Polygon (Matic) Surges Over 25% In a Week

Top 3 Projects Locked in Polygon Ecosystem in Terms of TVL
  • Polygon’s update their MATIC to USD price in real-time’s.
  • Polygon is down 5.84% in the last 24 hours.
  • Recently MATIC has performed phenomenally, registering a 20.06% rise.

Polygon’s current price is USD 1.49, with a 24-hour trading volume of USD 1,347,277,018. They keep their MATIC to USD pricing up to current in real-time. Polygon’s stock has dropped 5.84 percent in the previous 24 hours. With a live market valuation of USD 10,030,669,065, the latest Coin Market Valuation ranking is #21. There are 6,720,693,343 MATIC coins in circulation, with a maximum availability of 10,000,000,000 MATIC coins.

The number of possible addresses on the Polygon (MATIC) system has just surpassed 100 million, as users continue to take advantage of the network’s cheap transaction cost. It is used to get access to decentralised finance (Defi) apps.

The network’s development has been consistent throughout time, with an exponential growth phase beginning in June of this year. The Polygon network generated almost 2.5 million completely new addresses in one day in September, and also the overall number of unique addresses has since doubled.

This week, MATIC has done spectacularly, surged 20.06 percent. In addition to network advancements, MATIC increased by 26% in one day on October 15, when this was launched on Upbit.

However, rather than the tokens, the chain structure has been breaking records in the Defi area. For the first time, the polygon has officially overtaken Binance Smart Chain (BSC) overall wallets. At the same time, it surpassed 100 million wallets, setting a new all-time high.

Recommended for You

Monisha is a Senior Programmer in the Automotive Embedded domain. Her interest in the cryptocurrency field made her write about crypto and blockchain-related news.