DeFi integration and layer-2 tech back Matic Network’s (MATIC) 92% rally
MATIC price has rallied by 92% since multiple decentralized applications opted to use the network’s layer-two solution and traders have looked to DeFi tokens for big returns. 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. 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. Matic Network intends to solve the DeFi and decentralized....
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Five price feeds will be directly published on Matic mainnet. Matic Network, a smart-contract platform acting as both a layer one and layer two for Ethereum, announced on Thursday the full launch of five Chainlink price feeds that are set to power its ecosystem.Though there are many promised or existing Chainlink integrations outside of Ethereum, the majority of them are still in development or are indirectly using Ethereum feeds. Matic now features five price feeds: MATIC/USD, USDC/USD, ETH/USD, USDT/USD and DAI/USD, promising that more will come later.Chainlink’s Verifiable Randomness....
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Soaring Etheruem gas costs are driving investors and protocols to take a closer look at layer-2 solutions like Matic, Loopring and xDai. The start of a new month has brought renewed fervor from the cryptocurrency market as Bitcoin (BTC) price steadily climbed from a low of $43,537 on Feb. 28 to a high of $49,200 during today's early trading hours. As traders get excited about positive moves in the market and look to re-enter positions, the increasing use of DeFi continues to drive fees on the Ethereum (ETH) network higher, shining the spotlight on the top layer-2 (L2) protocols that offer....