MATIC overtakes BTC and ETH in key metric: Can its rally continue?

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MATIC overtakes BTC and ETH in key metric: Can its rally continue?
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Polygon’s price increased by more than 50% in January 2023. MATIC’s NFT ecosystem continued to grow and metrics looked in its favor. Polygon [MATIC] outperformed cryptos with a higher market capitalization, including Bitcoin [BTC] and Ethereum [ETH], in terms of its performance on the price front in January 2023. As per the latest data, MATIC’s […]

revealed that MATIC’s price increased by over 7% in the last seven days, and at the time of writing, it was trading at $1.26 with a market capitalization of more than $11 billion.

But not only in terms of price, MATIC also registered growth in its unique addresses lately as it exceeded that of2/ Polygon's unique address count has been growing rapidly and continues to overtake BNB Chain and Ethereum, positioning itself as a leading player in the blockchain space.MATIC ended the last year on a good note as its NFT ecosystem flourished. As per Polygon Daily’s, Polygon’s NFT transaction count and transfer count skyrocketed in December 2022.

This surge can be attributed to the launch of several projects on the network, such as Reddit Collectible Avatar, Lens Protocol, and more.

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