On-chain data suggests that Polygon adoption has been accelerating as MATIC has enjoyed an increase of 10% during the past day.
Polygon Network Growth Has Been Steadily Rising Recently
According to data from the on-chain analytics firm Santiment, MATIC addresses are being created at an increasingly faster rate. The relevant indicator here is the “network growth,” which measures the total amount of new Polygon addresses that are coming online on the blockchain.
New addresses may be considered analogous to new users coming into the network, so this metric can provide us with hints about how the adoption of the cryptocurrency is coming along.
When the value of the indicator is high, it means that a large number of new addresses are being created on the network right now. Naturally, this kind of trend would suggest that a large number of new users are potentially joining the chain currently.
On the other hand, low values imply new MATIC address activation is low on the network at the m
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