{"id":150193,"date":"2021-01-08T21:20:00","date_gmt":"2021-01-08T18:20:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/defi-integration-and-layer-2-tech-back-matic-networks-matic-92-rally\/"},"modified":"2021-01-08T21:20:00","modified_gmt":"2021-01-08T18:20:00","slug":"defi-integration-and-layer-2-tech-back-matic-networks-matic-92-rally","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/defi-integration-and-layer-2-tech-back-matic-networks-matic-92-rally\/","title":{"rendered":"# DeFi integration and layer-2 tech back Matic Network\u2019s (MATIC) 92% rally"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a302d27db146\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a302d27db146\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/defi-integration-and-layer-2-tech-back-matic-networks-matic-92-rally\/#DeFi_and_altcoin_season_appears_to_be_pushing_MATIC_higher\" >DeFi and altcoin season appears to be pushing MATIC higher<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># DeFi integration and layer-2 tech back Matic Network\u2019s (MATIC) 92% rally <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>The exponential growth of the decentralized finance sector increased activity on the Ethereum blockchain, and this has resulted in slow transaction times and incredibly high fees.\u00a0<\/p>\n<p>In the last month, Ether (ETH) price has also rallied more than 100%, and gas fees are on the rise again as demand for ETH and a resurgence in the DeFi sector accelerates. <\/p>\n<p>Matic Network intends to solve the DeFi and decentralized <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications scalability problem by using layer-two <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> for off-chain computing.<\/p>\n<p>Multiple sidechains can be used simultaneously, and each is secured by a group of validators via its proof-of-stake system. The results are then pushed to the Ethereum network, creating checkpoints.<\/p>\n<p>The project aims to become blockchain agnostic, which would allow for interoperable assets in the future. Currently, the Matic Network is ERC-20-based and its MATIC token has a $156 million market capitalization.<\/p>\n<p>Backed by Coinbase Ventures and Binance Launchpad, the project raised $5.6 billion during its initial exchange offering in April 2019. A number of notable projects have already integrated Matic Network\u2019s infrastructure, including Decentraland and Maker.<\/p>\n<p>Since Jan. 1, MATIC has rallied 92%, but the token is still 23% below its Dec. 2019 all-time-high at $0.44.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-01\/dadc2d81-4eac-47bf-b3dd-9797e154a94d.png\"><figcaption style=\"text-align: center;\"><em>MATIC\/USDT 4-hour chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Matic Network initiated deposits and withdrawals on its mainnet on June 20, 2020, and a few days later, it began offering staking capabilities. Tokenholders were then able to delegate their staking to validators and share revenue.<\/p>\n<p>On Sep. 10, 2020, Matic released its proof-of-stake token bridge, allowing faster transfers between the Ethereum and Matic networks. <\/p>\n<p>Since August 2020, Matic\u2019s BEPSwap decentralized exchange has been running on a beta version, and its liquidity has dropped about 25% from it\u2019s $40 million peak.<\/p>\n<p>In September 2020, Matic Network launched its final staking phase by adding community-run validator nodes while increasing slots to 100. The team intends to gradually shut down all Matic Foundation nodes, allowing the community to choose from public validators.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/p>\n<h2><span class=\"ez-toc-section\" id=\"DeFi_and_altcoin_season_appears_to_be_pushing_MATIC_higher\"><\/span>DeFi and altcoin season appears to be pushing MATIC higher<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Over the last few weeks, a handful of projects have chosen to launch on Matic Network, including the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> SkyWeaver, Aavegotchi Crypto Collectibles, the collectible game Drakon IOI and Fire Protocol OS.<\/p>\n<p>Furthermore, on Jan. 6, the MATIC token listed on Huobi Global and offered an $80 premium to new users who onboarded with full Know Your Customer verification.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-01\/7456cb58-ba8c-4edb-a709-195d501a805c.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>Matic <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> user activity vs. price (USD). Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/vision.thetie.io\/\"><em>The Tie<\/em><\/a><\/figcaption><\/figure>\n<p>Data from The Tie shows that the recent price spike has been accompanied by a considerable increase in social network activity, but it\u2019s difficult to determine whether the uptick in Twitter users is the primary driver behind MATIC\u2019s price action. <\/p>\n<p><em>The views and opinions expressed here are solely those of the <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/noshitcoins\"><em>autho<\/em><em>r<\/em><\/a><em> and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.<\/em><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/defi-integration-and-layer-2-tech-back-matic-network-s-matic-92-rally\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# DeFi integration and layer-2 tech back Matic Network\u2019s (MATIC) 92% rally &#8221; The exponential growth of the decentralized finance sector increased activity on the Ethereum blockchain, and this has resulted in slow transaction times and incredibly high fees.\u00a0 In the last month, Ether (ETH) price has also rallied more than 100%, and gas fees&#8230;<\/p>\n","protected":false},"author":1,"featured_media":150194,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2021-01\/8a41e6d6-6879-459e-b24f-c8ea787e7e99.jpeg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74894,74863,74860,74868,75916,74891,73785],"class_list":["post-150193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-blockchain","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-defi","tag-dex","tag-ethereum","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/150193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=150193"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/150193\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/150194"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=150193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=150193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=150193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}