The TVL of Polygon has dropped by more than 3% in the last 24 hours, indicating a trend reversal. The long/short ratio of MATIC rose, indicating a trend reversal. Polygon’s fees and income increased at the end of April, although the trend was brief. zkEVM’s TVL has been acting strangely. Since its inception, zkEVM’s TVL has expanded dramatically, but its vital statistics have decreased.
With a market value of more than $9 billion, MATIC’s price activity has been modest. According to CryptoQuant’s analysis, the hardship may persist as Polygon’s exchange reserve grows. However, some metrics, such as MATIC’s funding rate and MVRV Ratio, appear to be positive. Coinglass also mentioned MATIC’s long/short ratio as a bullish indication.
Polygon’s DeFi space continues to grow; will it reflect on MATIC’s chart
