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Polygon (MATIC) and Solana (SOL) Riding High on Bullish Momentum!

Polygon (MATIC) and Solana (SOL) Riding High on Bullish Momentum!


  • IDEX will debut a v3 Hybrid Liquidity DEX on Polygon. 
  • A new play-to-earn fantasy game was released on Solana.

Although the overall crypto market has been flat, MATIC has lately risen in value. In the past 24 hours, MATIC has risen 15% to $2.20. With this move, MATIC has increased its weekly gains to almost 20%. Several reasons have contributed to the recent price increase in Polygon (MATIC).

MATIC/USDT: Source: TradingView

Wednesday, December 1, 2018, 21Shares, a cryptocurrency exchange-traded product (ETP) provider, introduced a Polygon ETP on Euronext exchanges in Paris and Amsterdam.

Strategic Alliance

The ETP will follow MATIC, Polygon’s native cryptocurrency. 21Shares currently has 20 crypto ETPs. It also unveiled a crypto ETP tracking Ethereum-killer Solana earlier this year. Furthermore, Polygon has teamed with UK-based infrastructure provider Copper to create its Polygon (MATIC) ETP.

IDEX, located in San Francisco, will debut a v3 Hybrid Liquidity DEX on Polygon. This hybrid architecture combines standard order book functions with AMM liquidity pools. According to CoinMarketCap, the Polygon price today is $2.07 USD with a 24-hour trading volume of $3,717,310,500 USD. Polygon has been up 7.48% in the last 24 hours.

Typical investment features like stop losses, limit orders, and real-time execution will be introduced. It will also increase liquidity providers’ financial rewards. However, Solana (SOL) has been in a tight race with MATIC. On Wednesday, a new play-to-earn fantasy game released on Solana generated a stir in the crypto world, questioning the present fundraising mechanism in DeFi.

SOL/USDT: Source: TradingView

SolChicks garnered a lot of attention for having 113 different VC firms behind it. Moreover, the project’s official website contains some recognized names, such as Gate.io, but the bulk are unknown small-cap DeFi funds. According to CoinMarketCap, the Solana price today is $226.60 USD with a 24-hour trading volume of $3,841,525,752 USD. Solana has been up 1.68% in the last 24 hours.



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