MATIC’s 8% surge: Is Polygon’s booming network behind it?

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There has been a significant increase in activity on the Polygon network over the past week. How will MATIC see green?

recently fell out of the social media conversations in the crypto space as L2s and meme coins gained popularity.

Daily active addresses represent the number of unique user wallets interacting with the network on a given day. Consistently surpassing 1 million suggests a significant and sustained increase in network usage. This surge in activity was caused by the popularity of the Polygon ecosystem. Both the NFT and the DeFi ecosystem witnessed a massive surge in interest over the last few weeks.According to AMBCrypto’s analysis of Dune Analytics’ data, the volume at which NFTs were trading at had grown significantly in the last few days.

 

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