Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Why MATIC is struggling despite Polygon’s activity milestones
ALTCOIN NEWS

Why MATIC is struggling despite Polygon’s activity milestones

By Crypto FlexsMay 26, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Why MATIC is struggling despite Polygon’s activity milestones
Share
Facebook Twitter LinkedIn Pinterest Email
  • The Polygon network has consistently exceeded 1 million daily active addresses for 65 days.
  • TVL and DEX trading volume decreased.

Polygon (MATIC) has continued to attract a lot of users over the past few months. The ecosystem was not only able to attract users but also retain them.

Increasing polygon activity

Recent data shows that the Polygon network has maintained a record of over 1 million daily active addresses for 65 consecutive days.

Source: X

Nonetheless, on the DeFi side, Polygon has struggled. Overall, decentralized volume (DEX) has decreased from $320 million to $50 million over the past few weeks.

Additionally, Polygon’s Total Value Locked (TVL) decreased significantly from $1.2 billion to $980 million.

Source: Artemis

These factors have had a significant impact on the revenue generated by the Polygon network. AMBCrypto’s analysis of token terminal data shows a 42% increase in revenue over the past month.

Similarly, development activity has also decreased by 14% over the past 30 days.

Source: Token Terminal

If the number of code commits on the network continues to decline, this could have a significant negative impact on the Polygon network.

The token has not had a positive time in terms of price movements either. Since April 9, the price of MATIC has been falling, making several lower lows and lower highs.

This pattern suggests that a bearish trend has been established. Despite several attempts by MATIC to break the trend, the price remained consolidated between the $0.7802 and $0.6346 levels.

The price will need to retest and weaken the $0.7802 resistance level before a reversal appears.

The Relative Strength Index (RSI) has declined significantly during this period, meaning that the bullish momentum around MATIC has weakened.

On the positive side, Chaikin Money Flow (CMF) has grown, which means that funds flowing into MATIC have increased rapidly.

At press time, MATIC was trading at the following prices: $0.7191.

Source: Trading View


Realistic or not, the market cap of MATIC in ETH terms is:


Holders are shown in green and tokens are shown in red.

MATIC’s network growth has also declined over the past few days, indicating a lack of interest in new addresses.

The MVRV ratio has also risen, suggesting that most holders are profitable and may have an incentive to sell their tokens in the future.

Source: Santiment

Next: PEPE rises 57% in 7 days, but the bulls are waiting for something else.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Metaplanet’s bitcoin strategy is having trouble with stock plummet in the crisis of financing.

August 31, 2025

Next chapter of ecosystem support program

August 31, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

BNB price forecast: Target $ 890- $ 900 in September 2025.

August 31, 2025

After BTS Star Jungkook has 39 billion hacking, South Korea will crack down on encryption fraud.

August 30, 2025

FY Energy Offers Industry-leading Cloud Computing Systems, Offering Opportunities For Daily Passive Income Of $7,580 Through Mining.

August 30, 2025

Four coins to be purchased as decisions for five branch XRP ETFs will be pushed until October.

August 30, 2025

Ethereum-Based Meme Project Pepeto ($PEPETO) Surges Past $6.5M In Presale

August 29, 2025

Use Australia’s Top Cloud Mining Tools To Become A Millionaire!

August 29, 2025

Bitcoin is under pressure with gold aiming to be the highest ever.

August 29, 2025

The US government posts GDP data on Bitcoin block chain.

August 28, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Metaplanet’s bitcoin strategy is having trouble with stock plummet in the crisis of financing.

August 31, 2025

Next chapter of ecosystem support program

August 31, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025
Most Popular

Women Are More Optimistic About Blockchain Games Than Men: Web3 Gamer

December 24, 2024

Allocation Update: Q1 2023 | Ethereum Foundation Blog

December 3, 2023

Study Reveals How Emoji Emotions Affect Cryptocurrency Markets

February 20, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.