1WM users are actively using the MATIC token of the Polygon ecosystem to profit from investments in cryptocurrencies. Today, interest in the coin has increased and this is what we can say about the latest news about the blockchain.
The supply of MATIC on exchanges has increased recently due to high trading activities indicating sell pressure. Despite over 20 million Polygon [MATIC] tokens being added to exchanges in the last seven days, addresses holding between 10,000 to 100,000 MATIC have refrained from transacting.
On-chain data indicates that there has been a decline in large volume transactions by such addresses. This could be interpreted as a long-term accumulation strategy. However, exchange inflow currently exceeds outflow.
What do we know about the Polygon network and its MATIC token
Polygon (MATIC) is a layer-2 scaling solution for Ethereum that aims to provide faster and cheaper transactions on the Ethereum network. It was launched in 2017 as the Matic Network, and rebranded to Polygon in February 2021.
Polygon is designed to make it easier for developers to build decentralized applications (dApps) on Ethereum by providing faster and cheaper transactions, as well as a more user-friendly experience.
Polygon (MATIC) exchange is available to 1WM users
Our service makes it possible to exchange the MATIC token at a favorable rate and withdraw funds in Kazakhstani tenge.
Except for Visa/MasterCard cards, withdrawal is possible to the accounts of the largest banks in Kazakhstan. We are sure that you will find a payment method that is comfortable for you at 1WM.