HomeNewsMATIC's Gaming Growth: A Beacon of Hope for Polygon's Future, Can Price...

MATIC’s Gaming Growth: A Beacon of Hope for Polygon’s Future, Can Price Hit $1? Report

- Advertisement -
  • Polygon’s gaming ecosystem witnesses robust growth with three of its top five dApps rooted in gaming.
  • Despite the gaming sector’s success, MATIC remains bearish, showing a downtrend in market metrics.

Polygon’s Gaming Ecosystem: An Ascending Star

The burgeoning realm of blockchain in gaming has unfurled a new horizon, and Polygon stands testament to this revolution. Data from Dune Analytics reveals an unmistakable uptick in Polygon’s gaming ecosystem, highlighted by consistent growth metrics such as unique addresses and heightened transaction activity specifically within gaming dApps.

Notably, recent statistics from DappRadar have accentuated the influence of the gaming sector on Polygon’s expansion. A testament to this is that three of the top five dApps in Polygon’s ambit over the last day hail from the gaming niche. Specifically, these gaming giants include Pandra War, Sunflower Land, and Planet IX.

MATIC’s Partnership Play

- Advertisement -

In a move that further fortifies the potential of Polygon’s gaming segment, MATIC announced a notable collaboration. The launch of the Immutable zkEVM testnet has ushered in a suite of new features and capacities. For the uninitiated, zkEVMs (Zero-Knowledge Ethereum Virtual Machines) enhance scalability and privacy in blockchains. By opting for Immutable zkEVM, users are poised to gain both the intrinsic benefits of zkEVMs and Immutable’s tailored gaming-centric features, simplifying the process of crafting web3 games.

This development hasn’t gone unnoticed. Sandeep Nailwal, the co-founder of Polygon, took to Twitter to emphasize the significance of this partnership for the roadmap of Polygon 2.0. According to Nailwal, the advent of these testnets is emblematic of a monumental stride toward actualizing the vision for Polygon 2.0.

MATIC’s Market Dilemma

- Advertisement -

However, as the gaming sector on Polygon soars, the trajectory of its native cryptocurrency, MATIC, doesn’t mirror this success. Current data from CoinMarketCap paints a grim picture, highlighting a 14% decline for MATIC over the past week. At the time of reporting, MATIC traded at a value of $0.5808, commanding a market cap exceeding $5.4 billion.

Analyzing deeper into Polygon’s metrics unveils further concerns. An evident increase in the token’s exchange reserve is perceived, signaling heightened selling pressure on MATIC. Concurrently, the number of active addresses and overall transfer volume have dwindled, providing a bearish outlook for the token.

Best Crypto Exchange for Everyone:

  • Invest in Polygon and 70+ cryptocurrencies and 3,000 other assets.
  • 0% commission on stocks – buy in bulk or just a fraction from as little as $10.
  • Copy top-performing traders in real time, automatically.
  • Regulated by financial authorities including FAC and FINRA.

2.8 Million Users

Get Started


- Advertisement -
ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Brian Johnson
Brian Johnson
A dedicated Bitcoin journalist passionate about uncovering the latest trends, developments, and innovations in the world of cryptocurrency, while delivering engaging and well-researched articles to inform and educate readers on the dynamic digital finance landscape.
- Advertisment -spot_img