MATIC Investors Might Be Disappointed By Polygon’s Desire For This State Of Affairs
In its most recent round of partnerships, Polygon [MATIC] stated that its team would cooperate with Indian law enforcement. The creation of an internet complaint (FIR) portal would be supported by the blockchain.
It is still to be seen whether this new development can have a beneficial impact on the status of Polygon, even though this collaboration may further improve the condition of crypto acceptance.
The increase in stakeholder numbers was one of the few areas outside of collaborations where Polygon demonstrated growth. The number of stakers on the Polygon network increased by 5.34% during the previous 30 days, according to Staking Rewards.
The revenue being produced by the stakers, however, experienced a dramatic fall. The revenue dropped sharply last month by a staggering 39.13%. Furthermore, Polygon will find it challenging to maintain the growth of the stakeholder base if the revenue keeps dropping.
MATIC’s prime time
Another encouraging development was the enormous increase in network growth that Polygon noticed. A significant increase in Polygon’s network size over the past month indicates that more new addresses were transferring their MATIC tokens for the first time. This suggested that activity related to new addresses was rising.
The increase in the number of daily active addresses over the previous 30 days would be another proof of the high level of activity on the Polygon network. The number of daily active addresses increased significantly during the aforementioned time period, as shown in the graphic below.
This increase in the number of daily active addresses may portend forthcoming growth.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Annie
CoinCu News
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MATIC Investors Might Be Disappointed By Polygon’s Desire For This State Of Affairs
In its most recent round of partnerships, Polygon [MATIC] stated that its team would cooperate with Indian law enforcement. The creation of an internet complaint (FIR) portal would be supported by the blockchain.
It is still to be seen whether this new development can have a beneficial impact on the status of Polygon, even though this collaboration may further improve the condition of crypto acceptance.
The increase in stakeholder numbers was one of the few areas outside of collaborations where Polygon demonstrated growth. The number of stakers on the Polygon network increased by 5.34% during the previous 30 days, according to Staking Rewards.
The revenue being produced by the stakers, however, experienced a dramatic fall. The revenue dropped sharply last month by a staggering 39.13%. Furthermore, Polygon will find it challenging to maintain the growth of the stakeholder base if the revenue keeps dropping.
MATIC’s prime time
Another encouraging development was the enormous increase in network growth that Polygon noticed. A significant increase in Polygon’s network size over the past month indicates that more new addresses were transferring their MATIC tokens for the first time. This suggested that activity related to new addresses was rising.
The increase in the number of daily active addresses over the previous 30 days would be another proof of the high level of activity on the Polygon network. The number of daily active addresses increased significantly during the aforementioned time period, as shown in the graphic below.
This increase in the number of daily active addresses may portend forthcoming growth.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Annie
CoinCu News
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