It has already overtaken Dogecoin and may be looking to do the same with Cardano.
It is gearing up to release a mainnet version of its new Layer-2 scaling solution, zkEVM.
Polygon (MATIC) has been a top performer this past week, and with its recent Dogecoin flip, it may be trying to overtake Cardano and Binance USD next. Although the industry as a whole has felt the effects of Bitcoin’s surge to over $25,000, no other altcoin has witnessed benefits on the scale of MATIC’s 21% jump in seven days.
MATIC’s rise over the last week has seen its market capitalization surpass that of the most widely used meme currency in the world. On the other hand, we can’t know for sure whether this upward trend can be maintained until further down the road.
Many people feared the worst when the SEC began its assault against the digital asset sector. Most digital assets, including Bitcoin, have been moving upwards recently, with Bitcoin’s recent break over the $25,000 mark being a notable example. At the time of writing Bitcoin is trading at the $24,800 mark.
Highly Anticipated zkEVM Launch
Polygon (MATIC) has been one of the best performers alongside the most popular cryptocurrency in the globe. It has already overtaken Dogecoin and may be looking to do the same with Cardano and BUSD. At this time, MATIC is ranked as the ninth biggest cryptocurrency by market valuation.
One of the most well-known Ethereum scaling projects, Polygon (MATIC), is gearing up to release a mainnet version of its new Layer-2 scaling solution, zkEVM, on March 27. This is why zkEVM will be a ZK-Rollup, which uses an off-chain to do its computations. Thus, transactions will be less risky, more convenient, and cheaper.