Polkadot, the Layer 0 blockchain network, ended Q4 2022 with a surge in user activity, according to a recent report by Messari. Despite the unexpected fallout of the cryptocurrency exchange FTX, Polkadot’s user base continued to grow.

In its report titled “State of Polkadot Q4 2022,” Messari noted that between October and December 2022, the count of daily active accounts on Polkadot spiked by 63%.

In the preceding quarters, daily active accounts on the network fell consistently. However, by the end of 2022, on a year-over-year (Yoy) basis, daily active accounts on Polkadot had grown by 63%, with all of the growth recorded in Q4 2022. 

Furthermore, new accounts created on the network also increased by 49.4%. However, on a YoY basis, this fell by 71%. Polkadot closed Q4 2021 with 733,552 new accounts on its network. Between 1 October and 31 December 2022, new accounts created on Polkadot totaled 216,100.