If Sequoia and many other organizations increase their insurance coverage, will Polygon again be the leader of many public campaigns?

According to Footprint Analytics, several investors, including Sequoia Capital India and Steadview Capital, are in talks with Polygon to buy between $ 50 million and $ 150 million in tokens. According to the latest news, the Florigaon brand, MATIC, is back in the spotlight.

After the December 4th plunge, Polygon's MATIC token rebounded 35%, hitting its 7-month high.

Footprint analysis: MATIC Award

As can be seen on the upcoming public TVL TVL, Ethereum is still important now, while other channels are still in development and have huge potential.

Footprint analysis: all TVL channels

Polygon: create and connect Blockchain networks compatible with Ethereum

Polygon is the framework and foundation for building and connecting blockchain networks compatible with Ethereum. Polygon is one of the solutions that make Ethereum work better. Similar side chains include xDai and Ronin, which aim to solve many Ethereum problems, including:

low flow

Lack of management control (integration, risk of collisions, non-adjustable technological equipment, management success)

Polygon provides a complete framework for creating and connecting blockchain networks compatible with Ethereum. Its goal is to transform Ethereum into a multi-chain ecosystem with secure chains (also known as layer 2 solutions) and independent chains.

Footprint Analysis: Binance Chain and Ethereum Fuel Consumption

As the project capital shifted from a two-stage expansion of the Ethereum chain to a “network of networks”, Matic eventually changed his name to “Polygon”.

Benefits of the Polygon solution

There are many advantages to the Polygon mission scaling design, which makes it one of the most attractive Ethereum scaling platforms. According to Footprint Analytics, Polygon's TVL currently exceeds $ 5.1 billion, with volumes estimated at $ 4.2 billion.

Footprint analysis: Polygon Eco TVL

Polygon has the following advantages in its solution for Ethereum:

scalability

Polygon has a unique Wasm operating environment, custom blockchain, and scalable algorithm trust. Therefore, faster exchange rates and lower fuel prices are good for producers and participants.

Compatible Ethereum

Ethereum offers cutting-edge technology, tools, language, design, and industry knowledge. Polygon and Ethereum are interconnected and can exchange data easily.

modular design

Polygon's modular design determines characteristics such as flexibility, adaptability, rapid completion and easy integration.

Developers can create pre-built blockchain networks with Polygon and customize their products according to their needs. With community participation, these templates can be further customized with more and more modules, making them customizable, extensible, scalable, and quick to use.

Cooperation

Polygon had to be marketed on chains before it could be explored on Ethereum, and the device used for this is called Plasma. Polygon aims to serve as the basis for the formation of interconnected blockchains. It supports various data exchanges (tokens, contracts, etc.), allowing data in the chain to be connected externally.

user experience

Polygon does not require any knowledge, token investment or approval. Its simple design makes it easy to create custom solutions or add new functions, and features low operating costs and fast business operations.

Ecosystem expansion

Polygon has already seen the announcement of trades on the OpenBiSea NFT industry and gaming / DeFi platforms such as the Rainmaker Games, Harvest Finance and Jarvis networks. for

Since the start of this year, the Polygon network has added new features, including migration plans involving several top-notch DeFi operations on Ethereum and other public channels. for

Recently, the decentralized exchange IDEX announced that it will announce a v3 version of the exchange on the Polygon network, which will be Polygon's first liquid hybrid DEX. for

Currently, the Uniswap community is voting to add Polygon support for Uniswap v3, and as of November 25, a majority of voters in phase 1 voting, and content has moved up to level 2.

Footprint analysis: TVL by type of protocol

Footprint analysis: the law of the TVL polygon chain

After ETH 2.0, the Polygon solution is more stable. Lower fuel costs, a better user experience for sending nodes to Ethereum in the short term, and a complete green setup will continue to appeal to DeFi providers.