Messari: Polygon's second quarter DAU address count rose 47.6% quarter-on-quarter

Messari released Polygon's Q2 report. Polygon had 1.20 million daily active addresses (up 47.6% QoQ) and 4.10 million transactions per day (up 3.9% QoQ). Average transaction fees for Polygon PoS fell to $0.01, down 41.1% QoQ. Polygon's revenue (from network transaction fees) fell to $4 million, down 40.6% QoQ. Gaming continued to lead the way in Q2 2024, with 382,000 daily average game active addresses, up 85% QoQ. Polygon PoS DeFi Total Lock-in Value (TVL) was $1 billion, down 22.9% QoQ. However, MATIC-denominated TVL grew 38.1% to $1.80 billion, indicating that the decline in dollar terms was due to lower MATIC prices rather than net capital outflows. Stablecoin market cap on Polygon PoS continued to grow to $1.80 billion, up 17.5% from the previous quarter.