Polygon (MATIC) Aims at Another Uptick as PoS Activity Surges

Published 19/11/2023, 15:36
Polygon (MATIC) Aims at Another Uptick as PoS Activity Surges
MATIC/USD
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Coin Edition -

  • Millions of transactions took place on the network as DEX volume also surged.
  • MATIC reclaimed $0.84 but hit a resistance that pulled it back to $0.83.
  • With increasing buying momentum, MATIC’s price may continue to rise.

Activity on the Polygon (MATIC) scalable Proof-of-Stake (PoS) network has been surging for the last seven days. According to Sandeep Nailwal, Polygon’s founder, about 17 million transactions occurred on the network between November 17 and 18.

Using data from Token Terminal, Nailwal also mentioned that the blockchain was able to generate $1.2 million in revenue for its stakers.

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