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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    Ethereum Collections Lead NFT Sales Today

    Ethereum Collections Lead NFT Sales Today

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    how NFTs became a global brand and a Web3 “social currency”

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    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
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  • Crypto
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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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  • NFT
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    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    Ethereum Collections Lead NFT Sales Today

    Ethereum Collections Lead NFT Sales Today

    how NFTs became a global brand and a Web3 “social currency”

    how NFTs became a global brand and a Web3 “social currency”

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Labubus have succeeded in every way that NFTs have failed

    Labubus have succeeded in every way that NFTs have failed

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    NFT sales surge to $574 million in July, second-highest in 2025

    NFT sales surge to $574 million in July, second-highest in 2025

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    CryptoPunks price surges to $200k, $PUNKS loaner Gondi accused of facilitating chandelier bids

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    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

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    The Biggest Games Releasing in August 2025

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    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

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    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    Early Off the Grid Skin Holders Are Cashing In – Will You?

    Early Off the Grid Skin Holders Are Cashing In – Will You?

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    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

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    A Pressure Group Forced Steam to Remove Adult Games. It’s Coming After Crypto Next

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  • Blockchain
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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

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    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

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    SoonVerse Partners with Arris to Enhance User Experience

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    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

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    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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    What Is Crypto Staking? How to Earn Crypto by Holding It

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  • Analysis
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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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Home Altcoins

1.1 Million daily users on Polygon: MATIC’s next move?

March 28, 2024
in Altcoins
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1.1 Million daily users on Polygon: MATIC’s next move?
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  • Polygon was the sixth-largest chain in terms of total stablecoin supply.
  • Whales have shown lukewarm interest towards MATIC.

The Polygon [MATIC] chain has been experiencing higher user participation and liquidity infusion in 2024, causing the broader market to sit up and take notice.

Polygon sees rise in stablecoin supply

According to AMBCrypto’s analysis of DeFiLlama’s data, Polygon’s stablecoin market cap hit nearly $1.5 billion as of this writing, marking an impressive 18% growth year-to-date (YTD). As of this writing, it was the sixth-largest chain in terms of total stablecoin supply.

Polygon stablecoin market cap

Source: DeFiLlama

Stablecoins can be construed as the on-chain equivalent of cash in traditional financial markets. A higher stablecoin marketcap indicates a larger pool of liquidity, making trading on the chain easier, and thereby leading to a more efficient market.

That being said, the current levels still remained a far way off from the peak registered in July 2021. In reality, Polygon’s next aim should be the pre-bear market level of $2.6 billion achieved in September 2022.

The best-performing ETH scaling solution

The rise in stablecoin market cap comes alongside an impressive surge in user engagement on the network.

According to AMBCrypto’s examination of Artemis’ data, the Polygon proof-of-stake (PoS) chain massively outperformed other scaling networks in daily active addresses and transactions in 2024.

Polygon Network activity

Source: Artemis

Take for instance, the daily active addresses count on Polygon PoS on the 26th of March was 1.1 million, more than triple the count of the second-best ranked chain on the list. A similar trend came to light when it came to transaction count.

See also  Calm Before A 500% Bullish Storm?

Will whales show interest?

The chain’s native token MATIC rose 1.73% in the last 24 hours, taking its last seven-day gains to over 11%, as per CoinMarketCap. MATIC’s performance was in line with the broader altcoin market report card. On a YTD basis, the crypto was up 12%


Is your portfolio green? Check out the MATIC Profit Calculator


Interestingly, the rise was not built on whales’ accumulation. Using Santiment, AMBCrypto noted a sharp drop in whale transactions in 2o24.

Moreover, the holdings of these influential investors remained flat during this time, implying lower engagement from whales.

Polygon whales

Source: Santiment

Previous: Dogecoin: Betting on a 30% hike? DOGE’s price prediction says…
Next: BlockDAG Surpasses HNT’s Growth and BlackRock’s Innovations

READ ALSO

CryptoGames now supports Tether (USDT) for deposits and announces partnership with Bitinvestor

Toncoin heats up: What does $398M in trading volume indicate?

  • Polygon was the sixth-largest chain in terms of total stablecoin supply.
  • Whales have shown lukewarm interest towards MATIC.

The Polygon [MATIC] chain has been experiencing higher user participation and liquidity infusion in 2024, causing the broader market to sit up and take notice.

Polygon sees rise in stablecoin supply

According to AMBCrypto’s analysis of DeFiLlama’s data, Polygon’s stablecoin market cap hit nearly $1.5 billion as of this writing, marking an impressive 18% growth year-to-date (YTD). As of this writing, it was the sixth-largest chain in terms of total stablecoin supply.

Polygon stablecoin market cap

Source: DeFiLlama

Stablecoins can be construed as the on-chain equivalent of cash in traditional financial markets. A higher stablecoin marketcap indicates a larger pool of liquidity, making trading on the chain easier, and thereby leading to a more efficient market.

See also  BTC whales accumulate 2814 Bitcoins worth $157.3 million

That being said, the current levels still remained a far way off from the peak registered in July 2021. In reality, Polygon’s next aim should be the pre-bear market level of $2.6 billion achieved in September 2022.

The best-performing ETH scaling solution

The rise in stablecoin market cap comes alongside an impressive surge in user engagement on the network.

According to AMBCrypto’s examination of Artemis’ data, the Polygon proof-of-stake (PoS) chain massively outperformed other scaling networks in daily active addresses and transactions in 2024.

Polygon Network activity

Source: Artemis

Take for instance, the daily active addresses count on Polygon PoS on the 26th of March was 1.1 million, more than triple the count of the second-best ranked chain on the list. A similar trend came to light when it came to transaction count.

Will whales show interest?

The chain’s native token MATIC rose 1.73% in the last 24 hours, taking its last seven-day gains to over 11%, as per CoinMarketCap. MATIC’s performance was in line with the broader altcoin market report card. On a YTD basis, the crypto was up 12%


Is your portfolio green? Check out the MATIC Profit Calculator


Interestingly, the rise was not built on whales’ accumulation. Using Santiment, AMBCrypto noted a sharp drop in whale transactions in 2o24.

Moreover, the holdings of these influential investors remained flat during this time, implying lower engagement from whales.

Polygon whales

Source: Santiment

Previous: Dogecoin: Betting on a 30% hike? DOGE’s price prediction says…
Next: BlockDAG Surpasses HNT’s Growth and BlackRock’s Innovations
Tags: DailyMATICsmillionmovePolygonUsers

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