Global #MATIC

Polygon, the popular layer-2 scaling solution for Ethereum, is set for a major upgrade on September 4th, 2024. This upgrade will see a key change: the network's native token, MATIC, will be migrated to a new token called POL.

The price of Polygon's native token, MATIC, has been struggling recently. However, a glimmer of hope emerges as optimistic investors might be the key to a potential price surge.

Polygon, a layer-2 scaling solution for Ethereum, has recently surpassed its parent blockchain in a critical area: active user base. This achievement, while not a direct threat to Ethereum's dominance, marks a significant milestone for Polygon and its native token, MATIC.

Polygon (MATIC) appears to be on the verge of an uptrend as the number of whale addresses holding the prominent Layer 2 (L2) token is starting to rise. An analysis of the token’s movements on a daily chart also indicates a gradual resurgence of bullish activity in MATIC’s market.

Lido (LDO), the liquid staking protocol for Ethereum (ETH) and Polygon (MATIC), experienced a significant price surge in the last 24 hours following the long-awaited approval of spot Ethereum ETF applications by the U.S. Securities and Exchange Commission (SEC) on Thursday.

Polygon, the Ethereum scalability solution addressing the network's scalability challenges, has reached a significant milestone: 4 billion total transactions. This accomplishment stands out, especially considering that the network was launched merely four years ago in June 2020.