Cryptocurrency price Polygon (POL) fell to a new low this year of $0,1200, well below the September high of $0,2970.
Price Polygon remains below all moving averages, while the upper oscillators continue to fall.
Exchange rate collapse Polygon This occurred despite the network having some of the best fundamental metrics. For example, the number of transactions increased sharply after developers activated the Madhugiri hard fork, which introduced new features.
This has increased transaction speed by 33%, enabled 1-second block consensus, and provided support for the recently launched upgrade. Ethereum Fusaka.
Data shows that after this update Polygon processed over 8,1 million transactions in a single day. According to Nansen, the number of transactions has grown by 93% over the past 30 days, exceeding 158 million. This growth Polygon became the second fastest growing network after Monad.
As a result, the amount of commissions collected increased by 27% to $778,000. This is important because Polygon constantly burns its commissions, which helps offset the issuance of new POLs.
Prediction market polymarket also played an important role in the development of the ecosystem PolygonIn November, the network’s volume already reached $4,3 billion, and this figure is set to grow as the platform becomes available in the US.