💥💥💥 Polygon Leads Crypto Network Growth, New Addresses Surge Over 1,000%
- Polygon saw the most significant growth among blockchain networks, with a 1,019% rise in new addresses over the past 30 days. Wrapped Ether (WETH) on Polygon also surged by 263%, while #LayerZero on Optimism and Arbitrum posted impressive gains. #Stablecoins like USD Coin and Tether continued to grow steadily across multiple platforms.
Polygon Leads with Over 1,000% Growth
- According to a recent report by Santiment, the Polygon Ecosystem experienced an extraordinary increase in new addresses, climbing by 1,019%. This growth puts Polygon at the forefront of network expansion, driven by its scalability and lower transaction costs, making it increasingly popular for decentralized applications and token exchanges.
#WETH on Polygon and LayerZero Surge
- Following Polygon’s lead, Wrapped Ether (WETH) on the platform saw a 263% increase in new addresses. WETH has become a go-to asset for liquidity and DeFi operations on Polygon, further driving its adoption.
- LayerZero, an omnichain interoperability protocol, also showed substantial growth. On Optimism, LayerZero grew by 254%, while on Arbitrum, it saw a 219% rise in new addresses, showcasing its growing influence on Layer 2 platforms.
Stablecoins and DeFi Tokens Show Steady Growth
- Stablecoins such as USD Coin (USDC) and Tether (USDT) continue to see strong demand. USDC on Polygon jumped by 171%, while on Arbitrum, it grew by 125%. Similarly, Tether on Arbitrum increased by 119%, reflecting the growing demand for liquidity in Layer 2 networks.
- Other notable tokens include PancakeSwap's CAKE, which rose by 150%, and FRAX on Polygon, up by 129%. These increases highlight the continued expansion of decentralized finance across multiple protocols.
Source -cryptonewsland.com
