On-chain activity for the Ethereum layer-2 network has picked up recently, but token prices remain at deep bear market levels.
Polygon’s native token MATIC could be in for a resurgence soon. Analysts have spied a “notable spike” in active addresses and dormant coins coming back to life.
On Aug. 28, blockchain analytics platform Santiment said there has been a surge in onchain activity on Polygon.
The chart shared on X shows a strong surge in dormant token movement this week, coinciding with this year’s second-highest number of Polygon addresses interacting with the network.
