MATIC price dips despite implementation of first RIP on Polygon chain

Polygon’s native token MATIC’s price is currently in a downward trend.

Polygon’s Proof-of-Stake chain is first to activate a Rollip Improvement Proposal with RIP-7212.

’s AggLayer Polygon announces successful implementation of first RIP on its chain Polygon Network, the largest Ethereum scaling solution, completed its Napoli hard fork upgrade on Thursday. The Proof-of-Stake blockchain became the first one to activate an RIP. RIP-7212 brings support for transaction cost reduction for rollups.

price is currently in a downtrend. The native token of Ethereum’s scaling chain is down 22% from its YTD peak of $1.29 on March 13.

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