Polygon ($POL) Reaches New Heights as its Ecosystem Thrives
Polygon’s price surged recently as its network saw important growth across multiple metrics.
NFT Sales surge: According to CryptoSlam, NFT sales on Polygon zoomed 14% in the past week, reaching $18.9 million. Buyers increased by an impressive 64%, totaling 65,626. A highlight was courtyard, which reported sales of $17 million—a 17% jump. These gains outpaced other major chains like Ethereum and Bitcoin, which experienced declines.
Active Users Climb: Nansen’s data reveals a 10% rise in Polygon’s active user base over seven days, hitting 2.4 million. This contrasts with losses seen on competing networks such as Solana and Base.
The U.S. government further boosted confidence by relocating some data to polygon-based solutions. This move supportive of blockchain technology was highlighted by the Commerce Department.
- In the stablecoin sector, Polygon’s supply reached a record-breaking $1.32 billion.
- Polygon now furnishes over 50% of all non-USD stablecoins globally.
Technically, Polygon’s price has broken through critical resistance at $0.2620. Market analysts predict it could target $0.3850, pushing up by 46%. The network’s surge reflects a compelling product-market fit, especially in developing economies, showing strong potential for future gains.
