Polygon’s Daily Activity Addresses Reach an All-Time High

• Polygon’s daily active addresses reached an all-time high on Oct. 12.
• MATIC’s price is bearish at press time.
• Despite this, Polygon is currently leading the way in the industry.

According to data provided by Santiment, the number of Polygon’s daily active addresses reached a record high of 449.67K on October 12, 2022. It has been almost 11 months after the last ATH of 425.24K on November 23, 2021.

According to the data provided by CoinMarketCap, MATIC was trading at $0.7379 at the time of writing. This is a decrease of 12.6% over the course of the previous week. MATIC’s market value was above $6.5 billion.

However, Polygon is leading the way in the blockchain sector, despite the fact that there is some bearishness in the price action. Sandeep Nailwal tweeted on Polygon’s developing gaming ecosystem. According to the tweet, Polygon is the most significant blockchain in the game industry.

In addition, Polygon is capturing the attention of top-tier businesses, which positions it as the blockchain partner that is most commonly desired. The most effective scaling solution for Ethereum has seen widespread adoption from major corporations, including the American National Football League (NFL), Adobe, DraftKings, Reddit, Disney, and Starbucks, amongst others.

Sandeep Nailwal declared in a series of tweets that the Polygon blockchain protocol is now being utilized by the police in the city of Firozabad in the state of Uttar Pradesh India to combat local police corruption and crime.

Moreover, Polygon has just released its brand-new zkEVM, which is a layer 2 extension to Ethereum that tackles scalability difficulties by combining the execution of several bulk transfer transactions into a single transaction.