Polygon (MATIC) has recently seen an increase in developer activity, ranking second only to Ethereum in terms of new developers. The network recorded 4,409 GitHub commits, placing it at 39th position, although developer activities decreased by 45.86% compared to the previous month, with a 43.87% reduction in commits.
Amidst these developments, the bankrupt crypto lending firm Celsius continued moving tokens, transferring approximately $21.26 million worth of 25.75 million MATIC to two exchanges as part of ongoing sales to meet customer liabilities. Detailed analysis revealed that the latest MATIC deposits were split between Binance and Crypto.com.
Santiment reports show that around 22.73 million MATIC, valued at approximately $18.79 million, found its way to Binance, while Crypto.com received a deposit of 3.02 million MATIC worth $2.47 million. MATIC’s volume saw a decrease from over $800 million on January 11 to approximately $313 million on January 17, with a slight increase to $444 million at the time of writing.
The daily price chart revealed a reversal on January 17 following attempts at a rise, with the price settling around $0.8 after a drop of over 4%. A minor uptick was noted at the time of writing, with the current trading value showing an approximate increase of 0.5% to around $0.81.