The Polygon token's price is up 48% this year
MATIC was recently trading at $1.11. It is up 48% since Dec. 31 amid a spike in daily transactions that have made the blockchain the second largest for daily active users (DAU). Ethereum's second-tier scaling network came in second in terms of daily users, behind only BNB Chain.
The DeFi-segment blockchain (TVL) volume of funds blocked in the protocol increased to $1.2 billion. The figure is far behind the June 2021 peak of $9.9 billion.
According to the expert, activity on the network may still increase thanks to projects that have not yet released their own tokens, but will do so in the near future.