Polygon (MATIC) sees impressive surge in gaming addresses
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Several developments also boosted Polygon's gaming ecosystem: Immutable, in partnership with King River Capital and Polygon Labs, launched the $100 million Inevitable Games Fund, which focuses on the Web3 gaming ecosystem. In addition, Square Enix collaborated with Animoca Brands to expand its NFT game, Symbiogenesis, globally.Other key metrics also highlight Polygon POS's growth: Polygon's stablecoin market value climbed to $1.
Outside of gaming, DeFi daily active addresses increased by 67% quarter over quarter to 50,000. NFTs and Social also saw increasing activity, albeit in far lesser quantities than gaming and DeFi.is currently undergoing some key evolutions, adding to the optimism surrounding the blockchain. Polygon Labs, a zero-knowledge focused software company, is creating a network of aggregated blockchains called the AggLayer, which is secured by Ethereum.
As part of the Polygon 2.0 upgrade, MATIC will be replaced with POL. POL will allow holders to contribute to network security on multiple protocols in the Polygon ecosystem using a native restaking protocol, earning incentives for a variety of services. These services range from simple transaction validations to more complex activities such as creating ZK-validity proofs.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst.
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