Polygon [MATIC] has witnessed a decline in its network activity over the last few weeks. As per Dune’s chart, Polygon’s unique addresses have registered a downtrend, which was concerning for the network ahead of the zkEVM mainnet launch. The same trend was seen in the network’s monthly transactions, which also declined over the last few months.
Source: Dune
Read Polygon’s [MATIC] Price Prediction 2023-24
It was interesting to note that while MATIC’s network usage registered a decline, Convex Finance was recently launched on Polygon and registered a growth in TVL.
<p lang=«en» dir=«ltr» xml:lang=«en»>.@ConvexFinance launched on Polygon recently. Their TVL is already growing heavily on @0xPolygon @0xPolygonDeFi is gonna go through a big revival with #zkEVM very shortly!Lets build the coolest Defi ecosystem on #zkEVM pic.twitter.com/pOgTlfFgfy
— Sandeep Nailwal | sandeep. polygon
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