Polygon's MATIC Token Plummets 85% From All-Time High
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最新报道：Polygon's native token MATIC has dropped over 85% from its all-time high of $2.70 in December 2021, currently trading around $0.40. The layer-2 scaling solution for Ethereum has faced significant market pressure amid the broader crypto downturn, despite maintaining strong developer activity and network usage. Polygon recently announced partnerships with major firms like Starbucks and Nike for NFT projects, but these developments haven't prevented the token's steep decline. Analysts attribute MATIC's underperformance to the overall bear market, competition from other scaling solutions, and delayed upgrades to Polygon's core technology. The network's daily active addresses remain above 400,000, suggesting continued utility despite price struggles.
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