Eden

Planet

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Galxe

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 <p class="is-style-lead">According to Nansen’s data, Polygon has experienced “<a rel="noopener noreferrer nofollow" title="consistent" href="https://thebittimes.com/tag/consistent.html">consistent</a> <a rel="noopener noreferrer nofollow" title="growth" href="https://thebittimes.com/tag/growth.html">growth</a>” last quarter.</p>
 <p>One of the key highlights in the report, published by a blockchain data platform Nansen, showed that daily transactions for Q3 2023 peaked at 2.8 million transactions.</p>
 <h2 class="wp-block-heading" id="an-enduring-user-base">An enduring user base</h2>
 <p>As per the data, daily active addresses on the Polygon network (MATIC) showed stability during the third quarter of 2023, fluctuating within the range of 275,000 to 466,000.</p>
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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">Our @0xPolygonLabs Quarterly Report is now out!<br><br>Polygon has shown <a rel="noopener noreferrer nofollow" title="consistent" href="https://thebittimes.com/tag/consistent.html">consistent</a> <a rel="noopener noreferrer nofollow" title="growth" href="https://thebittimes.com/tag/growth.html">growth</a> last quarter with diverse collaborations and is set to amplify its impact with future developments like Polygon 2.0<br><br>Here's the summary which includes onchain insights and a link to the <a rel="noopener noreferrer nofollow" title="report" href="https://thebittimes.com/tag/report.html">report</a>… pic.twitter.com/nUyTz1La1t</p>— Nansen (@nansen_ai) November 13, 2023
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 <p>At the same time, the average daily gas fee for transactions on Polygon reached its highest point at $0.05 during the quarter, with fees generally fluctuating between $0.01 and $0.05. For context, Ethereum (ETH) experienced more significant variations in fees, ranging between $1.95 and $15 during the same period.</p>
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 <p>When it came to projects, Chainlink (LINK) took the lead on Polygon, recording 47.08 million transactions, followed by Galxe with 8.29 million transactions and Planet IX with 7.52 million transactions. Noteworthy contributions were also observed from Stargate, LayerZero, Tether, and USDC.</p>
 <h2 class="wp-block-heading" id="enhancing-integration">Enhancing integration&nbsp;</h2>
 <p>This release comes three days after&nbsp;the announcement&nbsp;that Magic Eden has unveiled additional <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> aimed at bolstering its support for the Polygon network.&nbsp;</p>
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   <div class="rll-youtube-player" data-src="https://www.youtube.com/embed/dq0r003HHRw" data-id="dq0r003HHRw" data-query="feature=oembed" data-alt="Polygon Labs Wants to Prove the Value Proposition of Blockchain"></div>
   <noscript><iframe title="Polygon Labs Wants to Prove the Value Proposition of Blockchain" width="1020" height="574" src="https://www.youtube.com/embed/dq0r003HHRw?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
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 <p>The NFT marketplace is also adding an aggregation tool and royalty enforcement that are expected to optimize the user experience.</p>
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> NEAR and Polygon partner to innovate on zero-knowledge proofs
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/polygon-shows-consistent-growth-in-q3-nansen-reports-tbt70126.html">https://thebittimes.com/polygon-shows-consistent-growth-in-q3-nansen-reports-tbt70126.html</a></p>

Polygon shows ‘consistent growth’ in Q3, Nansen reports

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