Polygon Ecosystem Topped Off 2022 with 20+ Major Partnerships

• Polygon’s native token MATIC has been stuck in its current support of $0.7550 since late 2022.
• The ecosystem has ended 2022 on a positive note with over 20 partnerships with major brands such as Nike, StarBucks, and Reddit.
• Bhavish Finance, a newly built prediction market platform, has breached 1,100 weekly active users with over $1.287 million predictions made on the platform.

Polygon, the Ethereum L2, has seen a significant amount of growth in the past year. Despite the bear market clawing through MATIC’s gains, the ecosystem has seen remarkable success in the form of partnerships and new market platforms.

The ecosystem has ended 2022 on a beautiful note, with over 20 partnerships with major brands such as Nike, StarBucks, and Reddit. These partnerships have primarily dealt with Polygon being the ideal NFT platform for their respective NFT collections or marketplace. Year to date, the NFT market of Polygon has reached an impressive $305 million in trade value.

Moreover, Bhavish Finance, a newly built prediction market platform has also reached new heights. As per Bhavish’s most recent tweet, the platform has breached 1,100 weekly active users with over $1.287 million predictions made on the platform. According to Bhavish’s own website, the platform is handling over $90-$100 million in predictions and gains an average of $2.5 million to $3.5 million.

Unfortunately, the native token MATIC has not left its current support of $0.7550. This spot has kept MATIC in a very delicate situation even as Polygon itself is setting itself apart from competitors. As of writing, MATIC is up by only 0.1%, showing signs of possible weakness.

Overall, it is clear that Polygon is setting itself up for success in the coming years. With its ever-growing list of partnerships and increasing market value, the possibilities for the Ethereum L2 are endless.

Comments are closed, but trackbacks and pingbacks are open.