PolyMatrix is bringing their MATRIX DeFi projects to the Polygon chain to enable quite an amount of reduction in transaction fees.
The Matrix system is a long-tested DeFi system to enable fast distribution of MATIC. It will launch on Polygon to achieve lower-priced transactions along with much-improved performance. The creators of EthMatrix, TronMatrix, and BSCMatrix are now bringing their DeFi Matrix DApps to Polygon.
Since launch, the DeFi Matrix systems have earned their users over $6MM but have lately suffered due to network congestion and high gas fees. Etheruem chain has become congested and expensive to use.
However, the Polygon Full Stack Scaling solution can solve all of these issues. That’s why PolyMatrix is now live on the Polygon chain to offer its Matrix users low gas fees (from over $100 on Eth down to less than $1 on Polygon).
For more information, check out: https://youtu.be/BRuCPh3_F7E
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 450+ Dapps, ~350M txns, and ~13.5M+ unique users.
PolyMatrix is a DeFi protocol that is currently also live on Ethereum, Binance Smart Chain, and Tron networks. However, the networks have become congested and too expensive for the general user – leading to the relaunch of the MATRIX on the Polygon chain which offers incredibly low transaction costs.
Source : cryptodaily.io