Polygon (MATIC) is a key of the Ethereum layer. MATIC is trading at $2.13 at press time. And Lark Davis, a crypto investor and KOL, believes that the altcoin can rise to $10 and nothing can stop it. He also shares news and incredible information and statistics about Polygon to back up his predictions. Let’s discover what makes Polygon pump 5x in the near future.
Expand Polygon
Mirror Protocol (MIR) are both ZK aggregation solutions that Polygon will also deploy and roll out. This means they can work across chains and have different solutions on Ethereum.
1/8 It’s Official: #Polygon welcome @MirProtocol, a groundbreaking ZK startup in a $400 million deal!
Mir’s amazing team has developed the world’s fastest ZK scaling technology we are joining hands to take it and build Polygon Zero – a highly scalable ZK Rollup that is compatible with Ethereum. 🦄💫 pic.twitter.com/99m7Y0tDTN
– Polygon | $MATIC (@ 0xPolygon) December 9, 2021
Ernst & Young has launched Dusk on Ethereum and it is also launching on Polygon.
Spencer Midday says 0x Polygon Bridge has seen $500 million in inflows over the past 7 days, half a billion dollars moving from other chains to Polygon, over $28 billion all time now outstripping all other chains other blockchain bridge.
There’s a lot of money going into the Polygon ecosystem because it’s a great user experience for the people using that ecosystem.
Statistics
By 2021, Polygon has over 100 million wallets, more than 3,000 applications launched, and over a billion transactions have taken place on Polygon. They had 6 new solutions released. Only 15% have addresses on Ethereum, which means 85% of new Polygon users are choosing Polygon. Polygon welcomed 7200 new developers in December alone.
1.8 million smart contracts have been deployed on Polygon, 18 times more smart contracts have been executed than Ethereum. 50,000 polygon-based NFTs sold. 2 million NFTs sold in December on Polygon and OpenSea. Over 10,000 NFT collectibles on Polygon, total assets 15 billion, plus 80 active games, $2.5 billion in NFT trading volume.
These huge statistics are enough to prove the growth of Polygon.
Developers
UniSwap, the largest decentralized exchange in the world, is currently operating on Polygon. Aave, one of the largest DeFi protocols. OpenSea, the largest NFT marketplace, and The Sandbox, one of the largest supermarkets, are also coming to Polygon.
Burning MATIC
Polygon is launching EIP 1559, the burning mechanism that Ethereum brings, which is live on the testnet. We will start burning MATIC on every trade.
“For all these reasons and more, I believe the $10 MATIC is inevitable,” Lark firmly asserts.