Why MATIC is a silver lining in the current bear market

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 68%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Despite the ongoing bear market, MATIC's price went on an upwards trajectory, spurred by Polygon's achievements in the DeFi space.

chain. Since then, Uniswap has seen impressive growth and has become the leading DEX on Polygon in terms of trading volume.

Though the blockchain’s capabilities were immense in the DeFi space, its TVL has been on a declining trend, which was concerning. Not only that, but its network activity was also down, as evident from the dip in its daily active addresses and transactions.The blockchain’s DeFi ecosystem witnessed a major boost when it launched its zkEVM. However, the rollup’s fate was similar to that of the main PoS chain, as zkEVM’s networks were also dwindling for quite some time.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines