Polygon (MATIC) is Pushed to an All-Time High

Polygon information: A collection of optimistic elementary growth have despatched Ethereum layer 2 aggregator Polygon’s native token to an all-time value excessive right this moment.

Polygon’s native token, which is nonetheless known as MATIC, reached an all-time excessive a couple of hours in the past throughout the Thursday morning Asian buying and selling session.

The token tapped a value of $2.70 after gaining greater than 6% on the day and 26% over the previous week. MATIC has been one of many top-performing crypto belongings this yr, largely defying the latest market correction.

MATIC’s first spike got here in mid-May when it surged to $2.45. The token then dumped all the way in which again to $0.70 in late July earlier than starting its upward climb. At the start of this yr, MATIC was buying and selling at simply $0.017. Since then it has surged a whopping 15,200% making it probably the greatest performing crypto belongings in 2021.

MATIC/USD YTD – coingecko.com

At the time of writing the token was altering arms for $2.68 in accordance to CoinGecko. It is ranked 14th available in the market cap charts with $18.4 billion.

Polygon and Opera Tie Up

There have been a number of elementary developments to drive momentum for MATIC and Polygon lately. On Dec. 22, the favored internet browser Opera announced that it was integrating with Polygon to allow Ethereum layer 2 capabilities and Dapp entry in its browser.

The integration will happen within the first quarter of 2022 and can allow tens of millions of Opera customers to entry greater than 3,000 Dapps on the Polygon community.

Opera already has a Web3 cell browser with a built-in crypto pockets, so it will now present quicker and cheaper Ethereum transactions by way of the layer 2 community.

Jørgen Arnesen, Opera EVP Mobile, commented: “Our cooperation with Polygon will enable us to take away the most important problem that crypto-enthusiasts are actually going through: excessive fuel charges and gradual transaction speeds.”

Uniswap Deployment

Also on Dec. 22, Uniswap Labs announced that it had deployed on to Polygon following overwhelming assist from the neighborhood and governance. More than 72 million UNI tokens had been submitted in assist of the proposal with simply 500K towards it.

Users of the world’s hottest DEX will now have entry to high-speed, low-cost transfers and token swaps by way of the layer 2 Polygon community.

Uniswap has already been deployed on two different layer 2 networks, Arbitrum and Optimism, and it has seen quantity progress on each.

On Dec. 15 Polygon introduced the launch of Polygon Token Swap, a brand new function added to its native pockets enabling prompt token swaps and a DEX aggregator. According to DappRadar, there is nearly $4 billion in whole worth locked in varied DeFi protocols on the Polygon community.


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