Polygon Processes Over $214 Billion In DEX Volume As Adoption Explodes, Why Is POL Struggling?

Quick Summary:

Besides the huge transaction count processed by Polygon, going by trends, it is highly likely that the Aggregation Layer, better known as the AggLayer, will boost liquidity and general utility.   The AggLayer will be central to Polygon’s mission to scale Ethereum further while connecting all layer-2s technology built using its technology.

Over $214 Billion In DEX Volume Processed Via Polygon Aggregating data from DeFiLlama, an analytic platform, and the Aggegration Layer, a core hub for Polygon, the sidechain said it has deep liquidity and maintains a strong alignment with Ethereum.

Related Reading: Bullish Signals Emerge For Ethereum: Price Rises Above Downward Trendline And Key MA Levels That Polygon is eager to scale without comprising security could explain the rising adoption levels.

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Article Details

Author / Journalist: Dalmas Ngetich

Category: Crypto

Markets: United KingdomKenyaUnited States

Topics: AggLayer POLUSDT POL MATIC Polygon Polygon Price Ethereum POL Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-11 @ 23:15:53 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 399 words

Reading Time: 3 minutes read

Sentences: 76 lines

Sentence Length: 6 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 22464128

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