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HomeCryptoHow Polygon's DeFi space is driving Matic's uptrend money moguls

How Polygon’s DeFi space is driving Matic’s uptrend money moguls


  • Polygon’s DeFi ecosystem saw growth with several new integrations and partnerships.
  • Matic’s reaction to these developments was positive and the metrics were bullish.

The crypto community is excited about the long-awaited release of zkEVM. Polygon (MATIC) It was recently announced that the zkEVM mainnet will launch on March 27, 2023. With just five weeks to go before the zkEVM mainnet launch, the network’s DeFi ecosystem is growing. Polygon co-founder Sandeep Nailwal posted an update on the matter. Gain Network (GNS).

Reading (MATIC) polygon value prediction 2023-24

Gains Network is a DeFi ecosystem of products on Polygon and MediationThe network allows for low trading fees and a wide range of leverage, helping to enhance your deals.

Sandeep in his tweet congratulated the Gaines Network on its success as its trading volume reached almost $25 billion. Data from Dune also revealed that Gain on Polygon has seen a significant increase in its daily users in recent months.

Polygon’s DeFi space is on fire!

The blockchain DeFi ecosystem was growing, with many new partnerships and integrations, in addition to the GAIN network statistics. The latest integration was with Arkin Networks, a data network for distributed energy resources (DER) to promote a net zero future. With the new integration, AREC, Arcane’s first dApp, will be available on polygon.

Not only this, a few days ago Mr. polygon DeFi also announced a partnership with the DeVoI Network, an AMM options protocol for on-chain crypto options trading. According to the official tweet, DeVoI plans to share an informed and education-focused perspective on DeFi, counterparty risk, and on-chain transparency for those venturing into the space.

Matic responded accordingly.

As soon as these events occurred, the price of Matic responded positively, increasing its price by more than 61% in the month. According coin market capMATIC has seen a nearly 24% rise in value over the past seven days and was trading at $1.52 at press time, with a market capitalization of over $13.2 billion.

How much they cost It is worth today 1,10,100 MATIC?

Sentiment data also revealed some factors working in Matic’s favor. For example, diplomaticThe company’s MVRV ratio increased significantly, indicating optimism. In addition, there was also an increase in daily active addresses, indicating more users on the network. Matic’s weighted sentiment also remained high.

According crypto amount, MATIC’s foreign exchange reserves were declining, indicating lower selling pressure. However, the total number of transactions and the amount of transfers were decreasing, which could be problematic.

Source: Feeling


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