Polygon Transaction Costs Drop 42 Percent, 5 Million New Addresses Created

Proof of Stake (PoS) blockchain Polygon has released its second-quarter statistics for the network. Data point to strong growth.

Ethereum’s competitor, the PoS (proof-of-stake) blockchain Polygon, second quarter published statistics. Polygon in its statistics despite the ongoing bear market in cryptocurrencies to grow pointing out.

The first evolution Polygon highlighted in its report transaction feestransaction fees in the second quarter according to statistics %49 down $0.018 it happened. Then in the second quarter 5.34 million new address created this is relative to the previous quarter 12% also represents an increase in total trading volume 4% increasing 284 million dollars and network revenues 5.56 million reached dollars.

Bridge collector on DeFi and Web3 side Bungee Exchangetrading volume in the second quarter. 972% increased by the rate. Meshswap started its operations on Polygon this quarter. 91 thousand new user and 1.06 million reached dollar trading volume.

NFT in the domain of Polygon expanded. According to the second quarter reports 1.2 million new NFT wallets It has become online on the Polygon network. Total number of NFT unique active wallets on the Polygon network 47% increasing 1.51 million it happened. new editions 50% increasing 66.65 million out to dollars. Total value of NFT transactions 64% trading volume down 47% increasing 122.45 million out to dollars.

In the Polygon report, the most significant growth was in the network. with developer events stated that he defined it. According to statistics, 90 thousand On the developer released their first contracts on the network. This is the first quarter growth rate. more than 3 times corresponded to more. Average per day on the network thousand new content creator 2.7 thousand published a new contract.

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