poly

Polygon is at risk of a significant price drop following the formation of a bearish technical pattern—despite the rise of its decentralized finance and stablecoin activity.


The Polygon (POL) token was trading at $0.2355 on Thursday, down a few points from this week's high of $0.2765.
DeFi Llama data shows that the amount of stablecoins in its ecosystem is increasing again this month. Stablecoin supply rose to $1.98 billion, up from a year-to-date low of $1.67 billion.

Meanwhile, a report from Messari noted that the supply of stablecoins on the network increased by 23% in the first quarter, while the number of active stablecoin wallets increased by 30%.

DAI holds a 47% market share on Polygon, followed by USD Coin and Tether with 31% and 13% shares respectively.

Additional data shows that the total value locked on the polygon network is slowly recovering. TVL is $1.03 billion, up from an all-time low of $736 million.

The growth in terms of POLs has been even more remarkable, with the number rising to 4.35 billion POLs from 1.86 billion POLs in January.

Nansen's data also showed that the number of weekly transactions on Polygon rose 9% to 19.27 million, more than Arbitrum's 12 million.
Decentralized exchange transactions on Polygon surged 48.46% in the past seven days to nearly $1 billion.
Polygon's main challenge is that it continues to lose market share to newer Layer-2 networks like Unichain, Base, and Orbitrum. For example, Unichain, which was launched in February, handled more than $3.8 billion in transactions.
Polygonal Price Technical Analysis
The daily chart shows that POL bottomed out at $0.1500 in April and then rebounded as the broader crypto market rallied.

The token has retested key resistance at around $0.2863, the lowest level since November last year.

However, the coin has formed a slowly rising wedge pattern, defined by two upward sloping and converging trend lines.

This pattern often signals a possible bearish breakdown when the price is near the confluence point.
If a breakdown occurs, Polygon could fall to the next support level at $0.1504, the April low, which is about 40% below the current price. A decisive move above the $0.30 resistance level will invalidate the bearish outlook.

#Polygon #poly #pol

#Poly gon's Secret $20.7 Million NFT Explosion That Crushed Ethereum

For the first time ever, Polygon NFT sales obliterated Ethereum's weekly volume—$22.3 million vs $19.2 million—driven by a secret $20.7 million whale project most crypto traders have never heard of.

Hidden behind Polygon's 45% surge to $0.35 is COURTYARD—a revolutionary platform tokenizing physical trading cards stored in Brink's vaults. Single-day sales peaked at $2.746 million, representing 93% of Polygon's total NFT volume and driving the network's first-ever victory over Ethereum.

$MATIC now processes 5.9 million daily active wallets versus Ethereum's 1.7 million, with 98% lower fees ($0.01 vs $30). The network added 1.3 million new wallets in April alone, achieving 71% user retention compared to Ethereum's 54%.

Disney, Google Cloud, and Nike have quietly built on Polygon, while Fortune 500 companies accumulate positions. The network captured **64% of all Ethereum Layer-2 activity** and became the primary blockchain for **$1.32 billion in stablecoin supply.
$POL

Blockchain technology is amazing but it is not without problems. Ethereum one of the biggest names in the space has been a pioneer in decentralized apps and smart contracts but it can get slow and expensive when too many people are using it. This is where Polygon comes in. Think of Polygon as a fast highway built alongside Ethereum letting transactions move quicker cheaper and smoother.




What Exactly Is Polygon


Polygon is a Layer 2 blockchain solution built to work with Ethereum. It was first launched as Matic Network in 2017 and rebranded to Polygon in 2021 to reflect its bigger vision building a connected network of blockchains that are compatible with Ethereum


In simple words Polygon makes Ethereum easier to use for developers and everyday users. Transactions are processed faster fees are lower and it still enjoys Ethereum’s security. It is like upgrading from a crowded city street to a high speed freeway




How Does Polygon Work


Polygon speeds things up and keeps costs down using a few clever tricks


1 Proof of Stake Validators

People who want to secure the network can stake POL tokens. They check transactions and maintain the network. In return they earn rewards


2 Sidechains

Transactions happen on Polygon’s sidechains instead of Ethereum’s main chain. This reduces congestion and lowers fees while keeping everything safe


3 AggLayer

Polygon’s AggLayer lets different blockchains talk to each other. This means you can move assets across chains without hassles helping create a bigger more connected ecosystem


Put together these systems make Polygon fast secure and super affordable for global payments apps and even games




What Makes Polygon Special


Speed – Handles thousands of transactions per second

Low Fees – A fraction of Ethereum’s costs

Security – Inherits Ethereum’s strong security features

Interoperability – Works with multiple blockchains thanks to AggLayer


This mix makes it attractive for developers building apps companies handling payments or anyone wanting fast cheap transactions




POL Token What It Does


The POL token is the lifeblood of Polygon. Here is how it is used


Staking – Secure the network and earn rewards by staking POL

Transaction Fees – Pay fees on the Polygon network

Governance – Have a say in decisions that affect the network

AggLayer Participation – Move assets between chains and help unify liquidity


POL is not just a token it is the glue that keeps the Polygon ecosystem running smoothly




Why Investors Might Like POL


Investors often look at POL for a few reasons


Earning Through Staking – Stake your tokens to earn passive rewards

Growth Potential – As Polygon adoption grows demand for POL could rise

Ecosystem Exposure – Supporting POL also means supporting DeFi apps NFTs and games built on Polygon


And if you want to trade POL it is available on major exchanges like Binance making it easy to buy sell or stake




Who Is Behind Polygon


Polygon was built by a team of passionate developers from India


Jaynti Kanani – Founder blockchain engineer

Sandeep Nailwal – Co founder product strategist

Mihailo Bjelic – Co founder blockchain researcher

Anurag Arjun – Co founder growth strategist


Today the team has expanded globally continuously improving the network and building tools for developers and users alike




What Is Next for Polygon


Polygon has big plans for the future


Even More Scalability – Keep increasing transaction speed and capacity

Expanding AggLayer – Connect more blockchains for a smoother ecosystem

Better User Experience – Faster apps lower latency simpler interfaces

Sustainability – Keep energy use low and eco friendly


The goal is simple make blockchain technology faster cheaper greener and more usable for everyone




Final Thoughts


Polygon is not just a blockchain it is a complete solution for Ethereum’s growing pains. It makes transactions fast fees low and allows different blockchains to work together. With its POL token powering staking fees governance and cross chain operations Polygon is ready for global adoption


If Ethereum is the foundation Polygon is the high speed upgrade making everything run smoother. For developers investors and everyday users it is a game changer in the world of blockchain
@Polygon $POLYX #Poly gon