Polygon dApp volume crosses $100M: Will this help MATIC's price?
What was MATIC's trading price and recent percentage drop?
MATIC was trading at $0.5524 and experienced a 1.08% drop in the last 24 hours. Since the 7th of June, the price of MATIC had fallen materially, exhibiting multiple lower lows and lower highs, indicating a bearish trend.
Are more developers building on Polygon due to dApp success?
Yes, the success of dApps like Polymarket on Polygon is attracting more developers to build on the platform. This leads to a wider range of applications, further enriching the Polygon ecosystem, and potentially positively impacting the price of MATIC, Polygon's native token.
How might increased dApp interaction affect MATIC's demand?
Increased dApp interaction on the Polygon network could potentially boost the demand for MATIC. As more users engage with dApps, the need for MATIC for gas fees and other functionalities may rise. This increased demand, if sustained, could potentially drive up the price of MATIC, Polygon's native token.