Polygon experienced a significant acceleration in token burns due to increased network activity in January. Active accounts peaked at approximately 800,000 before stabilizing between 400,000 and 500,000, suggesting a consistently engaged user base.
Even with the burn, POL’s price remains in a tight range of 0.11 to 0.113 USD. The market capitalization stands at around 1.19 billion USD, indicating that despite the impressive burn figures, broader market conditions are holding the price down.
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