Around 9 a.m. this morning Polygon (MATIC) recorded a daily highest value, $ 2.2, proving that the growth of the decentralized financial sector (DeFi) and non-fungible tokens (NFT) is still rapid.
Previously, MATIC had recorded an all -time high (ATH), $ 2.7 on May 18, 2021.
For the record, Polygon is a layer-2 solution protocol for Ethereum supporting multi-chain ecosystems.
The following are the MATIC surge factors that can be noted:
IDEX announcement
IDEX decentralized exchange announced the launch of exchange version3 (v3) in Polygon.
The launch makes IDEX the first hybrid liquidity exchange in the network.
Launch of NFT
Several launches of NFT projects have taken place, including OpenBiSea NFT
Launch of DeFi platforms and games like Rainmaker Games, Harvest Finance, and Jarvis Network.
For now, the Uniswap community is in the process of voting for Polygon’s additional support for Uniswap v3.
The MATIC surge is also driven by:
Increased interest of institutional investors
Several Polygon exchange traded (ETP) products have been launched:
Osprey Polygon Trust (September)
21Shares Polygon ETP (November)
Grayscale is also interested in listing Polygon as an investment product but there is still no word.
Wintermute saw a capital inflow of $ 20 million to drive the development of decentralized applications at Polygon.
Investors are also paying close attention to Polygon which is preparing for the ZK Summit on December 9th. The program involved discussions among developers regarding the current and future state of zk-STARKs, including the application of zero-knowledge proofs.
Increased Polygon and wallet active users
Polygon wallets have increased throughout 2021 and are now at a high of 282,760.
User records also recorded an increase following the high gas costs at Ethereum.
At the time of writing, MATIC posted a trading value of $ 2.1, up over 6% in 24 hours. This asset requires an increase of over 21% to penetrate the previous ATH.
