Instagram’s announcement that it will take the NFT step with Polygon and JPMorgan’s step strengthened the rise of MATIC. MATIC, the 11th largest cryptocurrency, has risen by 17% in the last 24 hours.
While the exit of Polygon, which has entered into a serious upward movement in recent days, continues, the popular analytics platform Santiment has also put the MATIC rise into figures with its sharing.
Santiment’s Twitter account shared that transactions over $ 100,000 have broken records since February. However, the number of addresses holding over 10 million MATIC has increased significantly, clearly shown by the shared graph.
According to the information received from Whalestats, MATIC has an important place among the tokens held by the 100 largest Etherwhales. Whales have a total of $37 million MATIC. In this sense, the most held token is Shiba Inu, which is $ 96 million.
JPMorgan and Instagram chose Polygon
As it will be remembered, 2 days ago, JPMorgan, one of the largest investment banks in the USA, made the first decentralized finance transfer with an infrastructure established on Polygon. The process used a modified version of AAVE. JPMorgan tokenized $71,000 and traded it for the digital yen provided by SBI Digital Asset Holdings, which also tokenized the Japanese yen. The bank stated that this was not a cryptocurrency trade, but an “experiment in decentralized finance”.
Instagram, one of the largest social media platforms, also announced that it took the NFT step with Polygon.
“I won’t stop until MATIC is the biggest .3 crypto”
Polygon co-founder Sandeep Nailwal also wrote in his latest tweet that Polygon will not stop until it makes the 3rd largest crypto money after Bitcoin and Ethereum.
MATIC, which has been on a serious rise in recent days, is trading at about $ 1.11 in the minutes of writing.