Is It Rally Time for Ethereum Rival Altcoin: Network Activity Hits a Record!

Activity on the Ethereum (ETH) layer-2 (L2) scaling solution Polygon (MATIC) network is at its highest levels in 2023.

While the cryptocurrency market has witnessed significant upward movements recently MATIC He was among the leaders at this point. Parallel to the increase in price Activity of the polygon network reached levels not seen in a long time.

“Representing the cost of transaction fees on the network, according to data provided by on-chain data platform Polygonscan.”gwei16 November day 4435 gwei rose to the level of . This 2023 It was recorded as a level never seen before during the year.

On the other hand, the number of transactions on the Polygon network witnessed a significant increase for the first time this year. of 6.1 million He climbed on it. The amount of transactions on the Polygon network in the last 24 hours alone 113% increase exhibited.

Market experts suggested that increased activity on the Polygon network could push the price higher. Increase in network activity Increasing interest of investors towards the project Analysts stated that it clearly shows that the interest growing like an avalanche A new one for MATIC bull run you can start defended.

Polygon’s ecosystem development wallet recently launched to 70 addresses in total $199 million worth 217 million MATIC It came to the fore by distributing it.

According to CoinGecko data, in the last week %12 MATIC, which is on the rise, is at the time of writing. from $0.909 is being traded.

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