Polygon Q4 report: The number of active wallets based on Polygon Q4 reached a record high
According to the report, Polygon released a Q4 operation report, which said that the number of active wallets based on Polygon was on the rise. Q4 reached a record high of 11 million+, an increase of 115% over Q4 last year, and the total number of active wallets reached 206 million (an increase of 58% over 2021).
Interpretation of this information:
The report from Polygon’s Q4 operation reflects the increasing popularity of its platform as the active wallets based on the Polygon network have surged to reach a record high of 11 million+. The Q4 performance for 2021 showed a 115% increase in active wallets compared to the previous year, which is testament to the robust growth of the network. The total number of active wallets has surged to 206 million, showing a significant 58% increase when compared to the previous year.
Polygon is a popular protocol for building and connecting Ethereum compatible blockchain networks. The surge in active wallets is a positive sign for the polygon protocol as it indicates a growing number of users who find this platform appealing. By increasing its user base, Polygon is aiming to expand its footprints in the world of blockchain technology.
The increase in active wallets is significant as it suggests that while there is a growing interest in blockchain technology, there is also a demand for a more efficient and cost-effective blockchain platform. Polygon’s protocol offers open-source software, secure transactions, and efficient tools for developers to build and integrate a variety of decentralized applications.
In conclusion, the increase in the number of active wallets based on the Polygon network indicates that users are beginning to appreciate the benefits of the platform, which include more efficient and faster transactions, lower transaction costs and other benefits offered by the polygon protocol. With a growing number of developers building on the Polygon protocol, the potential for the platform’s growth is immense, and it can play a significant role in the emerging blockchain space.
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