Polygon’s $MATIC token is currently trading at $0.38, influenced by Bitcoin’s recent 3% decline to $109,800. This decline has impacted layer-2 tokens, including MATIC. Despite the downturn in Bitcoin’s price, Ethereum ETF inflows have surpassed $1 billion, indicating a rising interest in layer-2 solutions as the Polygon transition approaches. The market’s volatility continues to create challenges for tokens like MATIC, which are closely tied to Bitcoin’s performance. Investors are watching these developments closely, especially with the anticipated changes in the Polygon ecosystem.
