According to the on-chain analytics platform, since the trading year commenced, the count of daily active addresses trading MATIC has grown by 52%. Likewise, the demand for MATIC has risen by 47% within the period under consideration, as the count of new MATIC addresses created daily has embarked on an uptrend.A review of MATIC’s exchange activity revealed an uptick in profit-taking by the altcoin holders. According to Santiment, since 5 January, MATIC’s supply on exchanges has climbed by 4%.
However, in MATIC’s case, the demand was rallying at press time, so last week’s incessant profit-taking left no impact on its price.Subscribe to get it daily in your inbox.
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