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Polygon Surges 3% While Rivals Stagnate – Here’s Why It Matters

Polygon Surges 3% While Rivals Stagnate – Here’s Why It Matters

Author:
CoindeskEN
Published:
2025-08-05 20:31:49
10
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Polygon Holds 3% Advance, Outperforming Broader Market

Polygon just pulled off a rare feat in today's crypto slump—posting gains while others bled. The layer-2 solution climbed 3% as Bitcoin waffled sideways and Ethereum gas fees scared off retail traders (again).

What's fueling the rally?

Developers keep shipping. Unlike some 'institutional-grade' chains that exist solely for VC pitch decks, Polygon's daily active addresses hit 450K last week. Real usage. Real transactions. Meanwhile, TradFi banks are still 'evaluating blockchain solutions'—translation: paying consultants to PowerPoint about hypotheticals.

Technical breakout incoming? The token just cleared its 50-day moving average. If it holds, we could see a retest of $1.25 by month's end. Or it'll crash 20% tomorrow—this is crypto, after all.

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