Polymarket, a decentralized application built on Polygon, surpassed $100 million in volume, indicating a significant increase in activity.
Polygon’s dApp Polymarkets did more than $100 million in terms of volume and also saw a surge in activity.ecosystem has seen high amounts of activity on its network. One of the reasons for Polygon’s success would be the popularity of its dApps.Polymarket, an events-based betting dApp, has done more than $100 million in terms of volume with activity spiking significantly.
Success stories like Polymarket attract more developers to build dApps on Polygon. This can lead to a wider range of applications created on the platform, further enriching the Polygon ecosystem. During this period, the price of MATIC exhibited multiple lower lows and lower highs, indicative of a bearish trend.
Coupled with that, the overall volume at which MATIC was trading at had also declined by 30% over the past month.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Analyzing Polygon’s DeFi performance after MATIC’s 7% price fallWhile bears took control of MATIC's price on the charts, Polygon's performance in the DeFi space looked commendable. Hence, the question...
Read more »
Polygon: Why it’s not the right time to buy MATICIf you ask many traders, they would most likely tell you that Polygon's ]MATIC] 43.28% should have provided a solid buying opportunity
Read more »
Polygon logs 200% hike in THIS key metric: Can it help MATIC?Polygon has seen a 200% increase in active addresses since the start of the year. Will MATIC see green in the future?
Read more »
Polygon beats Ethereum in key area – What it means for MATICPolygon's gas usage exceeds Ethereum - is this a sign of better things for MATIC? AMBCrypto takes a deeper look.
Read more »
U.S Election bets soar on Polymarket – Is that good news for Polygon?Polymarket, a cryptocurrency-based prediction platform, experienced a surge in activity driven by the upcoming U.S. elections...
Read more »
Will Polygon’s new 10M milestone help MATIC prices?Polygon was approaching the impressive benchmark of 10 million monthly active users on its platform. How will MATIC do going forward?
Read more »