Polygon, a layer-2 scaling solution, has surpassed Ethereum in monthly active users, marking a significant shift in the digital currency landscape. According to data shared by Polygon co-founder Mihailo Bjelic, the protocol's monthly active user count has exceeded eight million, while Ethereum's user base remains below that threshold.

This milestone underscores the growing appeal of layer-2 protocols like Polygon, which offer faster transaction times, lower fees, and enhanced scalability compared to Ethereum. The Dencun Upgrade, which reduced fees on Polygon, has further contributed to its attractiveness, making it an increasingly popular choice for users seeking to engage with decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and other Web3 innovations.

While Ethereum remains the foundational network for layer-2 scaling solutions, its growth is being outpaced by these secondary protocols. Polygon, Base, and Optimism (OP) are among the layer-2 protocols leading this transformation, providing users with a more seamless and cost-effective experience.

Despite this progress, the layer-2 ecosystem has experienced a valuation slump, with tokens like MATIC, Arbitrum (ARB), and Optimism (OP) declining in value. However, the prospective launch of a spot ETH ETF product could potentially reverse this trend, providing a bullish boost to these tokens.

In conclusion, the surge in Polygon's monthly active users highlights the evolving nature of digital currencies and the increasing importance of layer-2 protocols in the Web3 ecosystem. As the space continues to mature, it is likely that we will see further innovation and growth, driving greater adoption and mainstream acceptance of digital currencies.