Lambda256 and Chainlink Labs Establish Channel Partnership To Help Drive Web3 App Development

We’re excited to announce that Lambda256, the blockchain unit of Upbit operator Dunamu, has formed a channel partnership with Chainlink Labs, a developer of the Chainlink Network. This partnership aims to help streamline Web3 application development by providing developers using Luniverse—Lambda256’s hallmark development platform—with access to Chainlink’s proven Web3 services platform. 

How Lambda256 Uses Chainlink To Unlock Web3 Builders

Luniverse is a secure and seamless Web3 development platform that offers builders a user-friendly development environment, including access to necessary APIs and operation tools. From blockchain node services and gas-free development courtesy on the Luniverse sidechain to multi-chain API access for Ethereum and Polygon, Luniverse provides an all-in-one platform for developers to build, test, and deploy their Web3 apps. 

This channel partnership aims to provide Web3 developers and dApps using Luniverse with seamless access to Chainlink oracle services, streamlining their development process and unlocking novel use cases that will drive the adoption of Web3’s application stack. 

“Chainlink services are an integral part of a Web3 developer’s toolkit. It’s how you build novel use cases that have Web2 levels of connectivity. Lambda256 is excited to establish a channel partnership with Chainlink Labs to unlock a new frontier of innovation for all Luniverse developers.”—Jay Park, CEO of Lambda256.  


About Chainlink Labs 

Chainlink Labs is the leading provider of secure and reliable open-source blockchain oracle solutions, enhancing smart contracts by connecting them to a wide range of off-chain data sources and computations, such as asset prices, web APIs, IoT devices, payment systems, and more. Chainlink Labs is dedicated to the development and integration of Chainlink as the standard decentralized oracle framework used by smart contracts across any blockchain.


About Chainlink 

Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains. 

The Chainlink ecosystem features over 1,500 projects that use decentralized oracle networks to seamlessly access services such as decentralized data feeds, a verifiably random number generator, a proven smart contract automation solution, and reliable asset reserve verification. In addition, Chainlink can bridge the gap for Web2 companies trying to enter the Web3 space by offering projects and data providers a universal gateway to all blockchains.


About Lambda256

Lambda256 (CEO Jay Park), established as an independent corporation in March 2019, is the blockchain tech arm of Dunamu(Upbit). Lambda256 developed and operates Luniverse, a cloud-based blockchain infrastructure and Web3 development platform that is paving the way for the commercialization of blockchain technology and the creation of a vibrant ecosystem. Luniverse offers a comprehensive portfolio of blockchain solutions such as tokenization of assets (STO), NFT for brands, and node/API service for the public chains. Aside from Luniverse, Lambda256 also provides NFT design studio ‘CYPHRLY’ and developed travel rule solution ‘VerifyVASP’.


Try Luniverse Node Service for free today! 

Luniverse NOVA X Polygon – 3. User Analysis

In the previous articles, we discussed a brief explanation of Polygon and explored various solutions.

In this article, we will quantify Polygon into numbers to determine its strengths and weaknesses. Additionally, we aim to provide information from the perspectives of developers and general users by objectively comparing and analyzing it with other public chains.

User Analysis

In the first post, we dealt with the background of Polygon’s birth, including Ethereum’s Trilemma. To briefly explain the Trilemma again, it signifies that in the blockchain, Decentralization, Security, and Scalability conflict with each other, making it difficult for a blockchain to perfectly satisfy all three. We will see how Polygon users have changed, having effectively overcome this.

Next, I would like to introduce indicators that indirectly provide insights into the evaluation of the Polygon network based on the statistics of relevant users. I will explain the metrics related to three key users: developers, users, and investors.

Total Contract Creators

As of May 30, 2023: Over 294,042 users [Source: Polygon official website]

The number of contract developers on Polygon was 234,000 as of December 2022, which represents a staggering 637% increase compared to 31,800 in 2021. As of the current date (May 30, 2023), the total number of contract developers has increased by 25% from 234,000 to 294,042, showing a consistent growth trend.

Deployed Smart Contract

As of May 30, 2023: Over 1.24 million [Source: Polygon official website]

[Source: Nansen]

The number of contracts deployed on Polygon has reached a staggering 1.24 million as of May 30, 2023, with the monthly deployment quantity gradually increasing. In May, there were 28.14 million contracts deployed. This is a similar figure to the number deployed in September 2021

  • Trading Volume on Polygon as of May 25, 2021: $6.515 billion In 2021, the cryptocurrency market received significant attention, with the emergence of various cryptocurrencies and a large influx of investors. In this environment, the number of contracts deployed on the Polygon network also increased dramatically. However, as the cryptocurrency market experienced a downturn in 2022, there was a sharp decline in deployment.

  • Trading Volume on Polygon as of May 25, 2023: $328.8 million Even in May 2023, despite the relatively decreased interest in the cryptocurrency market, the number of contracts deployed on the Polygon network continues to increase. This indicates that developers recognize the reliability and excellent usability of the Polygon network and are showing renewed interest and participation, independent of the market downturn in the cryptocurrency industry.

