It’s no secret that the crypto market was gripped by bearish pressure for the entirety of 2022. However, amid all the volatility and chaos, many positive news stories appeared as well — especially regarding the global adoption of digital assets and crypto-related technologies in general.
Looking back at 2022, here are some key adoption-related events that helped drive the industry last year.
Even though an air of financial uncertainty has shrouded the crypto market since the end of 2021, Polygon — a layer-2 scaling solution running alongside the Ethereum blockchain, allowing for speedy transactions and low fees — continued to witness a lot of growth in 2022. To this point, the network’s unique address count recently surpassed the 200 million mark, reaching a new all-time high of 205,420,908 on Dec. 31.
Additionally, the Polygon ecosystem saw its unique address count surge by a whopping 8,783,568 between Dec. 1 and Dec. 31, suggesting that over the last month of 2022 alone, an average of 283,340 new Polygon-related network addresses came into existence daily. Moreover, it bears mentioning that the number of transactions taking place within the network has continued to hover around the 3 million mark.
Lastly, the proof-of-stake project recently announced the release of its final testnet, an improved iteration of its zero-knowledge Ethereum Virtual Machine.
The nonfungible token (NFT) market and the metaverse industry have continued to pique the interest of several fashion and luxury brands. For example, in October, Rolex — a popular watch matchmaker with a global presence — filed for multiple NFT-related trademarks in addition to one for a cryptocurrency exchange. Popular sporting goods giants such as Reebok, Nike and Adidas
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