The post Polygon (MATIC) Hits 4B Transactions Milestone As Usage Spikes appeared on BitcoinEthereumNews.com.

Polygon (MATIC) has hit a new milestone for total transactions. The recent feat suggests that the network is seeing rapid adoption. The rise in activity comes despite largely uninteresting MATIC price action. The milestones keep coming hard and fast for the Polygon (MATIC) blockchain. In September 2023, the network celebrated breaching the 3 billion total transactions mark. Less than eight months later, the network has smashed yet another significant total transaction milestone, which is a sign of growing network usage and adoption. 4 Billion Total Transactions  On Friday, May 17, the Polygon (MATIC) Network surpassed the 4 billion total transactions milestone less than four years after it launched in June 2020.  For context, it took Bitcoin nearly 15 years to reach the 1 billion transaction milestone and Ethereum almost a decade to reach about 2.4 billion transactions at the time of writing. NEW: Polygon PoS has reached 4B total transactions processed. pic.twitter.com/ZifZDTqs2Z — Today In Polygon (@TodayInPolygon) May 17, 2024 The recent milestone suggests that the network has witnessed a significant surge in activity in recent months, processing a billion transactions in about eight months. This surge in activity has also been reflected in the steadily high number of daily active users on the network. See Also: Venezuela Banned All Crypto Mining Activities To Prevent Grid Overload Since March 19, the network has averaged over 1 million daily active users, an over 60-day streak. Per DappRadar data, popular dApps drawing this traffic over the past 30 days include Matr1x, a mobile-first play-to-earn shooting game, Galxe, a burgeoning digital identity network, and EARNM Rewards, a loyalty rewards ecosystem. The growing Polygon activity comes despite largely uninteresting MATIC price action in the past year. New Total Transactions Milestone Bullish for MATIC? Over the past year, MATIC has primarily underperformed the broader crypto…

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Filed under: News - @ May 22, 2024 7:22 am