MATIC is down 50% as of late. But is there a thesis for bullish investments?
. The first release will allow the aMATICb liquid staking token to be sent and stored. This enables users to earn additional layers of rewards on DeFi platforms.
To confirm whether the TVL drop in Polygon is troublesome, one should analyze DApp usage metrics. Some DApps, such as games and collectibles, do not require large deposits, so the TVL metric is irrelevant in those cases.As shown by DappRadar, on March 10 the number of Polygon network addresses interacting with decentralized applications grew by 5% versus the previous month.
On Nov. 16, Polygon launched its zk-STARK-powered Miden Virtual Machine, a zero-knowledge Scalable Transparent ARgument of Knowledge. Polygon has also committed over $1 billion for developingthat need sensitive information redacted on digitized assets, reducing their size for fast verification by blockchain participants.
The above data suggest that Polygon is holding its ground versus competing chains, and those holders might not worry too much about MATIC’s 50% price correction. Polygon’s ecosystem continues to flourish, and the fact that it offers much demanded layer-2 scaling solutions for multiple industries can be viewed as a bullish factor.
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