According to Cointelegraph: Ethereum scaling solution, Polygon, nearly mirrored Ethereum in terms of user acquisition in 2023, according to the blockchain analytics firm, Flipside. The report indicates that Polygon amassed 15.24 million new users last year, closely trailing Ethereum's 15.4 million.
The firm defines an acquired user as any individual who has executed at least two transactions on a specific blockchain, with at least one transaction taking place in 2023.
Intriguingly, Polygon initiated 2023 in the lead, only to be surpassed by Ethereum midway through the year, which maintained pole position for the remainder of the period. Bitcoin secured the third position in user growth with 10.65 million users, while Solana and Arbitrum completed the top five list.
The firm noted that the spike in user acquisition coincided with the collapse of Silicon Valley Bank in March, which is believed to have spurred a move towards decentralized alternatives.
Despite Base's promising initial uptake following its launch in August 2023, the final months of last year saw a slowing in user volume. Flipside added that the next bull run could be favorable for Base's user growth, given Coinbase's efforts to act as a gateway for new crypto users.