• Polygon saw a surge in its DEX volume recently.
• MATIC rose to its highest level in weeks.

The Polygon [MATIC] network boasted of the highest volume of Decentralized Exchange (DEX) users. As per Sea Launch’s data on Dune Analytics, at press time, Polygon’s DEX volume exceeded $1.6 billion.

This placed the network as having the fourth-largest DEX volume at press time, marking the highest level observed in over a year. Earlier in March 2023, the volume was approximately $1.5 billion.

Additionally, when examining the number of DEX users, Polygon ranked third. At the time of this analysis, the network boasted over 204,000 DEX users.

Polygon PoS maintains 1 million threshold

In recent days, Polygon’s Proof-of-Stake (PoS) addresses showed a consistent uptrend. The rise started from around the 22nd of February, surpassing the 1 million mark at this time. 

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Author: Adewale Olarinde

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