Polygon (MATIC) gained an impressive 83% in 30 days | Can its growth continue?

After hitting lows of $0.316 in June, Polygon has gained over 83% in July following its selection as the Walt Disney Company’s accelerator program and announcement of plans to implement a zero-knowledge Ethereum Virtual Machine (zkEVM). Following the July surge and the firm’s announcement of positive Q2 results, many worry that the gains will be short-lived as Polygon’s traction in the scaling solutions market is declining.

  • Despite hitting lows of $0.316 in June, Polygon has gained over 83% in July
  • Polygon has been selected as the Walt Disney Company’s accelerator program
  • Plans to implement a zero-knowledge Ethereum Virtual Machine (zkEVM)
  • Firm announced positive Q2 results but scaling solutions market traction declines

As the global crypto market fell in June due to macro factors combined with increased fear, uncertainty, and doubt, one project that has continued to show signs of mainstream adoption is Polygon (MATIC). Polygon is a layer-2 scaling solution for the Ethereum (ETH) network aiming to build a sustainable Web3 infrastructure on the most prominent …

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