Will This Event Turn Buy The Rumor Sell The News For Polygon? MATIC Price To Hit $3 This Weekend?

The post Will This Event Turn Buy The Rumor Sell The News For Polygon? MATIC Price To Hit $3 This Weekend? appeared first on Coinpedia — Fintech & Cryptocurreny News Media| Crypto Guide

The crypto town is all set to spectate a major event, which this time around is from the stable of a layer-2 protocol, “Polygon”. The impeccable journey of Polygon has left mainstream protocols in the dust, whilst leaving footprints for emerging layer-2’s to follow suit. The much talked about upgrade to EIP-1559, comes closer to its date of launch.

The connoisseurs from the Polygon community have pinned a hawkish stance on the EIP-1559 upgrade aka the London hard fork upgrade. Which would revolutionize the fee structure of the network, whilst opening doors for newer opportunities. In the interim, Polygon’s partnerships and adoptions have been doing seemingly well.

Will Polygon Now Be A Deflationary Asset?

Since MATIC has a fixed total supply of 10 Billion tokens, EIP-1559’s token burning mechanism will have a deflationary effect on the asset. The upgrade will further empower the benefits of users of decentralized applications by lowering the fees. The upgrade will be imperative in the price trajectories of Polygon’s native token MATIC.

More Power To Polygon’s Glory?

In addition, the unique users have seen growth of 113% at 7,000 users, while the transactions are up 198% at 52,000. The average transaction per user is 6.5, which is 2.5 times greater than that of Ethereum’s.

Since the confluence, adoption has been escalating at a steady rate, the current TVL score stands at the ATH of $66M. On the contrary, Liminal launch will be launching the Polygon Partner Program.

The initiative will enable Polygon dApps to use Liminal’s self-custody platform to secure their digital assets at a subsidized rate.
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