Key Takeaways
Polygon’s POL surged 12% to $0.2736 on rising Active Addresses, Daily Transactions, and buyer accumulation. Yet profit-taking and higher Spot Netflows suggest caution.
After defending support at $0.23, Polygon [POL] rallied 12.72% to a three-month high of $0.2736. Over the same stretch, trading volume jumped 34% to $315.7 million, while market cap touched $2.8 billion.
Polygon’s demand surges
Polygon’s network usage has strengthened sharply.
According to Artemis, Active Addresses climbed from 447k to 665k – a 25% increase, signaling revived demand.
At the same time, Daily Transactions recovered to 4 million — an increase of 7.9%, reflecting higher on-chain activity.
According to X (formerly Twitter) user Dhee, these transactions were boosted mainly by the recent Polygon PoS USDT upgrade to the USDT0 standard. This made Polygon the leader in transacting USDT0 addresses.
Source: Dhee on X
Also, on the 18th of August, Sealunch data showed Polygon recorded 780k transacting addresses, ahead of Arbitrum’s 492k.
Meanwhile, Polygon seemed to gradually become
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Author: Gladys Makena
