- Polygon’s network has reached new levels of activity.
- MATIC prices continued to increase along with the velocity.
A tweet from Today In Polygon, dated the 13th March. Polygon’s [MATIC] Proof of Stake Network (PoS), which has a daily address count of over 1.23 millions, reached another milestone.
It is a great achievement that the PoS system has been able to maintain over 1,000,000 active addresses every day for 20 consecutive days.
An increase in activity
Polygon’s TVL, or Total Value Locked (TVL), also grew due to increased network activity. TVL increases contribute to overall liquidity in the Polygon Network.
The liquidity of DeFi is essential for its smooth operation. It allows users to efficiently trade, loan, borrow and take part in activities such as yield farming.
TVL increases also mean more assets are available within the Polygon ecosystem. A TVL increase could potentially attract users and projects looking to benefit from the flexibility and liquidity of Polygon’s Blockchain.
What is the NFT?
AMBCrypto analyzed Dune Analytics data and found that Polygon NFTs are still being traded in high volumes on the marketplaces.
It was evident that, in spite of changes to the market and sentiment, Polygon’s NFT eco-system maintained a constant level interest and engagement from users and collectors.
Take a closer look at MATIC
MATIC’s price was $1.211696 at the time of publication. It had risen by 1.05% over the past 24 hours. MATIC’s Network Growth also increased, showing that more addresses were interested in MATIC.
Here are some realistic or non-realistic examples. MATIC’s market cap in DOT’s terms
MATIC also saw an increase in the velocity of its trading.
This, along with an increase in activity, could help MATIC maintain its current rally.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: ambcrypto.com