Regardlessย of Polygon (MATIC) taking a cue from the rest of the digitalย currency market in recording declines inย theย previous few weeks, the Layer 2 blockchainย tech that intendsย toย assist Ethereumย (ETH) with its scalability has recently witnessed an uptick in the number of new addresses created daily on it.
As it happens, the number of new MATIC addresses created on the Polygon network daily on May 22 stood at 556, the levels which the blockchainย tech has not seen since February 2021, or in over two years, reportsย by the data shared by prominent cryptocurrency analyst Ali Martinez on May 23.
By press time, this number has grown further, amounting to 618 new addresses created on the Polygon network on May 23, reportsย by the most up-to-date information retrieved by Finbold from the cryptocurrency tracking and analytics platform Glassnode on May 24.
Simultaneously, the total number of all addresses on the Polygon chain as of May 23 amounted to 1,838,035, recording an increase of 10.68 percent from the 1,660,743 addresses it had on January 1, 2023, and 39.3 percent growth since this time aย yearย ago, as the charts demonstrate.
Polygon price analysis
As things stand, Polygon is asย ofย now currentlyย worth the price of $0.87, which demonstrates a fall of 1.58 percent in theย previousย day, likewise as a decline of 12.71 percent over the previous 30ย days, whereas, in the lastย week, it has recorded a 1.10 percent gain, reportsย by the data retrieved on May 24.
Inย theย meantime, Polygon has announced a substantial upgrade of its network fee structure, zkEVM optimizations, and a 20 percent cut in transaction charges, making its native cryptoย token one of the best and (still) cheap digitalย currencies to buy in June 2023, hinting at the likelihoodย of price growth in the near future.
Disclaimer: The content on this site should not be considered financing advice. Investing is speculative. Andย once investing, your financialย resources is at risk.
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