{"id":17901,"date":"2025-12-13T07:34:00","date_gmt":"2025-12-13T07:34:00","guid":{"rendered":"https:\/\/bitunikey.com\/news\/polygon-price-crashes-as-transactions-rise-after-madhugiri-hardfork-as-expert-questions-its-valuation\/"},"modified":"2025-12-13T07:34:10","modified_gmt":"2025-12-13T07:34:10","slug":"polygon-price-crashes-as-transactions-rise-after-madhugiri-hardfork-as-expert-questions-its-valuation","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/polygon-price-crashes-as-transactions-rise-after-madhugiri-hardfork-as-expert-questions-its-valuation\/","title":{"rendered":"Polygon price crashes as transactions rise after Madhugiri hardfork, as expert questions its valuation"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Polygon price continued its steady downtrend this week, even as the network\u2019s activity surged after the Madhugiri hard fork.<\/p>\n<div id=\"cn-block-summary-block_cdd2d66fe3089ad8be784ee177912c10\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Polygon price has slumped to the lowest point this year.<\/li>\n<li>The network activated the Madhugiri hard fork this week.<\/li>\n<li>The number of transactions in the network has soared.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Polygon (POL) token slumped to a new fresh low after it transitioned to POL from MATIC last year. It was trading at $0.1200, down by double-digits from the September high of $0.2970.\u00a0<\/p>\n<p>The ongoing Polygon price crash is happening despite the network having some of the best fundamentals. For example, the number of transactions has gone parabolic after the developers activated the Madhugiri hard fork, which introduced new features.<\/p>\n<p>It boosted the transaction speeds by 33%, introduced 1-second block consensus, and the supported of the recently launched Ethereum Fusaka upgrade.\u00a0<\/p>\n<p>Data shows that Polygon handled over 8.1 million transactions within a single day after this upgrade happened. More numbers by Nansen show that the network\u2019s transactions have risen by 93% in the last 30 days to over 158 million. This growth makes it the second-fastest-growing chain in crypto after Monad.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udc9c <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/0xPolygon?ref_src=twsrc%5Etfw\" target=\"_blank\">@0xPolygon<\/a> keeps the momentum rolling<\/p>\n<p>Post-Madhugiri, Polygon just processed 8.1M+ transactions in a single day, its strongest activity in the last three months<\/p>\n<p>This is what real-world scale looks like \ud83d\ude0e<\/p>\n<p>\ud83d\udcca <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/ycircbywyu\">https:\/\/t.co\/ycircbywyu<\/a> <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/TC8pbaUQET\">pic.twitter.com\/TC8pbaUQET<\/a><\/p>\n<p>\u2014 Chainspect (@chainspect_app) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/chainspect_app\/status\/1999447643379126392?ref_src=twsrc%5Etfw\" target=\"_blank\">December 12, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>More data reveals that the number of active addresses on Polygon has jumped by 54% in the last 30 days to 13 million. As a result, the amount of fees collected jumped by 27% to $778,000. This is important as Polygon constantly burns its fees, a move that helps to offset new POL issuance.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Polymarket has played a role in boosting the Polygon ecosystem. Data shows that the network had a volume of $4.3 billion in November, a figure that will keep growing now that it has expanded in the United States. Polymarket runs on Polygon\u2019s network.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">November went parabolic.<\/p>\n<p>$4.33B in prediction volume on Polygon. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/Polymarket?ref_src=twsrc%5Etfw\" target=\"_blank\">@Polymarket<\/a>\u2019s biggest month ever.<\/p>\n<p>Onchain markets stay winning. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/S93RBsbIhY\">pic.twitter.com\/S93RBsbIhY<\/a><\/p>\n<p>\u2014 Polygon | POL (@0xPolygon) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/0xPolygon\/status\/1999160802776125833?ref_src=twsrc%5Etfw\" target=\"_blank\">December 11, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The ongoing Polygon price crash has led to concerns that it has become highly undervalued. A popular analyst compared its market cap with that of Sui (SUI).\u00a0<\/p>\n<p>Polygon has a DeFi TVL of over $1.19 billion compared to Sui\u2019s $931 million. It also has over $2.825 billion in stablecoin supply compared to Sui\u2019s $0.5 million. Polygon also makes more money, has fewer unlocks, and yet it is 5x smaller than Sui.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">SUI falls behind Polygon on almost every metric, has massive monthly unlocks and inflation \u2013 yet it has 5\u00d7 the Market Cap and 15\u00d7 the FDV.<br \/>What\u2019s going on with these valuations?<\/p>\n<p>Let\u2019s break it down:<\/p>\n<p>Network revenue in November: 928K vs 724K<br \/>TVL: 1.19B vs 931M<br \/>Stablecoin market\u2026 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/UY2DkomPLM\">pic.twitter.com\/UY2DkomPLM<\/a><\/p>\n<p>\u2014 Vadim (@crypto_vadim) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/crypto_vadim\/status\/1999360676561654141?ref_src=twsrc%5Etfw\" target=\"_blank\">December 12, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h2 class=\"wp-block-heading\">Polygon price technical analysis\u00a0<\/h2>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">POL price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily chart shows that the POL price has been in a steady freefall in the past few months. It has tumbled from a high of $0.2970 in September to $0.12 today. As a result, it has moved below the key support level at $0.1520, a point it failed to move below several times.\u00a0<\/p>\n<p>Polygon price remains below all moving averages, while top oscillators have continued falling. On the positive side, the token has formed a falling wedge pattern whose two lines are about to converge.<\/p>\n<p>The wedge pattern means that the POL price may rebound soon. Such a rebound may see it rise to the key resistance level at $0.1520, which is nearly 30% above the current level.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polygon price continued its steady downtrend this week, even as the network\u2019s activity surged after the Madhugiri hard fork. Summary Polygon price has slumped to the lowest point this year.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3757,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=17901"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17901\/revisions"}],"predecessor-version":[{"id":17902,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17901\/revisions\/17902"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3757"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=17901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=17901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=17901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}