Binance-Owned WazirX Announces DeFi Project With Matic
The exchange has opted for Matic instead of Ethereum’s network, which is currently dominating the DeFi space because of "high gas costs."
The Ethereum scaling project says its #DeFiforAll Fund aims to onboard "the next million users" to decentralized finance.
Polygon's co-founder and COO says he works 18-19 hours a day, helping to build a project that will grow alongside Ethereum.
"The ongoing capital rotation into all things Polygon is showing no signs of abating," one research analyst said.
Polygon's MATIC token has charted a 35-fold rally this year.
Polygon has seen a 10x rise in the number of transactions since the start of the year.