Author Archives: ambcrypto.com

According to recent data provided by Delphi Digital, it was observed that Arbitrum overtook Polygon in terms of Gains Network usage. Well, Gains Network, is a decentralized leverage trading platform. As dApps continue to get drawn to various L2s, it could impact the overall dominance of Polygon in the DeFi space. According to Dapp Radars data, the volume[Read more…]

Polygon [MATIC] has given up over three-quarters of its gains from the mid-February rally. It faced a critical test as it dropped to its multi-week ascending trendline. While the recent price rejection at $1.55 caused a 20% depreciation, there was still hope for bulls if Bitcoin [BTC] maintained the psychological level of $23k. Can the ascending line check[Read more…]

Polygon [MATIC] recently made a major announcement that will likely increase the network’s capabilities and offerings. The blockchain has partnered with Eclipse to launch a new software that will allow Solana apps to migrate to Polygon or go multichain.  But the question is- Why should an investor care about this partnership? Well, to answer that we[Read more…]

Polygon [MATIC] took a cue from Bitcoin [BTC] and traded in range on Friday. BTC oscillated in the $23.76 – $24.20k range, while MATIC consolidated between $1.3527 and $1.4036. MATIC leaned on the lower range boundary at press time but could offer a market entry for bulls if this support becomes steady.  Can the $1.3405 level offer bulls[Read more…]

Polygon [MATIC] reclaimed its position as the 10th largest cryptocurrency in the world in terms of market capitalization by flipping Solana [SOL]. Thanks to MATIC’s recent price action, which helped the network once again enter the top 10 clubs. CoinMarketCap’s data revealed that MATIC’s price surged by more than 8% in the last 24 hours, and at the[Read more…]

Arbitrum was observed to be generating more revenue when compared to other layer-2 solutions like Optimism and Polygon. According to data provided by the token terminal, Arbitrum generated $14.4 million in revenue without accumulating any overhead by offering token incentives. On the other hand, Polygon generated $5.6 million in revenue but had $599 million of token[Read more…]

New data provided by Token Terminal suggested that Polygon [MATIC] witnessed a significant increase in daily active addresses, ranking second after Binance Coin [BNB]. One potential reason for this increase could be Polygon’s presence in the DeFi space. DEXes lend a hand Over the last few months, there was a surge in DeFi active wallets, with a significant[Read more…]

Polygon [MATIC], the sidechain connected to the main Ethereum [ETH] blockchain, completed a hard fork to its proof-of-stake (PoS) network on 17 January. The purpose of the hard fork, as stated in a 12 January blog post, was to make the Polygon network more efficient by introducing two key changes. Changes included in the Polygon hardfork First, the[Read more…]

The flow of stablecoins surged on the Polygon [MATIC] network over the last few days, impacting the DeFi space positively.One of the key areas of growth for Polygon was its Total Value Locked (TVL), which grew by 9% over the last 30 days and ranked no.4 on Defi Llama. A higher TVL indicated that more users were participating in[Read more…]

Layer 2 solutions in the crypto market have been showing improvements despite the market seeing turbulence. One of the L2 solutions that have shown great promise is Optimism. According to Dune Analytics, transactions on Optimism grew substantially over the past few days. One of the key areas of growth has been the number of ERC-20 transactions[Read more…]