Despite a hike in active addresses, Polygon’s daily transactions dropped.
MATIC was down by 13%, and a few metrics looked bearish.
As we conclude the first week of 2024, Polygon’s [MATIC] network activity has gained upward momentum. The achievement reflects a rise in adoption and usage in the recent days.
While that happened, the crypto market turned bearish, which caused MATIC’s price to plummet substantially.
Polygon’s network activity on the rise?
Sandeep Nailwal, co-founder of Polygon, recently posted a tweet highlighting the blockchain’s achievements.
As per the tweet, Polygon PoS recorded the highest number of daily active addresses during the first week of 2024 since October 2023, averaging 500 thousand per day.
NEW: Polygon PoS records highest amount of daily active addresses since October.
Now averaging 500K per day. https://t.co/HSMnkt6Ls1
— Sandeep Nailwal | sandeep. polygon (@sandeepnailwal) January 4, 2024
Since this clearly suggested a rise in Polygon’
We współpracy z: https://ambcrypto.com/polygon-can-high-network-activity-push-matic-north/
