Ethereum scaling solution polygon (MATIC) improved its outlook for 2023, up 12% in the last 24 hours.
MATIC was trading at $1.11 recently. According to the data, transactions by daily active users using blockchain have increased. The increase has been 48% since December 31.
The rally is a race where Aptos is up 400%, Phantom about 145% and Bitcoin about 40%. cryptocurrency occurred in the market.
Polygon has registered 344,000 daily users after Binance Chain. This put it in second place ahead of Solana and Ethereum.
Polygon managed to attract attention with the partnerships and launches it announced last month. Its main launch is scheduled for early 2023. The zk-EVM public testnet went live in October.
Charles Storry of crypto index platform Phuture shared his comment in an interview with CoinDesk. “We are starting to see users and interest returning to these types of networks and re-activating,” Storry said.
Storry did not neglect to add that “There are also many projects that are built on top of Polygon that have not yet released their tokens, they will be released soon and will contribute to the already increased levels of activity”.
Polygon currently has a total locked value (TVL) of approximately $1.1 billion, according to data from DeFi Llama.
“We’re seeing mass TVL increases for riskier projects and early-stage applications,” Storry said.
“In a bear market, investors are more conservative and don’t want to take big risks, but now that prices are up a bit, they are more open to newer and riskier ecosystems like Polygon.”