- 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.
I am not sure if a lot of ppl noticed that Polygon POS smoothly processed 17mn transactions in a single day, generated 1.2mn revenue for the stakers. Insane!Shout out to core devs, validators and everyone participating in running the network pic.twitter.com/ZAV2gQAEjb
— Sandeep Nailwal | sandeep. polygon (@sandeepnailwal) November 18, 2023
Polygon Network Comes to Life
But it did not end there as Today in Polygon, a handle dedicated to tracking development on the network revealed some other things that happened. According to Today in Polygon, crypto excha…
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