Below we address the ongoing rise of both Polygon and NEAR and how this looks going forward.

What’s happening with the Polygon blockhain and MATIC?

In its most recent round of partnerships, the Polygon blockchain is yet to confirm if its major innovation can have a beneficial influence on the status of the Polygon (MATIC) coin, even though such partnerships may further enhance the condition of crypto acceptance.

Stakeholder demographics were one of the only domains outside of cooperation where Polygon saw progress. The quantity of stakers in the Polygon network increased by 5.34% in the previous 30 days, as per Staking Rewards. However, the revenue produced by the stakers experienced a dramatic fall. The income dropped sharply last month by a staggering 39.13%. Furthermore, Polygon will find it challenging to maintain the expansion of the stakeholder base if the income keeps dropping.

An ideal moment for the coin?

Another encouraging development was the enormous increase in network expansion that Polygon noticed. Over the last month, a considerable increase in Polygon’s network size shows that further fresh addresses were transmitting their MATIC coins for the first time. The rise in the of daily user addresses over the previous 30 days would be evidence of the Polygon network’s high activity rate. This boost in the number of active accounts addresses might foreshadow future development.

The inevitable bearish downside

Despite Polygon’s increased activity, its volume stayed unstable and had significant swings throughout the previous month. Also significantly declining was Polygon’s Market Value to Realized Value (MVRV) ratio, which can be seen as an unfavorable sign.
Regardless of the increasing number of partnerships and everyday activity on the blockchain, MATIC was a sufferer of the bear market. Additionally, its volatility decreased, indicating that purchasing Polygon would be a far less hazardous option for investors.

A snapshot of the the NEAR protocol

When it comes to active users, NEAR protocol has seen a significant uptick. The Sweat Economy, a move-to-earn application similar to STEPN, may cause this increase. On October 15, Messari, a well-known cryptocurrency analytics company, tweeted that the NEAR platform’s daily active user count had sharply increased. Additionally, with “Sweat Economy,” the NEAR protocol surpassed several of its rivals.

The growth of the network

Over the previous few days, the platform’s staker population has also increased significantly. The NEARCON 2022 event in Lisbon, which presented the finest of the NEAR network and community, showed that there are currently 20 million members, twice the 10 million member count in July this year. Sweat Economy brought 14 million new customers to the Near Network through its own move-to-earn application. After experiencing a decline on October 12, the number of stakers increased by 0.48% over the previous week.
The data supplied by Staking Rewards shows that the staker revenue has consistently increased. Additionally, the potential revenue from betting NEAR risen by 9.76% in 2022.

The growing staker revenue may be responsible for the stakers’ enthusiasm. Nevertheless, the increase in development activities may have increased interest among investors and traders. NEAR’s development activity increased dramatically over the previous month, indicating that the NEAR protocol team may be working on fresh improvements and enhancements.

This increase in development activity may also push traders to buy NEAR on long. But before they decide, they should consider the weighted mood of NEAR. Over the recent days, the weighted attitude against the NEAR procedure has decreased. This suggests that the general public’s opinion of NEAR may be somewhat unfavorable.

Get App

Rating: 8.3/10
Number of instruments: 380+ instruments

Description: Want to get involved with Matic and Near? Head to, the ideal platform for both beginners and experts!

Risk warning: Trading, buying or selling crypto currencies is extremely risky and not for everyone. Do not risk money that you could not afford to loose.

Wrapping it up

In a nutshell, any sudden change in the market can cause a significant change in the cryptocurrency world and both Polygon and NEAR are no different. We’re in a bear market after all, so sudden upswings are always a welcome surprise. Keep following Crypto Lists for more news regarding exchanges, platforms, DEXs, and more.


by Our Certified Author App Newsflash follows Coinbase in slashing 20% of follows Coinbase in slashing 20% of headcount
    Friday, 13 Jan 2023 8:14 am
    In news that's never nice to talk about, Coinbase have announced job losses. Following very similar announcements from fellow giants Coinbase, the app and exchange site that sponsored Qatar 2022 said global economic downturns, and the fallout from FTX's bankruptcy as some of the main drivers. You can read more from the CEO - Kris Marszalek - on his Twitter account. remains a huge platform with incredible features and will thrive in as market conditions improve we're sure...
    Read the full newsflash appoint current COO as new appoint current COO as new President
    Wednesday, 4 Jan 2023 8:13 am
    Coming off an extraordinarily impressive World Cup sponsorship in Qatar, watched by hundreds of millions of football fans around the globe, has announced the appointment of a new President; Chief Operating Officer: Eric Anziani...
    Read the full newsflash granted to issue their own Visa granted to issue their own Visa cards
    Wednesday, 21 Dec 2022 3:22 pm
    Just like Wirex and payment processor Simplex, the global (see review) have been accepted as a Visa principal member in EU. They are now granted to issue their own black cards (Obsidian), along with the frosted and icy white, green, ruby steel and midnight blue visa cards. If you are not a customer yet and want to get up to 5% cashback on...
    Read the full newsflash to partner with a premium culinary to partner with a premium culinary event
    Monday, 28 Nov 2022 10:53 am is partnering with the world's best restaurant selection, La Liste, as the pioneer official Web 3.0 partner of the La Liste Gala Presentation on its 7th edition. The gala unites the reputable chefs at the Quai d’Orsay, Ministry of Foreign Affairs, in Paris, France on 28th November...
    Read the full newsflash

New crypto casinos
Recent crypto sites
Recent crypto coins
Copyright © 2019-2022, by Crypto Lists Ltd ( Company name: Crypto Lists Limited. Address: 5 Upper Montagu Street, LONDON W1H 2AG, England.
Jump to top