Milestone Reached
Polygon, the Ethereum scaling solution, has reached an impressive milestone: 4 billion total transactions. This is a remarkable achievement, considering the network’s launch just four years ago.
User Surge
Polygon’s growth is not just a number. The network has seen a surge in daily active users, averaging over 1 million daily users for over 60 days. This is likely due to the popularity of decentralized applications (dApps) built on Polygon, such as Matr1x and Galxe.
MATIC Price Mystery
Despite the impressive network growth, the price of Polygon’s native token, MATIC, has not kept pace. Analysts offer various explanations for this, including the high token supply and competition from other blockchains.
Future Outlook
Experts remain optimistic about Polygon’s future. The network’s growth and user adoption are positive signs. The team is working on scaling solutions and attracting new dApps. If Polygon can navigate the competitive landscape and translate network activity into value for users, MATIC could see a sustained upward trend.
