• Polygon (MATIC) is seeing a significant price surge of 11.31% in the past 24 hours, with market cap and trading volume also spiking by 11.46% and 18.39%, respectively.
• Research analyst Tom Dunleavy highlighted some of the recent developments on Polygon, such as testing its zkEVM ((zero-knowledge Ethereum Virtual Machine), increased number of addresses on the network, and increasing from 200 developers to more than 1,000.
• These achievements make it clear that Polygon is on the path to success and may attract further utility and activity with its token due to its security, decentralization, scalability features.
Polygon Price Soars 11.31%
Polygon (MATIC) is soaring today, with a price gain of 11.31% in 24 hours. Its market cap and trading volume have also spiked by 11.46% and 18.39%, respectively, showing increased utility and activity with the token.
Tom Dunleavy Highlights Recent Developments
Tom Dunleavy, a senior research analyst at Messari, says the protocol is on the path to success. The researcher outlined some of the achievements of Polygon recently which include: zkEVM (zero-knowledge Ethereum Virtual Machine), increased number of addresses on the network by 90%, unlocking 90% MATIC tokens distributed and increasing developers from 200 in 2018 to more than 1,000 people now..
zkEVM Aiming For Optimal Blockchain Trilemma Solution
The purpose of their zkEVM solution is to position the network for security, decentralization & scalability – all three elements necessary for an optimal blockchain trilemma solution which can achieve mass adoption for their network & coin due to its improved security & scalability features according to co-founder Mihailo Bjelic who made these statements during its launch last summer outlining their reasons for this technology implementation..
Increased Number Of Addresses On The Network
The number of addresses on the network has increased by 90% quarter over quarter according to Tom Dunleavy’s tweet highlighting these developments as well as 90% MATIC tokens being unlocked which indicates higher growth potential given networks with high numbers of developers usually attract investors due to this reason..
Overall these developments make it clear that Polygon is on track for success attracting further utility & activity with its token & may even help them achieve mass adoption given its improved security & scalability features set out by co-founder Mihailo Bjelic during their launch last summer outlining their reasons for this new technology implementation!