Report Shows Polygon Users Rivaled Ethereum In 2023, But Why Has Price Failed To Clear $1?
Summary
Polygon and Ethereum acquired the most users in 2023, with Polygon gaining 15.24 million users and Ethereum attracting 15.4 million. Despite falling short of Ethereum, Polygon outperformed other networks like Bitcoin and Solana. However, MATIC struggled to hold above $1, possibly due to the Polygon team's alleged secret selling of tokens, totaling about 767 million MATIC. These sales, circumvented through Binance-linked wallets, have impacted MATIC's price, which currently trades at around $0.73.
