After periods of rise, like the one that occurred on $MATIC in the last month (with an increase of around 12%), it is common for investors to sell their assets to secure profits, which creates downward pressure on the price.
The intense competition with other layer 2 solutions for Ethereum, such as Arbitrum (ARB) and Optimism (OP), as well as with other smart contract networks like Solana (SOL) and Avalanche ($AVAX ), can also influence the perception and price of MATIC. In this case, MATIC has seen a decline in trading volume, falling below AVAX.
Beyond short-term price fluctuations, the true strength of Polygon lies in its utility and long-term vision.
Polygon has formed strategic partnerships with real-world giants such as Starbucks, Disney, Instagram, and Adidas. These collaborations demonstrate the trust of large companies in Polygon's technology for Web3 projects, NFTs, and other use cases.
