$Pol is the "most undervalued" for good reason:
Polygon is now sustaining 10m txs per day, which is 4x the daily transactions on Ethereum, which is really impressive.
⚠️However, most of that growth is not captured by retail token holders anymore, but is now funneled to a small group of 105 validators who do not share the revenue with their $pol delegators.
2026-05-05:
371k $pol burned
790k $pol to validators, which then proceed to dump these tokens on exchanges as @HopmansJust points out.
Fun Fact: According to Polygon Labs the estimated cost of running a validator node is only $929/month!
$Pol could become one of the best performers if this conflict of interest is resolved, but I doubt it as the validators have an enormous financial incentive not to allow that.
#PeckShieldAlert An address (0xa76b...e81c) was liquidated for 1.49K $WETH (worth approximately $5.22M) after $ETH dropped to $3,200.
As of Jan. 7th, the address had cumulatively supplied 573 WBTC and 1.49K $WETH, while borrowing 45.92M $USDT.
It now supplies 573 $WBTC and borrows 38.37M $USDT.
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