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Polygon’s expanding ecosystem backs MATIC’s rise toward a new all-time high -Breaking

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Discussions on layer-two (L2) networks have been rife. The massive rallies witnessed in many protocols this year have fueled speculation about their tokens. Developers and investors migrated to L2-supportive platforms after the parabolic rise in decentralized finance (DeFi), and nonfungible tokens (NFT).

Polygon, a L2 solution which saw its token value rise to new heights in early 2012 and is now poised for another breakthrough higher, was one that did well earlier this year.MATICThe ) proof-of-stake Blockchain protocol, which aggregates scalable solutions from Ethereum to support a multichain ecosystem.

MATIC/USDT 1-day chart. Source: TradingView
Polygon presents a balance price vs. MATIC. Source: Intotheblock
Polygon revenue vs. price Source: Token Terminal
VORTECS™ Score (green) vs. MATIC price. Source: Cointelegraph Markets Pro