Ethereum and Polygon Dominate Q1: New Report Reveals Growth
Ethereum Ethereum and Polygon Dominate Q1: New Report Reveals Growth Balita ng Ethereum ng Bitcoin Ethereum and Polygon have demonstrated their strength in Q1 as revealed by EVM user growth and trading activity according to reports. This stellar performance coincides with the respective positive performance of MATIC and ETH. A new report by Flipside has revealed Ethereum and Polygons stellar performance in Q1 2024. The report titled “New EVM Users: Q1 Snapshot” shows that the two projects have maintained their lead in Ethereum Virtual Machine (EVM) chains. The two projects maintained a lead in attracting new users and also witnessed increased trading volume. Among EVM platforms, Ethereum (13.4 million) and Polygon (12.3 million) had the most new users in 2024, together accounting for roughly 70% of the total. In contrast, Arbitrum has added 4.7 million users this year. In terms of trading volume, ETH is leading with $12 billion while Arbitrum ranked second with around $9.5 billion. Decentralized finance (defi) is the lead attraction for new users. Polygons lead in this sector is largely owed to renewed interest in non-fungible token (NFT) activity. NFT activity was mixed with Ethereum and Base recording a steady increase while Polygon witnessed a steep decrease from its previous peaks. With layer-2 protocols beginning


