Tag Archives: MATIC

Polygon Labs has cut its headcount by 20 percent The platform has over $250 million in its balance sheet and nearly 2 billion MATIC Polygon Labs has joined a slew of crypto firms that have laid off their employees. The move comes even though Bitcoin (BTC) and other cryptocurrencies have been making an upward moveContinue reading “Polygon Labs lays off employees from multiple teams”

Polygon’s ecosystem grew, but its TVL could not compete with other L2 solutions. MATIC showed bearish signs despite rising prices. Even though Polygon [MATIC] has been seeing growth in the DeFi space, other L2 solutions such as Arbitrum and Optimism [OP] have out-competed it in terms of TVL. However, this could change with the increasingContinue reading “Understanding Polygon’s midway stagnation as Optimism and Arbitrum…”

Polygon’s ecosystem outperformed other Layer 2 solutions. However, stakers were seen losing interest in MATIC. Despite the competitive landscape of the Layer 2 sector, Polygon managed to perform well. According to data provided by Artemis, Polygon’s ecosystem has been thriving. Interestingly, it outperformed L2 solutions such as Optimism and Arbitrum in various areas. ETH L2sContinue reading “Polygon’s ecosystem registers growth, but these metrics sound a bearish alarm”

Polygon’s DeFi ecosystem registered growth with multiple new integrations and partnerships. MATIC’s response to these developments was positive and metrics were bullish.  The crypto community is ecstatic about the long-awaited release of zkEVM. Polygon [MATIC] recently announced that the zkEVM mainnet will go live on 27 March 2023. Only five weeks ahead of Polygon zkEVM’sContinue reading “How Polygon’s DeFi space is fueling MATIC’s uptrend”

MATIC whale supply distribution has risen to 11% in February. 30-day MVRV reflects profits as active addresses decline. Recently, there has been a rise in the price of Polygon [MATIC], and this increase appears to have been caused by the activity of some whale addresses. What are some of the likely reasons behind the actionsContinue reading “Assessing reasons behind MATIC’s unprecedented spike in its value”

Polygon set the date for its Mainnet Beta launch. Network growth fell, but MATIC holders seem to be excited about the announcement. On 14 February, Polygon [MATIC] finally announced the date for its zkEVM Mainnet. Dubbed as the “future of Ethereum scaling,” the Layer-two (L2) protocol pointed out that the disclosure would serve as aContinue reading “Polygon: Here’s where MATIC stands after zkEVM Mainnet announcement”

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. MATIC broke below its ascending channel pattern but was held in check.  A retest of $1.30 could be likely if BTC reclaimed the $22.25k level. Polygon [MATIC] successfully recovered but faced a hurdle atContinue reading “Polygon [MATIC]: Bulls successful at recovery – is a retest of $1.30 likely?”

Polygon zkEVM total transactions nearly reached 300,000. Whale interest increased in MATIC and market indicators looked bullish.  On 14 February, Polygon [MATIC] revealed updated statistics about its anticipated zkEVM. Polygon’s zkEVM was in the final stage of testnet testing at press time.  The testnet *nearly* reached 300k transactions, a milestone for the future of scalingContinue reading “How MATIC reacted to Polygon zkEVM’s pre-launch hype”

MATIC saw increased interest from whales and other addresses. MATIC plunged 10% at press time but bears were not in control. Polygon [MATIC] saw a significant increase in its demand of late. According to a tweet on 13 February, one particular address snapped up over 20 million tokens over the past few days, becoming oneContinue reading “Polygon [MATIC] enters accumulation phase, but all is not what it seems”

Polygon’s OpenSea daily volume soars after Super Bowl NFTs go live. MATIC limits its downside as top addresses resume accumulation. Super Bowl season is here and the excitement is already tricking into the blockchain industry. Polygon is capitalizing on the hype as well as available opportunities through a mega NFT mint. Is your portfolio green?Continue reading “Did MATIC whale sentiment shift amid Super Bowl NFT minting spree?”

Big DeFi protocols powered Arbitrum’s network activity. Arbitrum’s DEX volume surpassed that of competitors like Optimism and Polygon. Arbitrum’s performance in the DeFi space has been a revelation of late. The sentiment was echoed by data from DeFiLlama, which highlighted the chain’s increasing share of the daily trading volume recorded by Sushiswap [SUSHI], one ofContinue reading “Arbitrum’s performance on this front could help it to edge out competition”

Polygon’s price increased by more than 50% in January 2023. MATIC’s NFT ecosystem continued to grow and metrics looked in its favor. Polygon [MATIC] outperformed cryptos with a higher market capitalization, including Bitcoin [BTC] and Ethereum [ETH], in terms of its performance on the price front in January 2023. As per the latest data, MATIC’sContinue reading “MATIC overtakes BTC and ETH in key metric: Can its rally continue?”