Polygon Processes More Transactions Than BNB Chain Over Last Month

Polygon pushes nearly 100M transactions over the last month and ecplises BNB Chain heading into 2023.

Polygon Eclipses BNB Chain in Txs

Polygon processed over 3 million per over the past 30 days, maintaining a daily average higher than BNB Chain. Polygon processed over 99 million transactions compared to BNB Chain’s 98 million last month.

The difference in Polygon’s transaction count with BNB Chain could be seen as negligible––a mere 0.3% difference as shown in the data tool on Dune Analytics created by KARTOD.\

Polygon accomplished the feat with nearly 50% less of unique addresses connected to the network. Polygon boasted 360k average addresses compared to BNB Chain’s 961.1k.

The significant catalyst in the monthly activity on Polygon was the launch of the NFT project by former US President Donald Trump. Trump’s NFT collection sold out in remarkable fashion, attaining several high-profile purchases.

The achievement indicates strong demand for Polygon at the beginning of 2023 and caps the end of 2022, which saw the project build a strong network of NFT partnerships that could lead to an even bigger and brighter 2023.

What is Polygon:

Polygon is a “sidechain” scaling solution that runs alongside the Ethereum blockchain — allowing for speedy transactions and low fees. MATIC is the network’s native cryptocurrency, which is used for fees, staking, and more. The effectiveness of Polygon as an alternative to Ethereum has seen existing projects such as Aave and Curve adopting its chain.

For more about Polygon, take a look at the platform’s media handles:

Website | Twitter | GitHub | Reddit | YouTube

Source : bsc.news

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