Polygon network has seen massive RWA interest recently, inducing slight network effects. Will MATIC ride the RWA wave?
‘So many RWA’s launching on Polygon organically is very encouraging…Polygon POS is already second only to Ethereum mainnet in terms of the RWA value created.’, the statement was overstated. The platform showed that Polygon was the fifth-largest network based on total market cap, especially in the US tokenized securities market.The rising RWA interest revealed some positive network effects, as denoted by a surge in MATIC’s daily active addresses, per Sentiment data.
Notably, the RSI recovered but remained muted below the average level . It meant that the recent recovery didn’t gather enough buying pressure to guarantee a stronger upside.
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