Polygon (MATIC), a solution that extends layer-2 on a mesh network blockchain of Ethererum, currently trading around $2.15 at press time. A Crypto KOL Shared Reasons That Can Help MATIC pump x5 in the near future.
Lark Davis, a popular crypto KOL with nearly 500,000 followers on Youtube and 822,000 followers on Twitter, believes that MATIC can rally to $10 from current prices and nothing can stop the rally. its chief.
To back up this prediction, Davis cited reasons that could help the coin rise.
ZK-proof is a cryptographic tool that can be used to generate ZK-rollups. ZK-rollups allow transactions to be processed but do not require all transaction data to be posted on Ethereum. This reduces the block space used on Ethereum, thereby allowing it to scale and reduce gas fees.
Polygon said that Mir Protocol owns the fastest ZK-Proof technology. Therefore, the acquisition of Mir Protocol will be very beneficial for Polygon in terms of technology.
“Mir's amazing team has developed the world's fastest ZK scaling technology, we are joining hands to take it and build Polygon Zero – a highly scalable ZK Rollup that is compatible with Ethereum," Polygon tweeted.
1/8 It's official: #Polygon welcomes @MirProtocol, a groundbreaking ZK startup in a $400M deal!— Polygon | $MATIC 💜 (@0xPolygon) December 9, 2021
Mir's amazing team developed the world's fastest ZK scaling tech; we are joining hands to utilize it and build Polygon Zero - a highly-scalable, Ethereum-compatible ZK Rollup. 🦄💫 pic.twitter.com/99m7Y0tDTN
Ernst & Young has also launched Nightfall on Ethereum and it is also launching on Polygon.
Spencer Noon said 0x Polygon bridge has seen $500 million in inflows in the past 7 days, about half a billion dollars has moved from other chains to Polygon, more than $28 billion at all times is now far out all of blockchain other bridges.
Davis says a lot of money is flowing into the Polygon ecosystem to improve the great user experience in order to keep the users in the ecosystem.
By 2021, Polygon has over 100 million wallets, over 3,000 applications launched, and over a billion transactions taking place on Polygon. They had 6 new solutions released. Only 15% has an address on Ethereum, which means 85% new Polygon users are choosing Polygon
Polygon welcomed 7200 new developers in December 2021 alone.
In addition, 1.8 million smart contracts have been deployed on Polygon, 18 times the number of smart contracts that have been executed compared to Ethereum. 50,000 won NFT Polygon-based were sold. 2 million NFT on sale December 2021 on Polygon and OpenSea.
More than 10,000 NFT collectibles on Polygon, 15 billion total assets, plus 80 active games, $2.5 billion in NFT trading volume.
These huge statistics are enough to prove Polygon's long-term growth.
UniSwap, the largest decentralized exchange in the world, is currently operating on Polygon.
Polygon is launching EIP-1559, which is the burning mechanism that Ethereum brings, currently live on testnet.
“We will start burning MATIC on every transaction,” a Polygon representative said.
“For all these reasons and more, I believe a $10 MATIC is inevitable,” Davis assured his followers.