{"id":641195,"date":"2024-09-11T23:15:53","date_gmt":"2024-09-11T23:15:53","guid":{"rendered":"https:\/\/wncen.com\/?p=641195"},"modified":"2024-09-11T23:19:51","modified_gmt":"2024-09-11T23:19:51","slug":"polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/","title":{"rendered":"Polygon Processes Over $214 Billion In DEX Volume As Adoption Explodes, Why Is POL Struggling?"},"content":{"rendered":"

Polygon, the Ethereum sidechain, recently upgraded, kickstarting their migration into a new era of scaling as highlighted by their Polygon 2.0 mission. Even though POL prices are still struggling, on-chain data points to a robust ecosystem that could support prices in the medium to long term.<\/span><\/p>\n

Over $214 Billion In DEX Volume Processed Via Polygon<\/span><\/h2>\n

Aggregating data from DeFiLlama, an analytic platform, and the Aggegration Layer, a core hub for Polygon, the sidechain said it has deep liquidity and maintains a strong alignment with Ethereum. This alignment instills confidence in the platform’s interoperability, positioning Polygon as a preferred choice for developers launching dapps in a low-fee, scalable environment.<\/span><\/p>\n

Related Reading: Analyst Eyes 7% Dogecoin Jump\u2014Will It Smash The $0.15 Barrier?<\/a><\/div>\n

Since the start of the year, Polygon has been growing rapidly. To put in the numbers, the platform has <\/span>processed<\/span><\/a> over $214 billion in decentralized exchange volume. At the same time, it has enabled the addition of $102 billion worth of assets through centralized exchanges like Binance, Coinbase, and others. <\/span><\/p>\n

These impressive figures show that the platform is popular despite the availability of layer-2 alternatives<\/a>, and it can also easily handle large-scale transactions securely.<\/span><\/p>\n

Besides the huge transaction count processed by Polygon, going by trends, it is highly likely that the Aggregation Layer, better known as the AggLayer, will boost liquidity and general utility.\u00a0\u00a0<\/span><\/p>\n

The AggLayer will be central to Polygon’s mission to scale Ethereum further while connecting all layer-2s technology built using its technology. In this design, the goal will be to ensure that POL has more utility while all layer-2s connecting access instant liquidity. <\/span><\/p>\n

Polygon Tech Finding Adoption: Why Is POL Down?<\/span><\/h2>\n

With the upgrade from MATIC to POL on September 4, the new token means holders play a heavier role. For example, besides POL being used to reward validators who stake, it will be used to secure other platforms linked via the AggLayer. These added functionalities will help prop up bulls as the sidechain progresses in its goal of scaling. <\/span><\/p>\n

Related Reading: Bullish Signals Emerge For Ethereum: Price Rises Above Downward Trendline And Key MA Levels<\/a><\/div>\n

That Polygon is eager to scale without comprising security could explain the rising adoption levels. Recently, the Italian government issued a \u20ac25 million digital bond on Polygon PoS. Meanwhile, Franklin Templeton, Ondo, and Spiko all leverage Polygon technology as they tokenize United States Treasuries, according to <\/span>RWA.xyz data<\/span><\/a>.<\/span><\/p>\n

\"Polygon<\/a>
Polygon price trending downward on the daily chart | Source: POLUSDT on Binance, TradingView<\/a><\/figcaption><\/figure>\n

Even as impressive as Polygon has been growing, POL is still struggling. After the highly anticipated migration, the token edged lower, finding support at $0.35. Sows have the upper hand until there is a comprehensive close above the descending channel and $0.60.<\/span><\/p>\n

Feature image from Shutterstock, chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"

