Polygon (MATIC) is no exception, posting modest daily gains as the cryptocurrency market seems to be stuck in the tug-of-war between bears and bulls, but has been trading in a largely sideways pattern for most of the week.
What’s next for Polygon (MATIC) reaching 200 million addresses?
It did not affect Polygon’s performance in other areas, such as the number of unique addresses on its network, which recently exceeded 200 million, according to PolygonScan data received on December 23.
Specifically, the total number of distinct addresses on Polygon’s Proof-of-Stake (PoS) blockchain reached an all-time high (ATH) of 201,229,465 as of December 22, increasing by 204,822 daily as the chart shows.
Since December 1, the Polygon chain has been enriched with 4,592,125 unique addresses, meaning that an average of 208,737 new addresses were created every day in the last month of 2022.
Unique addresses in Polygon. Source: Polygon Scan
Close to three million daily transactions as the final testnet becomes available
At the same time, Polygon’s transaction history shows that the number of transactions using MATIC as of December 22 is now close to three million, or 2,993,744, although much lower than ATH of 9,177,310 recorded on June 16, 2021.
Daily operations in Polygon. Source: Polygon Scan
On top of that, the PoS blockchain recently launched the final testnet for an upgraded version of the zkEVM (short for “zero-knowledge Ethereum Virtual Machine”) solution with the aim of running any smart contract seamlessly from the underlying network.
As the developers noted:
“Researchers at Polygon introduce pioneering use of recursion in a zkEVM and this results in bulk clustering. Additionally, an optimized proofer now generates proofs for a batch in less than 4 minutes (more than 10 minutes).”
Along with additional optimizations planned for the future, the Polygon team said the final testnet will allow Polygon zkEVM to “flex its muscles and provide faster throughput for Ethereum users at a lower cost.”
MATIK price analysis
Meanwhile, the price of Polygon’s native token currently stands at $0.8039, recording a 1.66% increase over the previous 24 hours, but still 6.21% on its weekly chart, according to data from December 23. it measures 5.96% losses on its monthly chart.
Polygon 24-hour price chart. Source: Finbold
With a market cap of $7.02 billion, Polygon remains the 10th largest cryptocurrency by this indicator, according to the latest data from crypto tracking platform CoinMarketCap.
Meanwhile, Polygon’s recent achievements, provided they are coupled with the positive crypto and macroeconomic situation, could be just what the token needs to make the previously set “strong rally in 2023” or at least meet the community’s expectations for a 12.14 percent increase.
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