Will there be more financial support for Polygon to reappear for the first time in a number of public events?

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, Florigaon's MATIC token is once again in the spotlight.

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

Footprint analysis: MATIC Award

As the upcoming public news channel TVL reports, Ethereum is still a hot topic right now, while other channels are still in constant 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 sidechain solutions that make Ethereum profitable. Similar products include xDai and Ronin.Its purpose is to solve some of Ethereum's problems, including:

low flow

Negative use (high cost and slow operation)

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 extended from two extensions of the Ethereum chain to the “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 Wasm desktop, custom blockchain, and scalable algorithm approval.Therefore, quick exchange and low 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 use Polygon to set up pre-blockchain connections 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 undergo an on-chain export process before it could accept the Ethereum transformation.blood clots. 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 initial projects on the commercial and DeFi OpenBiSea NFT platforms for games such as the Rainmaker Games, Harvest Finance and Jarvis networks. for

Since the start of this year, new regulations have been added to the Polygon network, with several top-notch DeFi projects on Ethereum, but also on migration projects with other public channels. for

Recently, the decentralized exchange IDEX announced that it will announce the V3 version of the exchange on the Polygon network, which will be Polygon's first hybrid DEX solution. for

Currently, the Uniswap community is voting to add Polygon support for Uniswap V3, and a majority of voters voted on November 25 in the first round, and the process has moved to phase 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.