Polygon Q4 Transaction Volatility Fueled by FTX Collapse, ZK Rollup Testing, Nansen Says

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Polygon Q4 Transaction Volatility Fueled by FTX Collapse, ZK Rollup Testing, Nansen Says
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According to a report by nansen_ai, 0xPolygon saw a surge in daily addresses, partly due to the launch of Polygon’s zero-knowledge EVM public testnet. There were also new partnership deals with Starbucks and Instagram. cryptauxmargaux reports

Polygon, an Ethereum scaling tool, saw wide swings in daily transactions and active addresses during the fourth quarter, as users scrambled to move funds during the epic meltdown of Sam Bankman-Fried’s FTX crypto exchange and the project rolled out new partnerships and initiatives, according to a new report from the blockchain analytics platform Nansen.range from 2 million to 3.7 million, while daily active addresses ranged from 350,000 to 1.7 million.

Chart on left shows how many more transactions there are on Polygon compared with Ethereum. On right, average daily "gas" fees paid were lower on Polygon. as high and more volatile during the quarter, while daily gas paid was 40 to 100 times cheaper on Polygon.

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