Impact

Polygon

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/polygons-advanced-aggregation-tech-to-bolster-swells-restaking-protocol">Polygon’s Advanced Aggregation Tech to Bolster Swell’s Restaking Protocol</a><br></p>
<p style="text-align: justify">Swell has chosen Polygon’s AggLayer, an advanced zero-knowledge aggregation technology, to develop its restaking protocol. This decision coincides with <a href="https://en.bitcoinhaber.net/ethereums-resilience-signals-promising-future-despite-market-fluctuations">Ethereum</a>‘s latest Denizen update, which emphasizes the importance of staking and restaking processes within the Layer-2 ecosystem. The update is expected to substantially decrease transaction fees, encouraging the uptake of Layer-2 chains. Polygon’s native token, MATIC, experienced a notable daily surge of 7% following the announcement.</p> 
<h2 id="integration-of-cutting-edge-technology">Integration of Cutting-Edge Technology</h2> 
<p style="text-align: justify">Polygon is set to apply its AggLayer to Swell’s project, incorporating this layer-2 scaling solution into the decentralized <a href="https://en.bitcoinhaber.net/unlocking-financial-futures-with-ai-the-algosone-trading-revolution">finance</a> (DeFi) network. This move aims to enhance scalability and provide seamless access to liquidity across multiple blockchains. Ethereum’s enhancements through the Denizen upgrade are anticipated to further advance the Layer-2 token narrative and potentially lead to broader adoption of Polygon’s offerings among Web3 developers.</p> 
<h2 id="market-impact-and-growth-strategies">Market Impact and Growth Strategies</h2> 
<p style="text-align: justify">MATIC’s price has climbed to $1.2774, reflecting the market’s positive reception of Polygon’s technological advancements and the potential benefits of Ethereum’s Denizen upgrade. In a strategic move to foster ecosystem growth, Polygon distributed 217 million MATIC tokens, worth $198 million, to 70 wallets in November, sparking discussions over possible sell-offs as a considerable amount was moved to centralized exchanges.</p> 
<p style="text-align: justify">Furthermore, the number of active addresses transacting on the Polygon network has spiked by 88%, from 1,719 to 3,232, indicating a rising trust in the <a href="https://en.bitcoinhaber.net/warning-bells-for-bitcoin-and-ethereum-analyst-predicts-downturn">cryptocurrency</a>. This uptick in user engagement and the consequent price appreciation of MATIC underscores the growing confidence in Polygon’s platform and its token within the cryptocurrency community.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/polygons-advanced-aggregation-tech-to-bolster-swells-restaking-protocol">Polygon’s Advanced Aggregation Tech to Bolster Swell’s Restaking Protocol</a></h5>

Polygon’s Advanced Aggregation Tech to Bolster Swell’s Restaking Protocol

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