These, coupled with Q2’s insights, led to an unprecedented uptick in two key on-chain metrics on Santiment. Namely, Volume and Development activity, both of which painted a bullish picture.
In the period under review, the token’s trading volume saw steady growth. With a figure of 1.13B at press time, MATIC registered significant growth in trading volume, as seen in the graph below.a decent surge . Furthermore, the network noted the rising frequency of meaningful activity on Github. It is clear that there is a lot of development, as well as a lot of interest, surrounding Polygon. These factors are the main reasons why the cryptocurrency might see a high level of growth in the near future.Recently, whale monitoring service WhaleStats shared some data to support this narrative. Dominant buyers acquired more of the token at a discounted rate. Given that it emerged on the list of “hot” coins for trading, this wouldn’t come as a surprise.
Source: News Formal (newsformal.com)
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