MATIC token of Polygon Network (formerly Matic) is the undisputed top performer of the ongoing market rebound. It has just printed a new all-time high over $0.20 on major spot exchanges.
MATIC price sets new record
Today, April 27, 2021, major altcoins turned green after a painful correction. Polygon's native asset, MATIC, is the leader of the recovery between the mid-caps.
The MATIC price adds more than 20 percent in 24 hours and has set a new all-time high over $0.62. Thus, its value surged 31x in 2021 only. Polygon (MATIC) looks like a textbook example of a success story behind a crucial infrastructure project that addresses the most challenging "pains" of the smart contracts segment.
An impressive inflow of liquidity should be named among the most powerful drivers behind the MATIC pump. For instance, its new AAVE integration already has $1 billion in total value locked and 7,200 users on board.
Also, Polygon is never tired of announcing collaborations of all sorts. As covered by U.Today previously, the project entered digital fashion markets due to a partnership with DIGITALAX.
Polygon transaction number goes through the roof
Ethereum (ETH) congestion and high network fees made DeFi developers seek alternatives to the rollout of their applications. Initially started as an Ethereum side-chain, Polygon (MATIC) evolved into a viable competitor of the second crypto.
Alex Svanevik of the Nansen research team shared an infographic that displays the parabolic upsurge in Polygon (MATIC) transactions registered since mid-April.
For the first time ever, the quantity of transactions confirmed by Polygon in a 24-hour period is arpproaching seven-digit waters.