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All Doesn’t Seem Well With MATIC Despite Polygon’s Latest Accomplishment

Polygon [MATIC] recently reached a new milestone in terms of decentralized exchange (DEX) volume. It crossed $50 billion in DEX volume over the last 12 months, according to a tweet on 11 January.

However, despite reaching this watershed number, DEX volume on Polygon declined over the last few months, according to data from Dune Analytics. This decline in volume could be due to a variety of factors, such as increased competition from other platforms or a general decline in trading activity in the crypto market.

This decline in volume suggested that even though Polygon reached a new milestone, in terms of DEX volume, the growth of Polygon in this area decelerated.

Polygon Polygon $0.57
+2.18%
Polygon
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