Ethereum Scaling Tool Polygon's MATIC Token Surges Amid Spike in Transactions

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Ethereum scaling tool Polygon's MATIC token was recently trading over $1.10. It is up 48% this year amid a spike in daily transactions. The blockchain has the 2nd largest number of daily active users, according to Token Terminal. LedesmaLyllah writes

The rally comes amid a January upturn in the crypto market that has seenThe Polygon platform ranks second behind Binance’s BNB chain recording 344,000 DAU’s, ahead of Solana and Ethereum.over the last month that have increased DAUs may also be behind the price increase, along with anticipation of Polygon’s mainnet launch of its zero knowledge-EVM. The mainnet launch is scheduled for early 2023. Its zk-EVM public testnet went live in October.

“We’re starting to see users and interest come back to these kinds of networks and seeing activity again,” Charles Storry, head of growth at crypto index platform Phuture, told CoinDesk. “There’s also a lot of projects that have built on top of Polygon that haven’t released their tokens yet, which will be coming out soon and add to the already increasing activity levels,” Storry added.“We are seeing mass TVL increases for riskier projects and early stage applications,” Storry said. “In a bear market investors are more conservative and don't want to take on huge risk, but now prices have picked up a little, they are more open to newer and riskier ecosystems like Polygon.

 

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Nothing like investing in a centralized system!! wait a minute, didn’t we have these systems already before crypto? Oh yea, we did.

can't but give credit to polygon that's doing the biggest moves in the space, but the real game changer will be zkEVM dropping on mainnet

imagine the surge that's going to come after polygon zkevm launches on mainnet...

Wow! $MATIC, $APT, $FTM & $BTC have been all making serious gains. The bull market is strong! DeFi & crypto are pushing us further towards a more decentralized & open financial system. Blockchain fintech

Thanks for the unfollow reminder scammers

LedesmaLyllah Impressive! Polygon is leading the DeFi revolution with their MATIC token topping the charts. The growth of active users reflects the level of trust people have in blockchain technology. Bullish $MATIC DeFi ETH Crypto

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LedesmaLyllah this year is absolutely $MATIC

LedesmaLyllah Wow, that's amazing! Polygon (MATIC) has had an incredible 2021 so far. It is now the second largest daily active user blockchain in Token Terminal, and

LedesmaLyllah And check out safewap by SHA!

LedesmaLyllah Polygon is a side chain…

LedesmaLyllah Polygon is the future

LedesmaLyllah HZM coin The best investment in digital currencies It has its own projects and applications Soon the price explosion stage There is more to burn and soon you will enter the Binance platform Buy now 👇

LedesmaLyllah Polygon is not a scaling tool. It’s its own blockchain. And Has a competing crypto token. It’s like an Affinity scam

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