Polygon’s native token surging because of expanding ecosystem

Matic coin moving toward the all-time high price because of the recent activities of Polygon blockchain in the crypto industry. 

Polygon is a layer 2 scaling solution inclined crypto project. This project entered the crypto market with the idea of giving a scalability and efficiency solution to the Ethereum blockchain network by integrating the Layer 2 scaling solution to the Ethereum blockchain network. 

Price of Matic coin 

The native token of the Polygon network is the Matic coin. Because of the recent discussion in the crypto industry with Polygon with the release of new upgrades in crypto projects, native tokens is surging rapidly. 

Recently almost all the flagship assets saw a 3-4% plunge in the price but here Matic coin is currently traded at $2.118. Many experts believe that Matic can tough its all-time high with more than $2.45 price soon. 

Polygon ecosystem expansion

Recently many protocols were launched on the Polygon blockchain with the initiative of cross-chain migration. 

In the latest, the IDEX Defi exchange announced the launch of the V2 version of its exchange on the polygon network. IDEX said that it will be the first kind of its liquidity DEX on Polygon. 

In the past, the Polygon network saw huge numbers of crypto NFTs and gaming projects. In particular, the most popular crypto projects are the OpenBiSea NFT marketplace and gaming/DeFi platforms like Rainmaker Games, Harvest Finance, and Jarvis Network.

And also, the Uniswap community is looking to add Polygon network support on the Uniswap platform’ V3. On 25 November, Polygon was at phase 1 vote but it is right now at second phase vote.

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