Polygon price prediction as adoption, transactions, and fees soar

Polygon price has retreated and pared back some of the gains experienced earlier this year. The POL token was trading at $0.1345 on Wednesday morning, down from the year-to-date high of $0.1865. Its fundamentals suggest that the POL price will eventually rebound as the network growth accelerates.

Polygon’s adoption rate has soared 

Polygon, one of the biggest players in the layer-2 industry, has done well this year as the impact of the Madhugiri hard fork continued.

The network has struck major deals, leading to a surge in the number of transactions, active addresses, and fees.

In a statement on Tuesday, Polygon noted that Toku had selected its network to provide its payment infrastructure. Toku, a payroll company that has raised millions of dollars, will use Polygon to launch a global stablecoin payment feature on the network.