Is This Driving The Growth Trajectory Of Polygon Network This Market Cycle?
The post Is This Driving The Growth Trajectory Of Polygon Network This Market Cycle? appeared first on Coinpedia — Fintech & Cryptocurreny News Media| Crypto Guide
Polygon network is currently the talk of the crypto town, amidst the hush prevailing from the supercycle. Polygon has always been one of the top picks of traders from the crypto fraternity. The Ethereum sidechain has been thriving with the on-chain metrics recording positive numbers.
An industry proponent illuminates the startling growth of the blockchain. The network has been witnessing an influx of adoptions, acceptance, and integrations at a steady pace. The growing utility of the blockchain has been astounding for masses in the industry.
Polygon’s Gallop On The Sand Dunes?
Polygon has been surfing despite the plight of the market trends. The scheduled zk-summit which CoinPedia had earlier reported has been garnering the interest of the masses in the community. A protagonist from the industry enlightens on the growth trajectories of the blockchain.
The protagonist cites that MATIC sets 4th consecutive ATH in revenues. The engagements from the network continue to excel, as the current week notches at an increase of 3.98% to 353.5k daily active addresses. The bridge data continues to portray positive figures as the overwhelming inflows more than compensate for the spikes in outflows.
Polygon PoS bridge is now the 5th most used dApp on Ethereum, wherein depositors have outpaced withdrawers on the bridge. Polygon has hit another ATH in network revenues claiming the $100k per day milepost for the first time. The proponent believes Polygon’s continual growth is due to sustained cohort sizes and improving retention.
The polygon network announces
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