How Polygon (MATIC) Continues to Climb the Market Cap Rank Charts

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Apr 28, 2021

MATIC has pressed its way up to being the 37th largest market cap in cryptocurrency, and this is no fluke according to Santiment's on-chain and social fundamental metrics.

Here are a few quick charts that we can use that foreshadowed the monumental growth from the ETH-based asset, particularly its peak +185% price jump in just the past five days.

The Good News

Daily Active Addresses have exploded the last couple of days, and continue its long-term rise.

Network growth shows a similar long-term rise.

Unique tokens are being circulated between addresses at a significantly faster rate.

The Bad News

The rate of development from MATIC's Github is moving downward.

Whale addresses with 100,000 tokens or more are declining over the past 6 weeks.

Active deposits are not far behind active addresses, meaning plenty of coins are being moved to exchanges to take profit.

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Apr 28, 2021

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$ 2.17

92.03%in last 7d