Polygon chain hits a record for active wallets per month - 2022 Oct

The numbers

• Polygon chain hits a record for the number of active wallets per month. This value reaches 8,225,915.
• The average number of daily active crypto wallets increased by 54.9% in October.
• Polygon's average number of transactions per day decreased by 3.8%.
• The average daily block size has been decreasing for over six months.
• Average gas prices in Polígono rose 27.4 percent in October due to chain activity.
• The number of ERC-20 tokens created on the Polygon network in October fell by 21.89%.
• The average number of polygon blocks per day decreased by 0.6%.

Transactions

• Polygon's average number of transactions per day decreased by 3.7%.

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

Average number of polygon transactions per day

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

Polygon Transaction Peak: October 2022

Blocks

• The average daily block size has been decreasing for over six months.
• The average number of polygon blocks per day decreased by 0.6%.

In October, Polygon's 'average blocks per day' chart showed a 0.6% drop in average 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.

Average number of polygon blocks per day - September 2022

Day 18 saw fewer blocks mined on the Polygon network than in October. The rest of the month passed without significant spikes.

Polygons per day – October 2022

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

Polygon's average daily block size

Polygon's "total block size per month" Gb chart shows a total block size in September of 50.4 Gb. In October it was 51.6 GB. Value fell 3.4%.

Total polygon block size per month

Gas Prices

• Average gas prices in Polígono rose 27.4 percent in October due to chain activity.

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

Average gas price per month in polygon

The highest gas price in October was registered on the 25th and amounted to 364.7 gwei. This is the highest registered gas price in the past 3 months.

Average gas price per day in polygon – October 2022

The new Smart contracts

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

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

Polygon active address

• In October, the average number of daily active crypto wallets increased by 54.8%.
• Polygon chain hits a record for the number of active wallets per month. This value reaches 8,225,916.

In September, the average number of daily active unique crypto wallets on the Polygon blockchain was 283,785. In October, the number was 439,359, a sharp drop of 54.8%.

Average daily active wallet polygons

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% month-on-month.

Polygon wallet active month by month

Some daily active smart contracts are down 2.6%. This value for September is 21,043. In October, there were 20,501.

Average daily active smart contract polygons

Stablecoin Data Analysis

• The market capitalization of USDC on the Polygon chain is $42,748,399,591.00 at press time.
• The number of USDC holders has increased by more than 10% for the month and is at 988,892.
• The market capitalization of UST on the Polygon chain is $69,547,662,918.00 at press time.
• The number of USDT holders increased and reached a record of 1,000,000 addresses; now it's 1,014,480.
• The market capitalization of DAI on the Polygon chain is $5,787,167,696.00 at press time.
• The number of USDC holders has increased by more than 15% for the month and is at 697,007.

There is a positive trend.

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

conclusions based on data

October is an interesting month for the Polygon network. As the record for the number of active wallets per month has been broken, the number of holders of major stablecoins on the network is growing rapidly, which means user activity and interest in Polygon Blockchain is also on the rise. Meanwhile, headline indicators across all charts continue to decline slightly, continuing their downtrend.

Nov 16, 2022