Polygon Network has shown solid resilience in the difficult period of crypto assets plunging in value. According to its Q2 report, the Ethereum scaling platform witnessed steady growth in the number of network addresses and transaction volume despite the broader market selloff during the same period.
Steady Growth in the Winter
Known as a sidechain scaling solution for the Ethereum Network – often criticized for its high transaction fee due to traffic congestion – Polygon acts as a much cheaper alternative. Its average cost of transactions fell 49% to $0.018 QoQ, as shown in the Q2 report.
Meanwhile, the total unique addresses on the network amounted to 5.34 million, up 12% from Q1, as the total transaction volume reached $284 million, a slight increase of 4% compared to the previous quarter.
It’s worth noting that a key metric for blockchain protocols attempting to challenge or complement the Ethereum blockchain is the number of devs working within the ecosystems. For Polygon, the...
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