Polygon active addresses count briefly surpasses Ethereum after 330% surge

2021 has brought high momentum for an upward motion for layer two protocols. Polygon, a well-known layer two aggregators, has briefly overtaken Ethereum in terms of active addresses. It is using the Ethereum network as a scaling solution for itself.

Protocol co-founder Mihalio Bjelic revealed that the daily active unique addresses count on Polygon are more than the high fee layer, Ethereum. Data shows that on September 27, Ethereum had 326,000 daily active addresses while POlygon had 351,000.

Another huge milestone for @0xPolygon! 🔥

We eclipsed Ethereum L1 in daily active addresses for the first time!

This is just the beginning. We are working round the clock to improve our tech, strengthen our ecosystem and increase adoption.

Let's bring the world to Ethereum! 💫 pic.twitter.com/K4sAF1y3LT

— Mihailo Bjelic (@MihailoBjelic) September 29, 2021

As per Polygonscan, the platform that allows users to search and explore Polygon blockchain for transactions and other activities taking place on Polygon, the number of active addresses shot up on September 20. The count hit a peak on September 27 at 426,586, followed by a slight fall back at 385,740.

On the other hand, Etherscan, the data provider for Ethereum, reported that on September 29, the daily active address count for Ether was 457,402, which suggests a similar performance by the two.
In the past three months, the active address count for Ethereum has decreased by 12%, whereas it has surged 330% for Polygon over the same period.

Amazing performance of Polygon in a short period

According to data, Ethereum being the largest altcoin, is way ahead in terms of cumulative unique addresses with a count of 170.8 million on September 29. Polygon, on the other hand, only has 89 million unique addresses. However, one cannot forget the fact that Matic only rebranded to Polygon and was launched in February. So, the growth has been immense in such a short period of time.

Polygon gained a major boost in May when multi-billionaire Mark Cuban introduced it to his holdings. MATIC, the native token of Polygon, has also gained 5.2 percent over the past 24 hours to reach $1.14.

Polygonscan also reveals that protocol has a larger number of transactions with a total count of 5.7 million on September 29. Ethereum layer one’s transactions count is 1.1 million. The biggest reason behind it is Ethereum’s high fees which increased recently.