Polygon Q2 Report: Daily Active Addresses Increased by 47.6% Quarter-over-Quarter, Launching a $1 Billion Community Grant Program

ChainCatcher news, Messari released the Polygon Q2 2024 report, with the following key points:

• Daily active addresses reached 1.2 million (a month-on-month increase of 47.6%), with an average daily transaction volume of 4.1 million (a month-on-month increase of 3.9%).
• Gaming continues to maintain its leading position from Q1 2024.
• The average transaction fee on Polygon PoS dropped to $0.01, a month-on-month decrease of 41.1%. EIP-4844 was implemented on the Polygon PoS mainnet in Q1 2024.
• Polygon Labs integrated a zkVM SP1 built on Plonky3 to generate pessimistic proofs for AggLayer, ensuring the security of cross-chain asset transfers.
• Launched a $1 billion Community Grant Program (CGP) to support developers and projects in the Polygon ecosystem. Over the next decade, the CGP will distribute 100 million POL tokens annually.
• Announced a partnership with Aragon to develop the Polygon Governance Hub as a step towards decentralization. This will be a full-stack governance solution focusing on the two main pillars of Polygon governance: protocol governance and system smart contract governance.