The Number of USERs

  • Unique Addresses Total Count
    A unique address refers to a unique identifier used for users, smart contracts, and other entities on the Polygon chain. Like Ethereum, these addresses are expressed as 40-character hexadecimal strings.
    The total unique addresses count represents the total number of distinct users who have used the blockchain or protocol. This metric increases as new unique addresses are created, allowing us to gauge the user base of the blockchain or protocol.
    Here is the total unique addresses count for the Polygon PoS Chain:
    Total Unique Addresses: 283,672,167 [23.05.31]

[Source: Polygonscan]

As of May 31, 2023, there were approximately 280 million users who have cumulatively used the Polygon PoS Chain. Additionally, the recent rate of increase in address count is similar to the blockchain boom period of May to July 2021.

  • Daily Active Addresses (DAA) [as of May 31, 2023]

    Daily active addresses include both PoS Chain addresses and ERC-20 addresses.

    For PoS Chain addresses, it refers to the total number of externally owned accounts (EOA) that have conducted transactions on the PoS network. On the other hand, ERC-20 addresses represent the total number of addresses involved in ERC-20 token transactions on the network, including internal addresses resulting from internal transactions during smart contract execution.

    • The term “internal address” is not an official term but is adopted from the concept of internal transactions. Leading blockchain data analysis platform NANSEN also uses the term “internal address” when explaining active addresses.

    The traditional concepts of daily active users (DAU) and monthly active users (MAU) in the web2 context are expressed as daily active addresses (DAA) in web3, which represents the number of unique users involved.

    • Daily Active Polygon PoS Chain Addresses

[Source: Polygonscan]

Daily Active Polygon PoS Chain Addresses: 460,487 [as of May 31, 2023]

During May, the average daily active PoS Chain addresses on Polygon was around 421,524. Compared to the average from May 2022 (302,166), this represents a 39.5% increase.

The daily active addresses for both ERC-20 and PoS Chain have shown significant growth compared to a year ago, indicating a rising trend of more users and developers choosing the Polygon network.

    • Daily Active ERC-20 Addresses

    • [Source: Polygonscan]

      Daily Active ERC-20 Addresses: 745,251 [as of May 31, 2023]

      During May, the average daily active ERC-20 addresses on Polygon was around 769,455, with a peak of 2,389,838 addresses on a single day. This represents a threefold increase compared to the average daily active addresses in May 2022 (252,965).

  • New Addresses New addresses refer to addresses where transactions occur for the first time, indicating new inflows to the chain. This allows us to track recent interest or evaluation of the chain.


    In May 2023, the number of new addresses on Polygon increased by an average of 1.045 million, which is approximately 15 times higher compared to the 67,000 new addresses in May 2022.

UAW (Unique Active Wallets) is a metric used by the platform “DappRadar,” which tracks dApps. It represents the number of unique wallet addresses that interact with a specific dApp’s smart contracts. To be calculated in DappRadar’s UAW, users need to perform blockchain transactions, allowing us to identify the number of users participating in a particular dApp.

By using UAW, we can understand user activity and compare the interest and success of specific dApps with others. It can serve as a criterion for selecting the most actively interacting dApp.

Active Wallets: 1.64 MILLION (as of April 8, 2023) [ Source: Polygon (Labs) Twitter ]

[Source: Polygon (Labs) Twitter]

  • Network Transaction Volume (On-Chain Transaction Volume)

    On-chain transaction volume is a metric that represents the actual quantity of transactions occurring on a blockchain network. It is a reliable and transparent indicator of transaction activity recorded and verified by participants in the blockchain network.

    Understanding on-chain transaction volume is crucial for assessing the actual usage and adoption of specific cryptocurrencies or blockchain projects. Analyzing on-chain transaction volume allows us to assess the liquidity and transaction activity information of a particular chain, as well as understand development trends.

    By monitoring on-chain transaction volume, we can obtain important information about the actual usage and transaction activity of cryptocurrencies. This helps investors, developers, and others make better decisions based on real blockchain data.

    Looking at the average over the past six months, there were approximately 8.8 million transactions per month. While Polygon competed with Binance Smart Chain for the top spot in February this year, it eventually conceded the first place to BNB and is currently ranked second in terms of network transaction volume.

    • ERC-20 (Average Monthly) Transaction Count

The ERC-20 transaction count refers to the total number of transactions that occurred on the network, including internal transfers. It has been declining over the past two months, with 2.32 million transactions recorded in May.

  • PoS (Average Monthly) Transaction Count

The PoS transaction count represents the number of transactions that occurred on the PoS network, including transactions from external owned accounts (EOAs). In May 2023, the PoS transaction count reached 2.25 million, showing an increase compared to ERC-20.

  • Trading Volume (Exchange Trading Volume)

    On Binance, an average of 100 million coins is traded daily.

    More than 60% of Binance’s official trading volume occurs off-chain.

    Therefore, it is advisable to consider both on-chain network transaction counts and off-chain trading volumes.

Polygon Transactions by Entity

[Source: Nansen]

Polygon transactions are mainly dominated by Chainlink.

Below are three Chainlink services that Polygon primarily utilizes.

