- Polygon MATIC is soaring today with a 11.31% price gain in 24 hours. Its market cap and trading volume have also increased by 11.46% and 18.39%, respectively.
- Tom Dunleavy, a senior research analyst at Messari, highlighted some of the recent developments on Polygon such as zkEVM (zero-knowledge Ethereum Virtual Machine) which is testing its security, decentralization, and scalability.
- Increased developers, addresses, and unlocked tokens have also contributed to the success of Polygon.
Polygon MATIC Soaring Today
Polygon MATIC is soaring today, with a price gain of 11.31% in 24 hours. Its market cap and trading volume have also spiked by 11.46% and 18.39%, respectively, showing increased utility and activity with the token. The gains are not surprising, given that Polygon has been focused on developing its ecosystem.
Tom Dunleavy Highlights Recent Developments
Tom Dunleavy, a senior research analyst at Messari, says the protocol is on the path to success. The researcher outlined some of the achievements of Polygon recently including its zkEVM (zero-knowledge Ethereum Virtual Machine). According to Dunleavy’s tweet, the technology will position the network for more Web3 developments as well as ensure mass adoption for the network and its coin due to its security and scalability features.
Increased Number of Addresses & Developers
Dunleavy also mentioned that Polygon’s number of addresses has increased by 90% quarter over quarter while 90% of MATIC tokens distributed are unlocked. Additionally, the number of developers has grown from 200 in 2018 to more than 1,000 currently – indicating higher growth potential for investors interested in the network’s success.