• Activity on the Polygon network reached new highs.
• The price of MATIC continued to grow along with velocity.

According to a tweet by Today In Polygon on the 13th of March, Polygon’s [MATIC] Proof of Stake (PoS) network achieved a new milestone, with its daily active addresses hitting a record high of 1.23 million.

This marks a significant achievement for the PoS chain, which has maintained over 1 million daily active addresses for a continuous span of 20 days.

A surge in activity

Due to the heightened activity on the network, Polygon’s TVL (Total Value Locked) also grew. The increased TVL contributes to the overall liquidity of the Polygon network.

This liquidity is crucial for the smooth functioning of DeFi protocols, enabling users to trade, lend, borrow, and participate in yield farming activities efficiently.

A higher TVL also implies more assets available for use within the ecosystem, potentially attracting more users and projects seeking to leverage the liquidity and functionality offered by Polygon’s blockchain.

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Author: Himalay Patel

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