Through his tweet today, Messari analyst Tom Dunleavy singled out Polygon as a top-performing crypto asset and further described traits that set the cryptocurrency for further growth. The Rise Of Polygon In Business Use Cases Dunleavy first said the huge number of daily active users on Polygon is a demonstration that the Ethereum layer-2 scaling network continues going from strength to strength. The analyst said approximately 90% or more of the token distribution is unlocked or distributed in Polygon contracts, with a fraction of MATIC burnt gradually over time. Such token burning helps to increase the price of the tokens in circulation. Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today! Dunleavy further recognized Polygon as the crypto industry leader in zero-knowledge and optimistic roll-ups. He pointed out that Polygon zkEVM harnesses the power of advanced cryptography called zero-knowledge proofs, which enables it to work seamlessly with all existing wallets, smart contracts, and developer tools. Related Reading: This Unknown $20 Million Transfer In MATIC Caused A Price Drop? Ethereum’s transaction capacity is known to be lower than rival blockchains like Tezos and Solana, and its high gas fees make it quite expensive for various use cases. Polygon zkEVM helps to boost Ethereum’s network’s capabilities, thus allowing users to transact cheaply and rapidly without compromising the network’s essential security guarantees. Dunleavy also talked about the Decentralized Social (DeSo) on Polygon, which is seen through the presence of the Lens Protocol – a decentralized social graph that developers use to develop social dApps, and users leverage to take control of ownership of their assets. BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? 570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild. io. Play Now! Lastly, Dunleavy described Polygon as a utilitarian platform that is widely used in network operations and widespread applications. Polygon has continued partnerships with institutions like Stripe, Instagram, and Adobe, among others, to develop innovative solutions. Today, the Polygon network supports more than 53,000 dApps (decentralized apps). Several major Web 3. 0 projects, like Opensea, Aave, Uniswap, and others, are on the network to offer services to their users. Polygon’s success is also based on its partnership deals to raise investment funds. Last year, the firm struck a massive deal in which it raised $450 million from a variety of investment firms. Related Reading: Whale Associated with Chinese Ponzi Scheme Becomes The Fifth Biggest MATIC Holder MATIC Price Action MATIC fared much better than several other digital assets during the bear market witnessed last year. Instead of dropping its value, the token managed to retain some key support levels and started surging again. Such an uptick was due to large-scale partnerships (with firms like Coca-Cola, Disney, and others) the token announced last year, as well as the increasing adoption of its layer-2 scaling solutions. MATIC price is moving sideways on the 4-hour chart. Source: MATIC/USDT on TradingView. com Since the beginning of this year, MATIC has experienced an impressive turnaround, soaring its value by about 55. 29%. MATIC is currently trading at $1. 18, up 1. 05% in the last 24 hours, with a trading volume of $501 million. With a market cap of $10. 2 billion, MATIC is ranked 10th among cryptocurrencies listed on Coinmarketcap. Featured image from Shutterstock, Chart from TradingView Share Tweet Share Share Sign Up for Our Newsletter! For updates and exclusive offers enter your email. Sign Up I consent to my submitted data being collected and stored. Leave this field empty if you're human: Samuel Edyme Related Posts Whale Associated with Chinese Ponzi Scheme Becomes The Fifth Biggest MATIC Holder 2 days ago Polygon Bearish Signal: Whale Deposits $5. 2M In MATIC To Binance 2 days ago Top 5 Cryptocurrencies Still Making A Killing Despite The Market Slowdown 5 days ago Did Google Bard Kill AI Hype? Why Fetch. AI Could Fall By 80% 7 days ago BitMEX Founder Arthur Hayes Says He Is the Largest Holder of LOOKS Tokens 7 days ago SingularityNET (AGIX) Surges 26. 84% Following Partnership with Cardano 1 week ago.