Polygon is a protocol along with also a frame for constructing and connecting Ethereum-compatible blockchain networks.
It aggregates scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem. This is why we have observed an explosion in MATIC price. Polygon solves pain points related to Blockchains, such as high gas fees and slow speeds, without sacrificing on security. This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc, but with at least three major upsides:
- Polygon is able to fully benefit from Ethereum’s network effects
- It is more protected
- It is more spacious and strong
Below are some of the projects built on Matic
One of the most popular Prediction Markets from the blockchain area, Polymarket has redefined the space with its smooth UX
DeFi established crypto collectibles game; gamers stake NFT’s with attention generating tokens in the Aavegotchi Metaverse
Casino style games Developed in the Decentraland metaverse, Where You Are Able to play your favorite card games along with your chosen avatar
Place your bets on your favorite sporting events with SportX and get more with weekly contests on this popular sports betting platform
A fork of Compound that brings several DeFi products under a single roof with financing, borrowing, staking and more accessible one Dapp
Cyberpunk RPG adventure game Which Allows players to battle it out at a sci-fi dystopia and win in-game NFT’s
Dfyn.network is a community-governed DeFi project that supplies a low-fee AMM exchange along with yield farming chances. Dfyn will even work on supplying an extensive platform for social tokens and NFTs.
Next-gen Layer 2 DEX. Trade at lightning-fast speeds with near-zero gas prices.
Autonomous and non-custodial infrastructure for pegged-value crypto assets.
Opium is a universal and powerful protocol which allows for generating, settling, and trading any decentralised derivative.
Cryption.network is all set to start the products with different revolutionary new attributes on Polygon (Matic) — a complete blessing to the DeFi sector and NFT.
Poolz is a hedging protocol that enables startups and project owners to market their tokens for bootstrapping liquidity.
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Decentralized World of Ether Monsters. Blockchain, Monsters, Ether, Ethereum, Bitcoin, World of Ether Monster, worldofether monster.
There are many other projects developed on Polygon. You can review the whole list here.
Let us examine MATIC Price
MATIC Price Prediction (Polygon)
MATIC is currently trading close to the support region of $1. 31. There’s a better service at $1. 05 and we can see a fall towards this area. As long as MATIC stays over the support in $1. 05 and then takes back $1. 31 area, we can start seei