• Polygon zkEVM registered growth during the last seven days.
• Polygon partnered with Genso to help improve their offerings.
• Despite these developments, MATIC’s price declined by over 6% in the last 24 hours.

The Polygon network has seen a promising growth over the last week, as revealed by Polygon zkEVM’s latest statistics from 31 January. With the total number of wallet addresses reaching 82,484, and an average block time of 1.1 minutes, the total number of deployed contracts registered over 17% growth, while total blocks increased by 12.6%. Furthermore, Polygon also partnered with Genso to help improve the latter’s offerings. This collaboration will help provide an even more immersive experience for the Genso community, featuring detailed game worlds, landscapes, characters, dynamic weather, and more.

Despite these developments, MATIC’s price shocked investors by declining by over 6% in the last 24 hours. According to CoinMarketCap, at the time of writing, MATIC was trading at $1.09, with a market capitalization of over $9.4 billion. Despite the recent negative price action, MATIC remained one of the top choices for whales. WhaleStats pointed out that whales were continuously investing in MATIC, with the two-week average of wallets holding at least 1 million MATIC tokens reaching an all-time high.

As of now, the future of MATIC still remains uncertain. While the Polygon network’s developments and partnerships have been promising, the current bearish price action remains a cause of concern for investors. Thus, it will be interesting to see whether MATIC can recover in the near future, or if the current bearish trend continues in the coming days.