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Polygon (MATIC) Surpassed Ethereum (ETH), Cardano (ADA) by This Major Metric: Details

Fri, 01/27/2023 - 16:30
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Yuri Molchan
Recently shared data shows that Polygon has outpaced Ethereum but still lags behind BNB Chain in this important metric
Polygon (MATIC) Surpassed Ethereum (ETH), Cardano (ADA) by This Major Metric: Details
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Chinese crypto journalist and blogger Colin Wu has shared recent data provided by Token Terminal regarding the growth of the DAU – daily active users – for various blockchain platforms. According to it, Polygon has become the second biggest one after Binance.

Polygon outdoes Ethereum, Solana and Cardano

Token Terminal data shows that the number of daily active users on Polygon has surpassed that of the second largest blockchain, Ethereum. A total of 344,000 for Polygon compare with Ethereum's 324,000. Therefore, Polygon has become the second biggest platform in DAU.

Ahead of it comes Binance Smart Chain (BSC), also known as BNB Chain, with its 781,000 daily active users.

Popular crypto YouTuber and trader Lark Davis shared a screenshot from the same source with some more details on this. His image shows that after Ethereum, next comes Solana, with 135,000 active users per day, and Near protocol with 69,000 active users on a daily basis.

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Cardano Added 50K New Wallets YTD, Is ADA Price Set to Take Off?

Cardano-themed account doubts MATIC DAU data

CEO and co-founder of Binance Changpeng Zhao (often called simply CZ) commented on Davis' post, stating that Binance is focusing on actual daily users and not on TVL (total value of assets locked) provided by several large whales only.

Cardano blockchain boasts 76,254 daily active users, according to an anonymous Cardano-themed account called ADA whale with over 125,300 followers on Twitter.

The person behind this account also doubted that the figures for at least Solana and MATIC on Davis' screenshot are correct since these are communities "with less than half our presence on here (if we're being super generous) with 5x the transactions."

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.