The price of the Polygon token increased by almost 25% in a day

The price of the Polygon token increased by almost 25% in a day

Price /></p><p>The price of Polygon’s native Ethereum second-level token (MATIC) rose by 24.9% in 24 hours, according to CoinGecko.</p><p ><img class=

Data: CoinGecko.

The asset is trading around $0.5. This is approximately 82% below the December 2021 high of $2.88.

The sharp daily increase occurred against the backdrop of the launch by the project team of a new system for identifying DAO participants – Polygon ID.

The solution uses zero-knowledge proof technology, which avoids the transfer of personal data.


Santiment analysts noted that over the past six weeks, the total assets of MATIC whales (users with balances from 10,000 to 10 million tokens) increased by 8.7%. 

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The Polygon team also reported that the network has achieved carbon neutrality. In partnership with KlimaDAO, the project has acquired and redeemed $400,000 worth of tokenized carbon credits.

What is Polygon (MATIC)?

Recall that in May, the issuer of the largest USDT stablecoin by capitalization, Tether, launched the asset in Polygon network.

In June, the «stablecoin» operator added blockchain support. USD Coin (USDC) Circle.

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