Polygon chain is having its S curve moment on the fees generated.
1. Last 3-4 days every day 1mn POL is getting burned in base fees. To put it in perspective, continued for the whole year, 3.5% of POL's total supply will get burned
2. This makes POL massively deflationary
3. 3.6bn POL is staked and stakers and validators earn a combined rewards of ~1.5% of POL
2026 is the year of $POL resurrection
A more complete breakdown will come later.
I will start by saying the this isn’t a slight on Solana.
The market has valued Solana at ~$70B MC.
~$90k 24h chain revenue
~$9B defi TVL
~$13B stablecoin MC
~$35B bridge TVL
Polygon at ~$1.4B MC
~$62k 24h chain revenue
~$1.2B defi TVL
~$3.2B stablecoin MC
~$7.7B bridge TVL
POL is an opportunity
@CredibleCrypto Hi @CredibleCrypto, I remember you were shorting MATIC some time ago. Are you still watching the chart?
I‘d love to hear your opinion on it. Thanks