This Network Had as Many Users as Ethereum in 2023: Flipside Data

Polygon, a layer-2 scaling network, nearly matched Ethereum’s user base in 2023, as reported by blockchain analytics firm Flipside.

Polygon acquired 15.24 million users that year, coming close to Ethereum’s 15.4 million, with a difference of around 160,000 wallets.

Polygon Topped User Acquisition in First Half of 2023

Flipside defines an “acquired” user as someone who engaged in at least two transactions on a specific blockchain, with at least one occurring in 2023. During the first half of 2023, Polygon led the user acquisition race but was later surpassed by Ethereum, maintaining its lead throughout the latter part of the year.

Is the bull is really here? How can we tell?

Data.

Sentiment isn’t the only thing that’s changed lately. According to the data, user behavior is shifting — and with it, crypto markets.

We cover it all in The Onchain Crypto User Report