![Polygon’s [MATIC] price shoots up after recording handsome growth in…](https://i.headtopics.com/images/2023/1/27/cryptoamb/polygon-s-matic-price-shoots-up-after-recording-ha-polygon-s-matic-price-shoots-up-after-recording-ha-1618905404192202752.webp)
DeFi protocols powered Polygon’s network growth. MATIC’s price rallied by over 10% at press time. Polygon’s [MATIC] fantastic 2023 continued and investors couldn’t have asked for more. As a crypto market analyst revealed on 26 January, the scaling solution surpassed Ethereum [ETH] in daily active users by blockchain, hitting more than 344k users at press […]
by 10% over the past 24 hours at the time of writing. A bullish surge experienced since the start of 2023 saw MATIC almost reversing the FTX-induced losses.Polygon’s on-chain growth could have got solid impetus from its expanding DeFi protocols.
While the total value locked of bigger chains fell over the last 24 hours, the TVL across Polygon recorded a jump of 1.13% to hit $1.19 billion.Alongside this, popular protocols such as Quickswap and Uniswap V3 saw steady growth in unique active wallets and transaction volume.
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