• Polygon MATIC surged 16% in the past week, reaching a 48% surge since late December last year.
• The token has a $1.19 billion trading volume with a $9.4 billion market cap.
• Recent partnerships and launches such as the most recent AMA with Ovix Protocol have helped foster an increase in daily active users.
The crypto space has been abuzz with news of Polygon MATIC’s recent surge. The token has seen a 16% surge in the past week, with a 48% surge since late December last year. MATIC is now valued at $1.09, making it the second-largest asset per daily active users, recording over 344,000 users, beating out both Ethereum (ETH) and Solana (SOL).
The token has seen a significant increase in trading volume, reaching $1.19 billion with a $9.4 billion market cap. This surge in activity has been largely attributed to recent partnerships and launches that have helped foster an increase in daily active users. This includes the most recent AMA with Ovix Protocol, which explored 2023’s largest DeFi natives, LSD, and zero-knowledge EVM (zk-EVM). The AMA was conducted through a Twitter thread, and it was followed by the launch of GainsNetwork_io and Giddy DeFi’s newly created $GNS staking pool.
Moreover, a Polygon crypto whale sold MATIC tokens worth $7.7 billion on 8 January, leaving tokens worth $23.7 million in the address. This could be attributed to the whale’s confidence in the token’s long-term value, as the token continues to surge and attract more users.
In conclusion, Polygon MATIC has seen tremendous growth in the past few weeks, due to increasing user activity and recent partnerships and launches. The token has a $1.19 billion trading volume with a $9.4 billion market cap, and it is currently the second-largest asset per daily active users. Furthermore, the whale’s confidence in the token’s long-term value could be a sign of more positive things to come.