More achievements for Polygon (Matic).
The price of Polygon token (MATIC) increased by 7% and updated its all-time high above $2.70 as Uniswap v3 is deployed on Polygon along with an opera announcement to integrate Polygon in its browser.
1/ We're excited to announce v3 has been deployed on @0xPolygon! ?
As a leading scaling solution, Polygon offers low gas fees and fast transactions, with over 3000 applications hosted and 1B transactions processed! ? pic.twitter.com/bzRRkqDJuk
— Uniswap Labs ? (@Uniswap) December 22, 2021
At the time of writing, MATIC is trading near $2.64, the asset has increased by 24% over the past week. The token’s market cap has exceeded $18 billion, according to CoinGecko.
After the integration, the price of the native Uniswap token (UNI) has also increased significantly in value. UNI has advanced by 10% at the time of writing and is trading near $16.80.
The rise in Ethereum network fees has effectively ousted the majority of users. With this initiative, Uniswap as the flagship decentralized exchange on Ethereum is returning to its original vision and once again offering low fees and open access for everyone.
Uniswap is the largest decentralized exchange in terms of the trading volume. According to DeFi Llama, its smart contracts have already been deployed across two tiers Arbitrum and Optimism. In the first, the volume of locked funds (TVL) reached $62 million, in the second TVL crossed $37 million. TVL Uniswap at Polygon has already reached $6.10 million. Over the past 24 hours, the trading volume in this network has exceeded $2.22 million.
Opera Integration:
Opera announced integration with Polygon. Opera users will have access to decentralized applications deployed on the Polygon network.
Another day, another major announcement for @0xPolygon. ??
We are welcoming @opera and its 380 MILLION monthly active users to the family!
Opera's users will get direct access to cheap and fast transactions and 3k+ apps currently active on Polygon. ?https://t.co/AQq25xyp1w
— Mihailo Bjelic (@MihailoBjelic) December 22, 2021
Opera, the world’s top web3 browser, today announces its upcoming browser integration with Polygon. The integration is due in the first quarter of 2022 and will allow millions of Opera users in the browser to access more than 3,000 decentralized applications (dapps) on the Polygon network. Opera’s built-in crypto wallet will also allow them to transact with MATIC. Opera currently has 380 million monthly active users.
Polygon is also bringing an upgrade to its network with a testnet release known as the Mumbai test network, similar to the EIP-1559 update on the Ethereum network that will introduce the burning of Matic and better fee visibility.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
