Is Polygon (MATIC) Readying To Break Through The Chains Of The Market Cycle?

The post Is Polygon (MATIC) Readying To Break Through The Chains Of The Market Cycle? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Polygon has been one of the few protocols which has been climbing the gradients. Despite the pull backs from market trends, which has left numerous protocols out in the wintry cold. The platform has been successfully building and connecting Ethereum-compatible blockchain networks. 

Polygon has been catering to numerous projects, staying true to its aim. The projects built on the platform have been excelling with praise-worthy growth metrics. The network has been serving numerous adoptions which have been increasing at an appealing rate. The protocol has been receiving notable initiatives from the maker’s end. The team behind the protocol continues to thrive at engagements front, which inturn nurtures the community’s solidarity.

Polygon To Infinity And Beyond?

   The QiDao protocol launched on Polygon has been thriving with astounding metrics. The project has seen 6,278 unique users, which is up by over 388%. The total count of transactions is at 19,441 which has seen a spike of over 428% in the last three weeks alone. The average transactions per user stands at a score of 3.1. 

Moreover, the protocol is partnering with Crypto Colosseum to accompany the future of P2E gaming to Polygon. Polygon studios teams up with Totem to develop interoperability by forging a Web3 toolkit and social sandbox for the new generation. Gensokishi Online Meta World announces a partnership with Polygon studios, that would help in optimal transaction speed while reducing gas fees.

In addition, Harvest scored a 225% TVL growth of the Polygon section in the last couple of weeks. Polygon on an average has 270,000 daily active users, which is higher than that of Solana. A poll asking if Uniswap V3 should be deployed to Polygon, receives majority of the votes favoring deployment on Polygon.

Collectively, the Polygon network has been raging ahead at a faster pace. The team had held an EIP-1559 upgrade for Mumbai testnet, which CoinPedia  had earlier reported. MATIC price has fared appraisingly well in the past year, while registering gains of 10465.4%. Hopefully, Polygon enters the top-15 cryptos list with relaxation in market trends.