"Hmm could this positive development push the price of MATIC to rise again?"
Significant progress in the second quarter 2024 strategy by Polygon (MATIC) was finally sparked by the signing of an agreement with Robinhood Wallet which now supports cross-chain swaps using MATIC's proof-of-stake (PoS) network.
In addition to expanding the scope for Robinhood users, the collaboration also strengthens MATIC's position as a leader in blockchain solutions and the integration of cross-chain functionality is ready to increase user engagement on both platforms.
Pleased to be informed that MATIC last month emerged as the leading blockchain Ethereum (ETH) Virtual Machine for non-fungible token (NFT) transactions which represents a significant progress in its operations further reflecting its increasing dominance in the NFT sector.
Further strengthening its prowess, the MATIC network saw 1.9 million stablecoin users surpassing its main rivals ETH and Arbitrum (ARB) which recorded 1.4 million users each, where stablecoins are essential to reduce volatility in cryptocurrency transactions.
Be aware that one of the leading global accounting firms Ernst & Young (EY) has introduced OpsChain Contract Manager which uses MATIC blockchain technology for secure and efficient contract management.
It is true that OpsChain Contract Manager is running on the MATIC network, but they also plan to migrate to ETH in the future which will allow customers to publish contracts on the public blockchain.
As of this writing, BTC price which is currently trading at $0.72 has recorded a decrease of 1.59% in the last 24 hours with a market cap of over $6 billion but still gained 1.00% over the last week.
