logged a daily average of 2.3 million successful transactions in Q3, down 2% quarter-over-quarter (QoQ). However, the trajectory has been relatively stable over the past two quarters of 2023.
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