  1. Chainlink Data Feeds
  2. Chainlink Verifiable Randomness Function
  3. Chainlink API Calls

Chainlink provides an oracle network that allows smart contracts to access real-world data outside the blockchain. In Polygon, these services are used as a means to access external data within the network, enabling interaction and offering various functionalities between Polygon and Chainlink.


In this article, we compared the three aspects of decentralization, security, and scalability of Polygon by using the keywords of the trilemma.

First, in terms of decentralization, Polygon demonstrates excellent structural decentralization, excluding the validator count, but ultimately relies heavily on Ethereum. However, it is difficult to evaluate the political decentralization positively, except for the distribution of validators. Metrics such as Gini coefficient, Nakamoto coefficient, and Shannon entropy all have indicators that make it difficult to classify them as decentralized. However, through a governance structure called PIP, Polygon maintains stable logical centralization. Overall, it is challenging to consider Polygon as fully decentralized on its own, but it compensates for this by leveraging Ethereum’s decentralization, resulting in a reasonably decentralized system.

Moving on to security, Polygon is considered to have a high level of fault tolerance, resistance to attacks, and resistance to collusion, making it highly secure.

However, in terms of scalability, the actual TPS (Transactions Per Second) of Polygon averages around 30 TPS, which is very fast and places it second among all blockchains. However, when comparing the theoretical (maximum) TPS of 7,000 to VisaCard’s 24,000 TPS, there is still room for improvement in order to achieve Polygon’s vision of mass adoption. Additionally, while the block creation speed is fast at 2.3 seconds, the finality time of approximately 9 minutes can be considered relatively slow compared to chains like NEAR or Solana. While there have been significant improvements in terms of speed and gas fees compared to Ethereum, it is still challenging to rate Polygon highly compared to other new mainnets.

From the perspective of user adoption, the influx of actual utilization purposes for Polygon is increasing. Polygon has the second highest number of contract deployments among all mainnets, and its growth rate is also the highest. Although the price of Polygon is declining due to the current market downturn, the number of contract deployments is increasing at a rate similar to the bullish market in May 2021. In this regard, there is a positive influx into Polygon’s internal ecosystem, indicating that its foundation is gradually strengthening.

Polygon serves as an L2 scaling solution for Ethereum and is one of the mainnets that is considered first in actual product development. It is expected to maintain this position for a while based on its high compatibility with Ethereum. However, in order to be utilized by real-world companies, there is a need for improvement in terms of scalability, and the current political decentralization metric also shows a relatively low value. If these aspects are progressively improved, a positive future for Polygon can be expected.

Finally, to conclude the post, I will summarize the content we learned today into an easy-to-view three-line summary.

Thank you.

Luniverse NOVA Launch Promotion – Winners and Prize Distribution now starts

🎁 We arehappy to announce the prize for the event held in celebration of the launch of Luniverse NOVA! 🎁


Console Registration Promotion Prize Distribution
Among those who signed up on the Luniverse console and successfully created a blockchain node, winners were selected through a draw and will receive the following shining prizes.

🥇1st place (1 person): 💵1000 USDC💰

    1. *********

🥈2nd place (2 persons): 💵500 USDC💰

    1. *******
    2. ********

🥉3rd place (5 persons): 💵100 USDC💰

    1. ******
    2. ******
    3. ************
    4. **************
    5. *********

Among users who have entered the promotion code after console registration (500 selected via lottery): 💵5 USDC💰

  • 📅Distribution Schedule: August


Early Bird Membership NFT Promotion Prize

We are pleased to announce that all users who have registered on the Luniverse console and entered the promotion code will receive an Early Bird Membership NFT from Luniverse NOVA. You will be able to get discount benefits and early access privileges on Luniverse NOVA, and you will be invited to a special VIP Discord channel to receive a variety of news.

  • 🎁Event Prize: LUNIE NOVA NFT

🎉 What is the LUNIE NOVA NFT?

Lunie is Lambda256’s own character, an extraterrestrial being who navigates through various universes as an NFT. The LUNIE NOVA NFT, issued in a limited edition to celebrate the launch of Luniverse NOVA, was created in collaboration with Ahngraphics.

LUNIE NOVA NFT holders will be invited to an exclusive community and provided with a 6-month discount coupon for the Luniverse NOVA Advanced Plan, early access to new features, and early access to Luniverse’s marketing campaigns.

  • 📅Distribution Schedule: August

📍Event Guidelines

  • Each participant can only enter once during the promotion period. If there are multiple entries from the same participant, they may be disqualified from receiving a prize.
  • Participants must provide accurate information required for the event. If invalid information is submitted, they may be disqualified from receiving a prize.
  • For any inquiries related to the event, please contact us through the Luniverse Discord community or send an email to
  • Terms and Conditions for Providing Personal Information during the Event

What is NFTfi? (ERC-4907)

Danksharding is an improved version of Ethereum’s sharding technology, which is one of the techniques that greatly increase transaction capacity and reduce gas fees in Ethreum 2.0 upgrade.

To help you understand what Danksharding is, let’s first take a look at Ethereum’s scalability strategy, which aims to increase network performance and ensure scalability.

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