Will Polygon’s new 10M milestone help MATIC prices?

Polygon was approaching the impressive benchmark of 10 million monthly active users on its platform. How will MATIC do going forward?

Polygon Data from token terminal indicated that the number of users on the Polygon network were close to 10 million at the time of writing.The surge in activity on the network was driven by the popularity of the Polygon ecosystem. Despite the rising activity on the network, the state of DeFi on the network wasn’t as positive.

Adding to that, the TVL on the Polygon network also fell significantly during this period. According to the data, the daily TVL collected from Polygon fell from $1 billion to $942 million over the last few days.Due to these factors, the fees generated by the network have fallen materially. Coupled with that the revenue generated by the network declined significantly.

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