The scaling solution topped Ethereum [ETH] in daily active users by blockchain, reaching more than 344k users at press time, a crypto market expert reported on January 26.
The data from Token Terminal revealed that Polygon and Ethereum had been vying for second place for the past week at the time of publication, with Binance Chain [BNB] maintaining its lead.
The price of MATIC, which has climbed by 10% over the last 24 hours as of the time of writing, reflected the increased adoption. Since the beginning of 2023, MATIC has witnessed a bullish rally that has nearly reversed the losses caused by FTX.
According to data from Token Terminal, Polygon now has more daily active users than Ethereum. Compared to Ethereum's 324,000, Polygon has a total of 344,000. Polygon is now DAU's second-largest platform as a result. Binance Smart Chain (BSC), sometimes referred to as BNB Chain, is in front of it with 781,000 daily active users. Lark Davis, a well-known cryptocurrency trader and YouTuber, shared a screenshot from the same source with additional information on this. After Ethereum, according to his image, are Solana, which has 135,000 daily active users, and the Near protocol, which has 69,000 daily active users.
If MATIC price seeks impetus from the growing adoptions and developments in the protocol. The price could close the yearly trade for 2023, with a prediction of MATIC price as per coinpedia may go as high as $1.8351.
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