Polygon’s NFT ecosystem might witness growth as it launched the first NFT collection on the zkEVM mainnet. MATIC’s response was positive, as its price increased in the last 24 hours.
, MATIC’s price increased by more than 2% in the last 24 hours. At the time of writing, it was trading at $0.983 with a market capitalization of over $9 billion.Matic’s demand in the futures market increased, as evident from its green Binance funding rate. Net deposits on exchanges were
compared to the 7-day average. This can be interpreted as lower selling pressure. However, apart from these, most metrics were against a price hike.MATIC’s network growth declined, hinting that fewer new addresses were used to transfer the token. Whales’ interest in Polygon also seemed to have declined.’s supply on exchanges. This was accompanied by a decline in the token’s supply outside of exchanges, which is a typical bearish signal.
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