Fusaka

Polygon (Old)

Surge

<p><strong>Key Insights:</strong></p>
<ul>
 <li>Polygon’s price has dropped to $0.1200, despite significant network growth after the Madhugiri hard fork.</li>
 <li>Over 8 million transactions were processed in one day post-upgrade, with a 93% increase in monthly transactions.</li>
 <li>Polygon’s active addresses and fee collection surged, supporting its deflationary token burn mechanism.</li>
</ul>
<p>Polygon’s price has fallen to its lowest point this year, dropping to $0.1200, despite the significant growth in network activity following the recent Madhugiri hard fork. The token’s value has slid by double digits from its high of $0.2970 in September, marking a noticeable downturn for the blockchain network that has been a major player in the crypto space.</p>
<p>The network’s recent Madhugiri hard fork has brought substantial improvements, including a 33% increase in transaction speeds and the introduction of a 1-second block consensus. These upgrades, along with support for Ethereum's Fusaka upgrade, have resulted in a remarkable rise in Polygon’s network transactions. Over 8.1 million transactions were processed in a single day following the update, and the network’s transaction volume has soared by 93% over the past month, now reaching 158 million.</p>
<h2 class="wp-block-heading" id="active-addresses-and-fees-see-significant-increases">Active Addresses and Fees See Significant Increases</h2>
<p>The increase in transactions has also led to a 54% surge in active addresses, which now total 13 million. This rise in activity has positively impacted the network’s fees, which have grown by 27%, amounting to $778,000. Polygon’s ongoing token burns, funded by these fees, aim to offset the new POL issuance, providing a measure of deflationary pressure on the ecosystem.</p>
<figure class="wp-block-image size-large">
 <img src="https://coinfutura.com/wp-content/uploads/2025/12/image-212-1024x523.png" alt="">
 <figcaption>
  Source: TradingView
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</figure>
<p>Polymarket, which runs on Polygon, has played a role in further boosting the network’s activity. With a transaction volume of $4.3 billion in November, Polygon is set for further growth, particularly with its expanded presence in the United States. The network’s overall ecosystem continues to grow, underpinned by a strong base of applications like Polymarket, enhancing its attractiveness to investors and developers alike.</p>
<h2 class="wp-block-heading" id="price-struggles-despite-strong-fundamentals">Price Struggles Despite Strong Fundamentals</h2>
<p>Despite these positive metrics, Polygon’s price remains under pressure, causing concern that the token has become undervalued. A market cap comparison with other blockchain networks like Sui highlights the discrepancy. Polygon’s DeFi total value locked (TVL) stands at $1.19 billion, while Sui’s is lower at $931 million. Additionally, Polygon holds over $2.825 billion in stablecoin supply, far exceeding Sui’s $0.5 million.</p>
<p>On the technical front, Polygon's price continues its downward trend, with the token currently below its key support level of $0.1520. However, the formation of a falling wedge pattern suggests a potential rebound. Should this occur, the price could rise by up to 30% to test the $0.1520 resistance level.</p>
<p>The post <a href="https://coinfutura.com/polygons-price-struggles-despite-surge-in-network/" target="_blank" rel="noopener noreferrer nofollow">Polygon’s Price Struggles Despite Surge in Network Activity</a> appears on <a href="https://coinfutura.com" target="_blank" rel="noopener noreferrer nofollow">Coin Futura</a>. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.</p>

Polygon’s Price Struggles Despite Surge in Network Activity

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