Polygon, the Ethereum sidechain, recently upgraded, kickstarting their migration into a new era of scaling as highlighted by their Polygon 2.0 mission. Even though POL prices are still struggling, on-chain data points to a robust ecosystem that could support prices in the medium to long term. Over $214 Billion In DEX Volume Processed Via Polygon Aggregating data from DeFiLlama, an analytic platform, and the Aggegration Layer, a core hub for Polygon, the sidechain said it has deep liquidity and maintains a strong alignment with Ethereum. This alignment instills confidence in the platform’s interoperability, positioning Polygon as a preferred choice for developers launching dapps in a low-fee, scalable environment. Related Reading: Analyst Eyes 7% Dogecoin Jump\u2014Will It Smash The $0.15 Barrier? Since the start of the year, Polygon has been growing rapidly. To put in the numbers, the platform has processed over $214 billion in decentralized exchange volume. At the same time, it has enabled the addition of $102 billion worth of assets through centralized exchanges like Binance, Coinbase, and others. These impressive figures show that the platform is popular despite the availability of layer-2 alternatives, and it can also easily handle large-scale transactions securely. Besides the huge transaction count processed by Polygon, going by trends, it is highly likely that the Aggregation Layer, better known as the AggLayer, will boost liquidity and general utility.\u00a0\u00a0 The AggLayer will be central to Polygon’s mission to scale Ethereum further while connecting all layer-2s technology built using its technology. In this design, the goal will be to ensure that POL has more utility while all layer-2s connecting access instant liquidity. Polygon Tech Finding Adoption: Why Is POL Down? With the upgrade from MATIC to POL on September 4, the new token means holders play a heavier role. For example, besides POL being used to reward validators who stake, it will be used to secure other platforms linked via the AggLayer. These added functionalities will help prop up bulls as the sidechain progresses in its goal of scaling. Related Reading: Bullish Signals Emerge For Ethereum: Price Rises Above Downward Trendline And Key MA Levels That Polygon is eager to scale without comprising security could explain the rising adoption levels. Recently, the Italian government issued a \u20ac25 million digital bond on Polygon PoS. Meanwhile, Franklin Templeton, Ondo, and Spiko all leverage Polygon technology as they tokenize United States Treasuries, according to RWA.xyz data. Even as impressive as Polygon has been growing, POL is still struggling. After the highly anticipated migration, the token edged lower, finding support at $0.35. Sows have the upper hand until there is a comprehensive close above the descending channel and $0.60. Feature image from Shutterstock, chart from TradingView<\/p>\n","protected":false},"author":384,"featured_media":524592,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[86487],"tags":[92903,1946,89389,92935,93028,83584,86440],"class_list":["post-641195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-matic","tag-agglayer","tag-ethereum","tag-pol","tag-pol-price","tag-polusdt","tag-polygon","tag-polygon-price"],"acf":[],"yoast_head":"\nPolygon Processes Over $214 Billion In DEX Volume As Adoption Explodes, Why Is POL Struggling?<\/title>\n<meta name=\"description\" content=\"Polygon is finding adoption, processing billions in DEX volumes. All the same, POL, despite the recent migration, is under pressure\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Polygon Processes Over $214 Billion In DEX Volume As Adoption Explodes, Why Is POL Struggling?\" \/>\n<meta property=\"og:description\" content=\"Polygon is finding adoption, processing billions in DEX volumes. All the same, POL, despite the recent migration, is under pressure\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-11T23:15:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-11T23:19:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Polygon-MATIC.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Dalmas Ngetich\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Dalmas_Ngetich\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dalmas Ngetich\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/\"},\"author\":{\"name\":\"Dalmas Ngetich\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586\"},\"headline\":\"Polygon Processes Over $214 Billion In DEX Volume As Adoption Explodes, Why Is POL Struggling?\",\"datePublished\":\"2024-09-11T23:15:53+00:00\",\"dateModified\":\"2024-09-11T23:19:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/\"},\"wordCount\":475,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Polygon-MATIC.png?fit=1200%2C800\",\"keywords\":[\"AggLayer\",\"ethereum\",\"POL\",\"POL Price\",\"POLUSDT\",\"Polygon\",\"Polygon Price\"],\"articleSection\":[\"MATIC\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/\",\"url\":\"https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/\",\"name\":\"Polygon Processes Over $214 Billion In DEX Volume As Adoption Explodes, Why Is POL Struggling?\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Polygon-MATIC.png?fit=1200%2C800\",\"datePublished\":\"2024-09-11T23:15:53+00:00\",\"dateModified\":\"2024-09-11T23:19:51+00:00\",\"description\":\"Polygon is finding adoption, processing billions in DEX volumes. All the same, POL, despite the recent migration, is under pressure\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Polygon-MATIC.png?fit=1200%2C800\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Polygon-MATIC.png?fit=1200%2C800\",\"width\":1200,\"height\":800,\"caption\":\"What Is Polygon MATIC crypto\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Polygon Processes Over $214 Billion In DEX Volume As Adoption Explodes, Why Is POL Struggling?