Layer 2 scaling resolution Polygon squashed a brand new milestone in person exercise as 2022 wrapped up. Regardless of the bearish market circumstances recorded within the 12 months, Polygon has surpassed the 200 million mark in whole distinctive addresses, in line with Polygonscan.

The full variety of distinct addresses was 202,407,626 as of Dec. 25, in line with Polygonscan, with a day by day improve of 599,702.

Though 2022 was a troublesome 12 months for cryptocurrencies, marked by business failures and falling costs, Polygon noticed important collaborations this 12 months. This helped enhance its distinctive addresses, which elevated by as a lot as 54% within the 12 months 2022.

Reddit’s August launch of digital collectibles powered by Polygon was a massively common adoption occasion. Reddit customers have created nearly 5 million collectible avatars to this point.

In Could, Meta — previously Fb — started testing a digital collectibles characteristic on Instagram, permitting chosen U.S. creators to put up NFTs that they created or bought.

In November, the enterprise introduced that every one Instagram customers would quickly be capable to mint, showcase, and promote digital collections powered by NFTs on Polygon, offering creators with a brand new methodology to speak with and monetize their fan networks.

Robinhood selected Polygon because the community of selection for its launch of Web3 pockets beta in September. This could allow Robinhood Pockets customers to swap tokens, get rewards and hook up with decentralized apps (dApps) after downloading the beta model of this system, all whereas incurring no community charges.

Starbucks has introduced a collaboration with Polygon to create a Web3-based Indian e-commerce market, Flipkart, as each enter right into a strategic settlement to determine a blockchain-e-commerce heart of excellence (COE).