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Amidst Polygon’s hardfork and increased profit-taking, which way will MATIC go?

Polygon [MATIC], the sidechain connected to the main Ethereum [ETH] blockchain, completed a hard fork to its proof-of-stake (PoS) network on 17 January. The purpose of the hard fork, as stated in a 12 January blog post, was to make the Polygon network more efficient by introducing two key changes. Changes included in the Polygon hardfork First, the[Read more…]

Polygon: The flow of stablecoins into the network could impact MATIC in this way

The flow of stablecoins surged on the Polygon [MATIC] network over the last few days, impacting the DeFi space positively.One of the key areas of growth for Polygon was its Total Value Locked (TVL), which grew by 9% over the last 30 days and ranked no.4 on Defi Llama. A higher TVL indicated that more users were participating in[Read more…]

Optimism emerges as a contender in Layer-2 space: can it overtake Polygon?

Layer 2 solutions in the crypto market have been showing improvements despite the market seeing turbulence. One of the L2 solutions that have shown great promise is Optimism. According to Dune Analytics, transactions on Optimism grew substantially over the past few days. One of the key areas of growth has been the number of ERC-20 transactions[Read more…]

Assessing if MATIC can defend Polygon in Solana market value flip

Polygon [MATIC] displaced Solana [SOL] off the 10th position on the market capitalization standings according to information from CoinMarketCap. The ousting happened despite SOL recording more than two times MATIC’s gains in the last seven days. While MATIC’s value rose 20.47%, SOL increased by 45.49%. At the time of writing, Polygon’s market cap was over $9 billion, beating Solana’s[Read more…]

Polygon (MATIC) Price Prediction 2025-2030: What’s in store for MATIC?

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject Polygon, the Ethereum scaling solution behind MATIC, has made some exciting developments in the first two weeks of 2023. After tying up with popular names like Disney and Reddit, Polygon announced a partnership with[Read more…]

MATIC’s latest price pump could have everything to do with this Polygon update

Polygon’s [MATIC] zkEVM has remained a topic of discussion for quite a few months now. This was because its public testnet went live in 2022. Polygon ZK recently revealed that the first public testnet for Polygon zkEVM had “deprecated.” In the first testnet, 86,142 transactions were verified, and over 20,000 wallet addresses were registered.   In the[Read more…]

All doesn’t seem well with MATIC despite Polygon’s latest accomplishment

Polygon [MATIC] recently reached a new milestone in terms of decentralized exchange (DEX) volume. It crossed $50 billion in DEX volume over the last 12 months, according to a tweet on 11 January. However, despite reaching this watershed number, DEX volume on Polygon declined over the last few months, according to data from Dune Analytics. This[Read more…]

Why Polygon could play a key role in mass blockchain adoption despite MATIC’s…

According to a 9 January research released by blockchain maximalist, “100y”, Polygon [MATIC] has a critical part to play in mass modular blockchain adoption. The article, released via Medium, referred to Polygon’s plasma chain which introduced a series of modular blockchain products. All hail the “all in one” For the research specialist, who works at Korean blockchain group,[Read more…]

Polygon: Are these holders the reason behind MATIC’s latest price surge?

Polygon [MATIC] continued to stand in the limelight as its popularity among the big players soared. According to WhaleStats, it became one of the most used smart contracts among the top Ethereum [ETH] whales in the last 24 hours.  The heightened traction among the whales coincided with a sharp jump in price and trading volume. At the time[Read more…]

Are merry MATIC holders in good spirits thanks to Polygon’s latest market moves?

With its recent alliances and moves in the industry, Polygon has made many appearances in the NFT and Web3 debates. In a recent release, Mastercard disclosed a collaboration with Polygon. The most recent Mastercard announcement further positioned the Polygon at the center of Web3 debate and development.  Polygon X Mastercard At the Consumer Electronics Show in Las Vegas,[Read more…]