Some analysts are optimistic about the broad crypto rally and see further upside, especially for ether.
Questions remain about promised scalability improvement from Ethereum 2.0.
Polygon’s cheaper transaction costs and faster block time have driven increased adoption by a number of major projects.
MATIC's monthly gain proves that a cryptocurrency backed by growing usage can weather broader market sell-off.
The balance of bitcoin held on major exchanges is on the rise in what some analysts say is a bearish sign.
"The ongoing capital rotation into all things Polygon is showing no signs of abating," one research analyst said.
The Ethereum scaling project says its #DeFiforAll Fund aims to onboard "the next million users" to decentralized finance.
Polygon's co-founder and COO says he works 18-19 hours a day, helping to build a project that will grow alongside Ethereum.
Polygon's MATIC token has charted a 35-fold rally this year.
Polygon has seen a 10x rise in the number of transactions since the start of the year.
The exchange has opted for Matic instead of Ethereum’s network, which is currently dominating the DeFi space because of "high gas costs."
Matic wants its incubator fund to incentivize promising DeFi projects to build on its scalable sidechain, rather than directly onto Ethereum itself.
The first iteration of Matic Network's staking program is now live and has already allocated 12% of its token supply to the project.
Matic, a sidechain scaling solution for Ethereum, has deployed the first 10 nodes of its mainnet after several years in development.
The Matic Network cryptocurrency (MATIC) plunged significantly in the past 48 hours, erasing a four-week rally.