Polygon Sees New Developers
A recent report highlights Polygon’s notable increase in new developers compared to other networks in the past year. The network secured the second position, following Ethereum [ETH], in terms of the number of new developers.
- The network currently holds the 39th position with 4,409 GitHub commits.
- Developer activity over the past week has decreased by 45.86% compared to the previous month.
- Commits witnessed a reduction of 43.87% compared to the month before.
Celsius Moves More MATIC to Exchanges
Simultaneously, Celsius, a bankrupt crypto lender, continued its token movements on the Polygon network. This move is part of the institution’s ongoing sales initiated last year to meet client obligations.
According to a recent update from Spot on Chain, Celsius transferred 25.75 million MATIC, valued at around $21.26 million, to two exchanges:
- 22.73 million MATIC, worth around $18.79 million, was deposited on Binance.
- 3.02 million MATIC, valued at $2.47 million, found its way to Crypto.com.
As a response to these developments, data from Santiment indicated a decline in MATIC’s volume. Initially exceeding $800 million on January 11th, the volume subsequently dropped to around $313 million by January 17th. However, as of the latest update, the volume has experienced a slight increase, reaching around $444 million.
Examining the daily timeframe price chart, a reversal occurred on January 17th following attempts to rise. By the end of the trading day on January 17th, the price reduced by over 4%, settling at around $0.8. As of the most recent update, there is a slight uptick, with the current trading value at around $0.81, showing an increase of around 0.5%.
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