There was an increase in the number of #Polygon (MATIC) developers in 2023. How did this affect the overall situation on the network? Separately, bankrupt crypto lender Celsius transferred some of its MATIC tokens to various exchanges. Has this sparked any reaction from the MATIC community?

Developer Influx to MATIC

A recent post showed that Polygon saw a higher influx of new developers last year than other networks. The report showed that it ranked second only to Ethereum (ETH) in terms of the number of new developers. According to the data collected, the network ranked 39th with 4,409 GitHub commits at the time of writing. Over the past week, developer activities decreased by 45.86% compared to the previous month. There was a 43.87% decrease in commitments compared to the previous month.

While developments were taking place in the Polygon network, Celsius token continued its movements. This action was a continuation of ongoing sales that the institution initiated last year in order to fulfill its customer obligations. According to Spot on Chain's latest update, Celsius transferred 25.75 million MATIC, worth approximately $21.26 million, to the two exchanges. In a detailed analysis, the latest #MATIC deposit was made between Binance and Crypto. It may indicate that it is divided between com.

Santiment Reports in MATIC

22.73 million MATIC, which is generally worth approximately $18.79 million at the time of writing, found its way to the Binance exchange. Crypto. com also received a deposit of 3.02 million MATIC worth $2.47 million. Data from Santiment, a cryptocurrency analytics company, showed a decrease in MATIC's volume. Volume initially exceeded $800 million on January 11, but then dropped to approximately $313 million on January 17.

However, at the time of writing, the volume increased slightly, reaching $444 million. Considering the daily timeframe price chart, it can be seen that a reversal occurred on January 17, following bullish attempts. By the end of the trading day on January 17, the price had fallen over 4%, settling around $0.8. There was also a slight increase at the time of writing. The current trading value is around $0.81, up approximately 0.5%.