Polygon (MATIC) has lost a significant amount of its market capitalization over the past few months. That's not all, however, with the latest data suggesting things are not looking good in the

Polygon (MATIC) has lost a significant amount of its market capitalization over the past few months. That's not all, however, with the latest data suggests things are not looking good in the staking ecosystem either.

Polygon (MATIC) has lost a significant amount of market capitalization over the past few months. However, that's not all, with the latest data showing that things are not looking good in the staking ecosystem either.

Polygon (MATIC) has lost a significant amount of its market capitalization over the past few months. That's not all, however, with the latest data suggests things are not looking good in the staking ecosystem either.

Is this happening because investors are losing faith in the token?

Is this happening because investors are losing faith in the token?

Bet on decline

Bet on decline

Polygoninans, a popular X domain that shares updates related to the Polygon ecosystem, recently posted a tweet highlighting the state of the blockchain's staking ecosystem. Accordingly, the total number of MATIC staked this week reached 3.4 billion - down 35% compared to last week.

Polygoninans, a popular X domain that shares updates related to the Polygon ecosystem, recently posted a tweet highlighting the state of the blockchain's staking ecosystem. active, the total number of MATICs staked this week reached 3.4 billion - down 35% compared to last week.

AMBCrypto examined Staking Rewards data to better understand MATIC staking. We see that the number of MATIC staked increased until July 3. However, since then, its figures have begun to decline, signaling a decline in investor interest.

AMBCrypto examines Staking Rewards data to better understand MATIC staking. We see that the number of MATIC staked increased until July 3. However, since then, its figures have begun to decline, signaling a decline in investor interest.

Don't investors trust MATIC?

Don't investors trust MATIC?

CoinMarketCap data revealed that, like the bet, the price of MATIC also fell by more than 27%.

CoinMarketCap data revealed that, like the bet, the price of MATIC also fell by more than 27%.

At the time of writing, MATIC was trading at $0.4035 with a market capitalization of over $4 billion, making it the 22nd largest cryptocurrency. And, due to the sharp drop in price, only 2% MATIC investors are still profitable, according to IntoTheBlock data.

At the time of writing, MATIC was trading at $0.4035 with a market capitalization of over $4 billion, making it the 22nd largest cryptocurrency. And, due to the sharp drop in price, only 2% of houses MATIC investment is still profitable, according to IntoTheBlock data.

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