Polygon announces MATIC to POL migration for September 4.
Transaction volume hits multi-month low, but DeFi sector shows strength.
MATIC price remains muted at $0.41, with potential for movement to $0.55 or $0.33.
Polygon, Ethereum’s premier scaling solution, finds itself at a critical juncture as it prepares for a major milestone: the migration of its MATIC token to POL, scheduled for September 4.
Polygonscan data reveals a stark decline in network activity, with total transactions on the Polygon Proof-of-Stake chain plummeting to 2.44 million on Sunday—a low not seen since December 2023.
This precipitous drop in user engagement likely stems from uncertainty surrounding the impending token migration, as users adopt a wait-and-see approach before conducting transactions.
Source: Polygonscan
Polygon shows a modest price gain
The muted price action of MATIC reflects this period of user hesitation, with the token trading at $0.42 and showing only a modest 3% gain ove
We współpracy z: https://thenewscrypto.com/polygon-pol-migration-for-september-4-will-matic-surge/