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586\",\"name\":\"Dalmas Ngetich\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g\",\"caption\":\"Dalmas Ngetich\"},\"description\":\"Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/\",\"https:\/\/x.com\/Dalmas_Ngetich\"],\"url\":\"https:\/\/wncen.com\/author\/dalmasngetich\/\"}]}<\/script>\n","yoast_head_json":{"title":"Polygon Processes Over $214 Billion In DEX Volume As Adoption Explodes, Why Is POL Struggling?","description":"Polygon is finding adoption, processing billions in DEX volumes. All the same, POL, despite the recent migration, is under pressure","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/","og_locale":"en_US","og_type":"article","og_title":"Polygon Processes Over $214 Billion In DEX Volume As Adoption Explodes, Why Is POL Struggling?","og_description":"Polygon is finding adoption, processing billions in DEX volumes. All the same, POL, despite the recent migration, is under pressure","og_url":"https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-09-11T23:15:53+00:00","article_modified_time":"2024-09-11T23:19:51+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Polygon-MATIC.png","type":"image\/png"}],"author":"Dalmas Ngetich","twitter_card":"summary_large_image","twitter_creator":"@Dalmas_Ngetich","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Dalmas Ngetich","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/"},"author":{"name":"Dalmas Ngetich","@id":"https:\/\/wncen.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586"},"headline":"Polygon Processes Over $214 Billion In DEX Volume As Adoption Explodes, Why Is POL Struggling?","datePublished":"2024-09-11T23:15:53+00:00","dateModified":"2024-09-11T23:19:51+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/"},"wordCount":475,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Polygon-MATIC.png?fit=1200%2C800","keywords":["AggLayer","ethereum","POL","POL Price","POLUSDT","Polygon","Polygon Price"],"articleSection":["MATIC"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/","url":"https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/","name":"Polygon Processes Over $214 Billion In DEX Volume As Adoption Explodes, Why Is POL Struggling?","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Polygon-MATIC.png?fit=1200%2C800","datePublished":"2024-09-11T23:15:53+00:00","dateModified":"2024-09-11T23:19:51+00:00","description":"Polygon is finding adoption, processing billions in DEX volumes. All the same, POL, despite the recent migration, is under pressure","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Polygon-MATIC.png?fit=1200%2C800","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Polygon-MATIC.png?fit=1200%2C800","width":1200,"height":800,"caption":"What Is Polygon MATIC crypto"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Polygon Processes Over $214 Billion In DEX Volume As Adoption Explodes, Why Is POL Struggling?"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586","name":"Dalmas Ngetich","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g","caption":"Dalmas Ngetich"},"description":"Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.","sameAs":["https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/","https:\/\/x.com\/Dalmas_Ngetich"],"url":"https:\/\/wncen.com\/author\/dalmasngetich\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Polygon Processes Over $214 Billion In DEX Volume As Adoption Explodes, Why Is POL Struggling?","url":"http:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/matic\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Polygon-MATIC.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Polygon-MATIC.png?fit=1200%2C800"},"articleSection":"MATIC","author":[{"@type":"Person","name":"Dalmas Ngetich"}],"creator":["Dalmas Ngetich"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["agglayer","ethereum","pol","pol price","polusdt","polygon","polygon price"],"dateCreated":"2024-09-11T23:15:53Z","datePublished":"2024-09-11T23:15:53Z","dateModified":"2024-09-11T23:19:51Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Polygon Processes Over $214 Billion In DEX Volume As Adoption Explodes, Why Is POL Struggling?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/matic\\\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/matic\\\/polygon-processes-over-214-billion-in-dex-volume-as-adoption-explodes-why-is-pol-struggling\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/Polygon-MATIC.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/Polygon-MATIC.png?fit=1200%2C800\"},\"articleSection\":\"MATIC\",\"author\":[{\"@type\":\"Person\",\"name\":\"Dalmas Ngetich\"}],\"creator\":[\"Dalmas Ngetich\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"agglayer\",\"ethereum\",\"pol\",\"pol price\",\"polusdt\",\"polygon\",\"polygon price\"],\"dateCreated\":\"2024-09-11T23:15:53Z\",\"datePublished\":\"2024-09-11T23:15:53Z\",\"dateModified\":\"2024-09-11T23:19:51Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Polygon-MATIC.png?fit=1200%2C800","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/641195"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/384"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=641195"}],"version-history":[{"count":3,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/641195\/revisions"}],"predecessor-version":[{"id":641235,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/641195\/revisions\/641235"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/524592"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=641195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=641195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=641195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}