Polygon (MATIC) Squashes New User Activity Milestone As 2022 Approaches

Key Points:

• Scaling strategy at layer 2 In the final days of 2022, Polygon crushed a new user activity milestone. Polygon has achieved 200 million unique addresses overall, according to Polygonscan, despite the adverse market conditions observed in the year.
• Meta, the former Facebook, started experimenting with a digital collectibles feature on Instagram that let selected American creators share NFTs they had made or acquired.
• Robinhood Wallet users can exchange tokens, receive incentives, and connect to decentralized apps (dApps) without paying any network fees.

Scaling strategy at layer 2 in the final days of 2022, Polygon crushed a new user activity milestone. Polygon has achieved 200 million unique addresses overall, according to Polygonscan, despite the adverse market conditions observed in the year.

According to Polygonscan, there were 202,407,626 unique addresses as of December 25. There were 599,702 more addresses added every day. Polygon witnessed substantial cooperation in 2022, although it was a challenging year for cryptocurrency, highlighted by failures in the market and declining prices. Due in part to this, the number of unique addresses grew, reaching a high of 54% in 2022.

The launch of Reddit’s digital collectibles powered by MATIC in August was a highly successful adoption event. Over the course of time, Reddit users have produced around five million collector avatars. In May, Meta, the former Facebook, started experimenting with a digital collectibles feature on Instagram that let selected American creators share NFTs they had made or acquired.

The company said in November that all Instagram users would soon be able to create, display, and sell digital collections powered by NFTs on MATIC. This would give creators a new way to interact with and make money from their fan bases. When Robinhood launched the Web3 wallet beta in September, it selected MATIC as the network of choice.

After downloading the program’s beta version, Robinhood Wallet users can exchange tokens, receive incentives, and connect to decentralized apps (dApps) without paying any network fees. Starbucks and Polygon have announced a partnership to build the Web3-based Indian e-commerce site Flipkart as part of a strategic partnership to construct a blockchain-e-commerce center of excellence (COE).

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