{"id":45619,"date":"2021-07-06T18:43:42","date_gmt":"2021-07-06T15:43:42","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=45619"},"modified":"2025-09-01T12:08:39","modified_gmt":"2025-09-01T09:08:39","slug":"polygon-transaction-volumes-several-times-higher-than-ethereum-and-binance-smart-chain","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/polygon-transaction-volumes-several-times-higher-than-ethereum-and-binance-smart-chain\/","title":{"rendered":"Polygon transaction volumes several times higher than Ethereum and Binance Smart Chain"},"content":{"rendered":"

By the end of June, daily transaction volume in the Polygon network (formerly Matic Network) surpassed Binance Smart Chain by 2.38x and Ethereum by 6.59x.<\/p>\n

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The chart below shows the rapid on-chain activity growth in Polygon that began in April, as well as a decline in the metrics of competing ecosystems.<\/p>\n

\\\"Polygon
Daily on-chain transaction volume dynamics in the Polygon, Ethereum and Binance Smart Chain ecosystems. Data: PolygonScan, Etherscan, BscScan, ForkLog report for June<\/a>.<\/figcaption><\/figure>\n

The number of unique Polygon addresses is also rising steadily, signaling an expanding user base.<\/p>\n

\\\"Polygon
Trend in the number of unique addresses in the Polygon network. Data: PolygonScan, ForkLog report for June.<\/figcaption><\/figure>\n

Users are drawn to Polygon’s high transaction speed and ultra-low fees. The latter, according to researcher Raphael Signal, are hundreds of times lower than those on Binance Smart Chain and Ethereum.<\/p>\n

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15\/ Despite the increase in rev\/tx, we can actually see just how inexpensive @0xPolygon<\/a> is for users.<\/p>\n

~148x cheaper than BSC and
~2401x cheaper than ETH<\/p>\n

This coupled w\/ dapp adoption is IMO the primary reason for the high tx\/user noted earlier. pic.twitter.com\/f1UTbuVR0v<\/a><\/p>\n

\u2014 Raphael (@RaphaelSignal) June 29, 2021<\/a><\/p><\/blockquote>\n