POLY

Polygon Overcomes BNB Chain for Daily Transactions Per Week

by BSCN

December 25, 2022

For just the second time in 2022, Polygon eclipses BNB Chain in the transactions metric.

Polygon Txs Surpass BNB Chain

Polygon eclipsed BNB Chain in average daily transactions for the week of Dec. 18, pushing nearly 3 million transactions per day. This is the second time Polygon has surpassed BNB Chain for this metric in 2022.

The most recent transaction influx arose partly from the launch of ex-US President Donald Trump’s NFT collection on Polygon. Mr. Trump’s NFT sale drew several large sales, with the highest going for the equivalent of over $22,000 USD.

Polygon surpassing Binance Chain in daily transactions per week is another reason I’m bullish on $MATIC #Polygon #BNB #BSC #MATIC #Binance pic.twitter.com/F36pHnWZuD
— Elite Crypto (@TheEliteCrypto) December 24, 2022

Data from Nansen also shows that over 332,000 users minted NFTs over the past week on Polygon, a significant uptick from the previous weeks.

332,000+ users minted or traded NFTs on #Polygon last week 🔥 pic.twitter.com/ISpIInCZfj
— Nansen 🧭 (@nansen_ai) December 19, 2022

Polygon has also had a marquee year for partnerships, linking with Instagram (Meta), Reddit, Starbucks, Disney, and more. The competition with BNB Chain has only just begun.

What is Polygon:

Polygon (formerly known as MATIC) is an Ethereum-based scaling solution network that tackles the fundamental high gas fee and congestion issues of the Ethereum blockchain. The effectiveness of Polygon as an alternative to generic Ethereum has seen existing projects such as Aave, Curve adopting its chain.

Recently, the platform announced the launch of the Polygon SDK. The SDK will be the framework developers will use to build decentralized applications (DApps) on the network.