Everything is at a stand still as the world waits for the Ethereum merge. How will the ETH merge affect MATIC? We don't know. ETH will still be expensive, so MATIC is still the best smart contract platform to actually use to earn interest. It is still small, so plenty of opportunity on this protocol layer.
Not only is MATIC in a decent buy range, you can earn 20 percent staking on balancer, another decent protocol that as also been ported over to the Polygon network.
My understanding is that Polygon has been one of the best performing coins of 2022.