** “The rise of polygon is the prominence in the crypto market
The cryptocurrency market is experiencing a significant increase in activity in recent months, with several important actors emerging as strong domain candidates. Among the thesis, Polygon (in) made an impressive demonstration of strength, boosting themselves to the forefront of the market.
Polygon, formally known as Matic Network, is an Ethereum -based decentralized application platform that aims to revolutionize the way transactions are performed on blockchain. With its innovative approach to scalability and efficiency, Polygon has legs gaining strength between investors and users.
A strong market
Crypto Bull’s market has been driven by a combination of factors, including increasing institutional investment, increasing mainstream adoption and improvements in market liquidity. However, Polygon’s strategic updates and partnerships were recently boosted to the forefront of this market trend.
In February 2021, Polygon announced its plans to update the Blockchain Ethereum using its stake consensus algorithm (POS) test, which would be significant to reduce transaction rates and improve scalability. This movement has sent shock waves through the cryptographic community, with many investors listing the benefits that this update would bring.
Last month, Polygon announced a strategic partnership with NBA Top Shot, a popular video -based entertainment platform. The deal saw Polygon’s native token (Matic) gain a significant traction among users, as they sought to buy exclusive content from professional athletes.
Polygon market cap and negotiation volume
By the time of the writing of this article, Polygon exceeded $ 2 billion in market capitalization, solidifying its position as one of the main performances in the encryption market. Its negotiation volume has also reached record elevations, with users migrating to buy Matic in anticipation of future price increases.
Why Polygon is one of the main options for investors
So what does Polygon separate from its competitors put? Here are just a few reasons why investors are eager to board:
* Scalability
: Polygon’s POS consensus algorithm allows significantly higher transaction rates and faster block times compared to Ethereum -based traditional solutions.
Efficiency : Matic Network’s smart contract platform allows developers to create complex applications without the need for expectation infrastructure updates.
* Innovation : Polygon’s commitment to innovation has gained IT recognition as one of the most exciting projects in space.
A bright future ahead
While the encryption market continues to experience a strong bull race, Polygon is ready to capitalize on this moment. With its innovative technology and strategic partnerships, the project is well positioned for continuous growth and success.
In conclusion, the rise of Polygon The prominence as one of the main candidates in the encryption market was impressive. As investors, we should keep an eye on this exciting project as it continues to make waves in the sector.