As we have reported as Kriptokoin.com, the crypto money market has gone through some very difficult times this year. However, Polygon continued to scale even further in its blockchain network development journey. however, Polygon (MATIC) has become the second largest blockchain platform in terms of daily active users on Web3, surpassing Ethereum, Solana, and others. Also, the web3 wind to be experienced may blow the prices of this altcoin. Here are the details…
Matic and these altcoins attracted attention
According to the latest data, daily active users on the Polygon blockchain have approached 400,000. Thus, user activity shows that the platform generates about $42,000 in daily revenue. Investors pay attention to altcoin projects that attract attention with their daily active user numbers. Because a web3 wind to live, this altcoin prices can fly. Here are the altcoins on the list:
- BNB Chain
- polygon
- Ethereum
- wither
- Phantom
- Arbitrum
- OpenSea
- Optimism
- Uniswap
- Avalanche
Another data from blockchain analytics firm Nansen shows that more than 332,000 users minted or traded NFTs on the Polygon blockchain in the last week. However, the biggest improvement has been Trump NFT trading cards, which add up to the most expensive purchases. Last week, former American president Donald Trump launched the NFT collection on his own social media platform, Truth Social. Also, note that the Trump-initiated NFT collection was printed on the Polygon blockchain. Interestingly, this NFT collection launch was also a hit. It’s also completely gone shortly after launch. He said:
My official Donald Trump Digital Trading Card collection is here! These limited edition cards have the incredible ART of My Life and Career! Collect all of your favorite Trump Digital Trading Cards“.
Investors on the rise for Polygon
All the developments in the Polygon ecosystem have made investors bullish about the blockchain network. Real Vision CEO Raoul Pal said Polygon is on the cusp of ‘unlocking something big’. Pal shared his bullish outlook for Polygon along with two other blockchains Solana and Avalanche. The investor said that Polygon focuses on real-world asset tokenization. Last week, blockchain network Polygon announced the launch of Polygon Entangled. This was a major upgrade to the blockchain node protocol in the NaaS (Node as a Service) system.
Although Polygon is a Tier-2 solution, it has tough competition with some Tier-1 Ethereum competitors like Solana. At the same time, Polygon’s native cryptocurrency MATIC has been in the limelight of Ethereum whales lately. Last week, Polygon (MATIC) became the most bought altcoin by ETH whales in a single day. However, MATIC price came under selling pressure amid wider market sell-off over the past weekend.
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