- Polygon leads all assets in network growth over the past 30 days.
- Polygon recorded 2,61 million transactions in the last day, with an 80 million dollar trading volume.
Polygon [POL] Recently, the transition from MATIC went well, and tokens of MATIC to POL were exchanged in a 1:1 ratio. Investors were able to maintain their value of portfolios without suffering any losses.
Polygon led the way in terms of network growth among all assets over the past thirty days. The increase was 1,019%.
LayerZero, on Arbitrum, grew by 219%. Wrapped Ethereum, on Polygon, grew 263%.
Santiment
Polygon is a leader in the industry not just for its network, but also across all chains. In the past, increasing network growth has been an indication of greater utility. This boosts long-term potential market capital for projects.
Polygon Transaction Count
Polygon’s transactions have increased since the upgrade to its ecosystem. Since July, the transaction volume is consistently high. However, there was a dip in August.
Polygon continues to grow in all metrics. Polygon, according to the latest DefiLlama data, has a transaction count of 2.61 millions, with a trade volume of $80.1 million over the past 24 hour.
Source: DefiLlama
Inflows of POL tokens were recorded at 660 million dollars, while the number of addresses active over this period increased to 526,000. Total value locked in Polygon’s ecosystem has reached $1.08billion, which indicates increased engagement and activity.
Crypto market breadth improving…
The crypto market as a whole is improving. Crypto Top 200 index in comparison to the Equal Weight Index has been a reliable gauge of market sentiment.
The index has been extremely negative on altcoins since July. However, it is turning positive in sync with the global liquidity. Historically, shifts in sentiment have led to periods of high performance on the cryptomarket.
Source: Jamie Coutts, CMT
Polygon is a great investment because of its rapid growth, and the market’s strengthening.
Price and the flow of money
The assessment of the “in/out of the money” Data reveals that the most profitable addresses are those with the highest metric. Around 7,03K of the addresses are within the range $0.4002 to $0.416.
61.38 percent of the addresses that have POL in their address book are profitable. In total, 18.32K of the addresses have a profit. 10.76K or 36.04%, of all addresses, do not make money. Just 2.58%, or around 769 addresses, are neutral.
Source:
Is your portfolio green? Look at the POL Profit Calculator
These data show that Polygon has strong future prospects, and many of its holders are benefiting from the current prices. The data shows a good foundation for growth in the future.
All these metrics are aligned and Polygon’s (POL), therefore, is in a good position to see its share price rise. Increased network growth, an active volume of transactions, and long-term potential for investment are all supporting factors.
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Source: ambcrypto.com
