Polygon blockchain beats Ethereum on daily active users.
Polygon has daily active users of over 349.20K.
Since the start of 2023, the global cryptocurrency market has witnessed significant gripping changes. As the leading altcoin, Polygon (MATIC) joined the trend by “overtaking” the second largest crypto Ethereum (ETH) in daily active users (DAU).
This year Polygon maintains its impressive growth. And the Polygon blockchain has lifted to the second position just after Binance’s BNB chain, which recorded 803,707 DAUs. According to data aggregator Token Terminal, Polygon has daily active users of over 349.20K, which climbed by 8.4% in the last 7 days and 49.8% in the previous 180 days, while Ethereum has a DAU of around 340.97K, decreased by 18.6% in 180 days.
Polygon’s Day Active Users Chart (Source: Token Terminal)
Polygon Witnessed Massive Surge
Polygon rally comes with a crypto market upswing in January that saw the price of Bitcoin (BTC) rise by almost 40% in the last 30 days. MATIC price rallied with ‘four weeks straight green candles’. Further, Polygon’s hard fork upgrade, which occurred on 17th January 2023, maybe the reason behind the price increase. Also, Polygon announced significant partnerships and launches over the last month.
According to the CoinGecko data, Polygon surged by around 10% in the last 24 hours and 20% over the previous two weeks. At the time of writing, MATIC traded at $1.08 with a 24 hours trading volume of over $1.1 billion, which climbed 173%. Polygon holds a market cap of around $9.7 billion, which increased 8% in just a day. Further, MATIC’s price rose by 15% in just a week.
However, the largest altcoin Ethereum also beholds notable price gains. ETH traded at $1,578.66, which soared approximately 11.4% in the last 14 days and 2% from 7 days. Moreover, Aptos (APT) and Solana (SOL) are trending with remarkable price rallies. The APT price climbed by 125% in just a week, and SOL increased by around 12% in 7 days.