• Polygon (MATIC) is experiencing a surge in its price, market cap, and trading volume.
• The protocol has been working on developing its ecosystem with the introduction of zkEVM, increase in developer numbers and the unlocking of MATIC tokens.
• With these developments, the crypto project is poised to achieve greater success and mass adoption.
Polygon’s Stellar Performance
Polygon (MATIC) has seen an impressive 11.31% increase in its 24-hour price, accompanied by a 11.46% spike in market cap and 18.39% growth in trading volume. This surge indicates increased utility and activity with the token, reflecting Polygon’s efforts to develop its ecosystem.
zkEVM: Solving the Blockchain Trilemma
Tom Dunleavy of Messari highlighted some of Polygon’s recent achievements such as their zkEVM (zero-knowledge Ethereum Virtual Machine). The purpose of this solution is to optimize security, decentralization, and scalability for the network – otherwise known as the blockchain trilemma – providing an avenue for greater Web3 development and mass adoption for MATIC coin holders.
Growth In Numbers
Dunleavy also noted that addresses on Polygons have grown 90% quarter over quarter while 90% of distributed MATIC tokens have been unlocked. Furthermore, developers working on Polygon have risen from 200 in 2018 to more than 1,000 – suggesting higher potential for growth given that networks with higher developer numbers tend to be more attractive investments.
Mass Adoption In Sight?
In summary, Polygon’s promising performance combined with their developments toward achieving security, decentralization and scalability make it an attractive investment opportunity for those looking for exposure to crypto projects poised for mass adoption .
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