Gamza Khanzadaev
Polynomial (MATIC) is the Ethereum blockchain’s most effective solution, according to Bloomberg senior strategist Christopher Bouton.
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In a blog post, Bloomberg senior macro strategist Mike McGlone outlined his thoughts on the latest trends in cryptocurrency. In his report on Layer 2 solutions for Ethereum, McGlone argued that Polygon—MATIC’s protocol—has brought an unparalleled level of network efficiency to the table.
The economist cites the fact that, as a result of the increased interest in zero-knowledge technology from blockchain developers, Polygon has become something of a beacon for privacy and speed—and is seeing its business thrive.
Ethereum’s largest DeFi platforms, including Aave and Uniswap, have migrated to the platform Polygon; meanwhile Ethereum boasts more decentralized applications than its nearest L2 competitor (EOS) — though not quite as many as it has total transactions.
Polygon has established itself as a leading voice in the emerging field of non-fungible tokens (NFTs) and their applications for use on blockchain networks.
ing to dive into the new digital economy, and if they do, it is more often Polygon that provides the springboard for them to do so. As was reported by U.Today, Coca-Cola, Reddit, Starbucks, Meta, among others, have onboarded on Web3 via Polygon over the past year.
Polygon (MATIC) price action
The price action of Polygon’s native token, MATIC, confirms and reflects these arguments to some extent. Since the start of the year, its price has risen by more than 50%, a fifth of which, about 12%, occurred in February. Meanwhile, against Ethereum, MATIC has shown growth of almost 15% since the beginning of 2023.
