Is Polygon Facing Trouble in the MATIC Paradise Amid its Web3 Expansion Plans

NFT

Polygon is the best way to gain an early mover advantage in NFT, DEF, and gaming. For the growth of their NFT space, Polygon had partnered with major brands such as Meta and Disney. The polygon NFTS volume went down very poorly over the past week.

A report published by Cumberland says 37,000 dapps were using the Polygon POS. There were 35 programs with a TVL of above $5 million. The total TLC of Polygon has slowed down since last October. There were more whales at Polygon than there were.

The whales were giant at Mattic as well. The development activity for Mattie Total has been down for the past few days. The whales might not like Polygon when we wrote and are searching for a home base elsewhere.

Polygon’s Market Value to Realized Value (MVRV) ratio was rising. However, unlike the development activity, their work on upgrading is not as hard as it should be.

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