Ethereum and Polygon attracted the most new users in Q1 2024, according to a Flipside report. Polygon gained 12.3 million new users, while Ethereum had 13.4 million - about 70% of the total new users across all EVM chains. Arbitrum was next with 4.7 million new users.
DeFi has been a major catalyst for new user growth across multiple chains this year. Ethereum leads with a total trading volume of $1 billion. Meanwhile, Polygon's NFT trading volume reached a daily peak of $6.3 million in early January.
However, new user NFT trading activity on Polygon has consistently decreased since the start of the year, while activity on Ethereum and Base continues to increase. What do you think about this trend? Come on, discuss it in the comments column!#cryptonews#Ethereum#Polygon#DeFi #NFT
Note: This article does not provide investment advice. Always do your own research before making an investment decision.
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