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Ethereum Scaling Solution MATIC Sees Massive Boost

Ethereum is seeing some successful moves these days, and below, you can check out the latest reports about the important ETH scaling solution.

MATIC sees a huge surge

It’s been just reported that Polygon (MATIC) is witnessing surging network and developer activity in the second quarter of 2022 despite the ongoing crypto bear market.

Polygon is a scaling solution that aims to enable the widescale adoption of decentralized apps on the Ethereum (ETH) blockchain.

The online publication the Daily Hodl, notes that the Polygon chain is now home to 5.34 million unique addresses, a 12% increase from the first quarter of the year, according to the project’s Twitter account.

“Second quarter transactions also increased by 4%, and the average cost of transactions fell by fell 49% to $0.018.”

More than that, it’s been also revealed that the nonfungible token (NFT) marketplace OpenSea witnessed 1.2 million new non-fungible tokens (NFTs) come online on Polygon in Q2.

Check out more details about all this in the original article posted by the Daily Hodl. 

Ethereum in the news

Not too long ago, we were revealing that the Bitcoin and Ethereum rallies are able to last a bit longer.

The crypto market looks great today with the most important coins trading in the green.

A leading crypto analyst says Bitcoin (BTC) and the rest of the digital asset markets are rebounding on Federal Reserve Chair Jerome Powell’s dovish post-Federal Open Market Committee (FOMC) press conference.

In the latest edition of his Cryptocademy newsletter, analyst Justin Bennett dives into the charts to predict how long BTC, Ethereum (ETH), and FTX Token (FTT) rallies will last.

“Bitcoin has put in an impressive rally today, with a 7% gain as of this newsletter. Of course, most of this came following today’s FOMC.” To check out the complete details, make sure to take a look at our recent article. 

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