According to Artemis' data, over the past week, the liquidity of stablecoins on the Polygon network increased by 5.37%, reaching a total of $1.54 billion.
However, NFT’s volume declined and MATIC went on a downward trajectory.network has been consistently experiencing high levels of activity for a long duration now. This occurrence may be attributed, in part, to a notable upsurge in stablecoin volume on the network.According to Artemis’ data, over the past week, the liquidity of stablecoins on the Polygon network increased by 5.37%, reaching a total of $1.54 billion.
The presence of stablecoins can potentially attract more users to the network who are in search of a secure and reliable store of value for their assets.In terms of daily activity, the Polygon network was doing relatively well. Artemis’ data indicated a spike in user activity over the last few weeks.In the last few days, the total number of transactions being made on the network declined from 2.81 million to 2.09 million.
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