Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
As reported by Polygon Daily, a portal that reviews the most interesting developments in the life of this blockchain, the best price performance on Polygon in the last 24 hours was shown by the token of the noncustodial Trust Wallet, TWT. Up 18% in the last 24 hours, TWT has more than doubled in value ahead of both SFP, which represents the SafePal wallet, and LDO, which is the governance token of the popular liquid staking platform on Ethereum, Lido Finance.
Price Performance of Polygon Tokens Last 24H$TWT @trustwallet $SFP @iSafePal $LDO @lidofinance $SNX @synthetix_io $MASK @realMaskNetwork $UNFI @unifiprotocol $STG @StargateFinance$COMP @compoundfinance #Polygon $MATIC pic.twitter.com/DLeYKJgqkU
— Polygon Daily 💜 (@PolygonDaily) November 17, 2022
What is interesting is that TWT is derived from Binance Smart Chain, but that does not stop it from outperforming assets from other networks. The token received a large influx of funds and attention after the collapse of FTX and its aftermath sparked a new wave of interest in decentralized solutions. Being a completely noncustodial solution, Trust Wallet receives a lot of support from Binance, and the TWT token itself is widely utilized and expected to be involved even more in all sorts of transactions on the wallet.
Can Polygon outpace Ethereum?
Polygon, on the other hand, is an equally fast-growing project. MATIC, a native blockchain token, managed to break into the top 10 cryptocurrencies by market capitalization during the "extremely cold" crypto winter. The number of unique addresses on the Polygon network has recently reached 191.6 million.
All of this was the result of Polygon's own mass adoption, which in the meantime has managed to get into the Disney accelerator, become an NFT infrastructure provider for Reddit and Instagram, and cooperate with Mastercard and Nike.
Tomiwabold Olajide
Godfrey Benjamin
Dan Burgin
Alex Dovbnya
Vladislav Sopov