Polygon's transaction volume has surged to a 2021 high, fueled by increased activity in prediction markets and stablecoin settlements. Despite this uptick in usage, the price of POL continues to face downward pressure, with technical indicators suggesting a bearish trend. A recent network upgrade has enhanced throughput by 30%, enabling 1,400 transactions per second and reinforcing Polygon's position as a cost-effective settlement solution. However, spot trading volume remains low, and open interest in POL derivatives has not reached previous highs, indicating a disconnect between transaction growth and price performance.
Polygon Transaction Volume Reaches 2021 High Amid Price Decline
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