Polygon (MATIC), which offers its users a better Ethereum and a functional Blockchain technology, has made great progress this year. Ethereum’s high transfer prices and volatility have made many choose Polygon. This, in turn, has led to the growth and cost of the MATIC ecosystem.
MATIC succeeds in entering the consolidation phase
Polygon, which is growing rapidly, manages to hold on to critical levels in the period when the crypto money market is trying to recover. In this way, while it can avoid big losses, it also offers its users the chance to interact with the platform better. The increasing number of daily active users is the biggest indicator of this. In this bet, we examine analyst Raphael’s information…
Polygon is growing day by day
According to the analyst’s information, Polygon, which has been growing day by day, is Kriptokoin. com recorded the third week in a row that active addresses remained above 100,000 per day. This suggests that once the price stabilizes further, the network welcomes a stable flow of users. At the same time, this information represents MATIC in the recovery period of the markets, while it is preferred more than other assets, revealing other analyzes.
On the other hand, Polygon’s trend does not apply to all altcoins, including networks with violent price movements such as Binance Coin and Ethereum. In fact, Polygon is 20% of Ethereum’s DAU (Daily Active Users), which highlights users’ preference at a given time. 38 and 20% of Binance Smart Chain. It makes up the 09th.
In one-on-one time, the number of weekly users increased by 6% and processes by almost 2%. The cost per process is -12%, although it has increased by 11%. It shows a significant decrease of 52. This is an average of 11. 325 MATIC [12. 395] records the first weekly income decline since May 31 with daily income.
MATIC can outrun ETH and BSC networks
Finally, the metrics above show that MATIC remains on its growth curve and can continue to do so. In terms of size, Polygon is much smaller than Ethereum and Binance Smart Chain, but 0% of ETH. 28 and 1% of BSC revenues. It was 12 of them. Therefore, although Polygon stands out in data, it lags far behind networks such as ETH and BSC. However, stating that MATIC is in an upward trend in this competition, the analyst adds that Polygon needs time. In the middle, at the time of writing, MATIC is up 3% in the last 24 hours. It is trading at $0.949168, down 66 percent.