There has been a significant increase in the activity of the Polygon chain in recent days, with the number of single-day transactions approaching 8 million, making it high this month. At the same time, POL has risen by about 5 per cent over the past 24 hours, with a turnover of about $50 million, and market interest has returned to network use and financial flows.
A single-day deal rises to the top of the month.
The data show that Polygon processed more than 7.95 million transactions on a single day and that, although it subsequently fell slightly, the average number of transactions has remained at over 7 million in the recent past. Since it went online, Polygon has processed more than 75.40 billion transactions.
The expansion of payment infrastructure was mentioned as one of the backdrop to the recent increase in activity. Polygon currently supports more than 5,000 payment processing capabilities per second, which also leads to increased frequency of use in the chain.
Stable currency up to $3.45 billion.
In addition to active trading, the supply of stable currency in the Polygon chain is also growing. The total market value of the network has now exceeded $3.45 billion, ranking eighth in all public chains.
However, Polygon currently has only 102 certifiers, which has once again been discussed with regard to its decentrization. It was also mentioned that the number of certifiers was not the only indicator, and that the control of certifiers, pledge distribution, governance structures and diversity of certifiers could also affect the actual decentrization of networks.
The address on the chain buys about 6 million POLs.
In terms of financial flows, Arkham, a chain-based data platform, shows that an address was first deposited with FalconX for approximately $310 million USDC and then bought 6 million POLs at an average price of about 0.07899, with a transaction value of approximately $4.74 million.
The operation was interpreted by the market as an increase in the number of signals indicating that some large amounts of money were being paid attention to POL. However, it was also mentioned that FalconX could also be used for the subsequent sale of coins, and therefore single-chain moves alone would not be sufficient to identify trends alone.
Key position on the price breakback.
In terms of price, POL has broken through a horizontal resistance position near US$ 0.08135. Previously, the position had limited the currency to maintain inter-council shocks, down to approximately 0.07232.
According to the article, if the price continues to hold steady above US$ 0.08135, the market will focus on resistance near US$ 0.08806 and a higher US$ 0.09511 area. If the position falls back below, the movement may return to a state of consolidation or weakness.
Overall, Polygon ' s current trade activity, stable currency size and large address buy-in have jointly increased market interest in POL ' s short-term performance.