Polygon has been stuck in its current sideways movement since the later half of 2022. Since then, the ecosystem’s native token MATIC has not left its current support of $0.7550. This spot has left MATIC in a very delicate situation even as Polygon itself is setting itself apart from competitors.
Polygon Going Strong
The ecosystem has ended 2022 on a beautiful note, though. Although the year’s bear market clawed through MATIC’s gains, the ecosystem is thriving with partnerships.
As of writing, the Ethereum L2 has over 20 partnerships with major brands like Nike, StarBucks, and Reddit. They mostly dealt with being the ideal NFT platform for their respective NFT collections or marketplace. Year to date, the NFT market of Polygon reached $305 million in trade value.
This isn’t the only bullish development on the platform.
Bhavish Finance, a newly built prediction market platform, has reached new highs. According to the most recent tweet of Bhavish regarding its key metrics, t
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