Polygon (MATIC) price has registered an intense bullish stride seen the past couple of weeks. The coin’s upcoming merge with Ethereum seems to have triggered the rebound. MATIC price is hugely bullish ramming to a high of $0.9075, which is a little under July’s ATH seen at $1.01. MATIC has spiked by more than 190% compared to the lowest level figure registered in July which hauls its total market capitalization to a little above $6.7 billion. Polygon Making Solid Ties Polygon is a revolutionary layer-2 cryptocurrency scaling solution with an aim to amplify applications built in the Ethereum network. Polygon is able to scale a plethora of applications by processing the transactions outside of Ethereum network. It is said to process 65,000 transactions per second and boasts of low transaction fees. Popular DeFi tokens built on Polygon’s ecosystem include SushiSwap, Uniswap, Curve, and Aave. Polygon has also closed partnerships will Walt Disney for its 2022 Disney Accelerator Program, Disney for exploring AI, AR, and NFTs, and also most recently with Reddit with their upcoming launch of Collectibles Avatar NFT marketplace. More so, they also had partnerships with Stripe and Twitter. Around 48 Terra projects also migrated to Polygon following its dismal implosion including Derby Stars and OnePlanet. MATIC has registered a TVL amounting to $1.85 billion which is comparatively lower from its ATH of over $6 billion. Source: TradingVi...
