Will Polygon’s Gaming Industry Help Stabilize MATIC?

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  • The Immutable zkEVM testnet has gone live, offering new features and capabilities.
  • MATIC’s chart remained red and the stats were bearish.

The past months, Polygon [MATIC] has seen significant developments in its gaming ecosystem. His efforts reflected well in the blockchain’s stats, as it suggested consistent gaming activity.


Read Polygons [MATIC] Price prediction 2023-24


The future of blockchain in gaming has huge growth potential, but the effects on MATIC are yet to be seen.

A deep dive into the Polygon gaming ecosystem

Dune analysis’ facts suggested that the Polygon gaming ecosystem was experiencing steady growth during the press. Several metrics supported this idea, including unique addresses, transactions, and unique addresses in gaming dApps.

The above trend also continued for the number of transactions in gaming dApps.

Source: Dune

DappRadar also revealed that the leeway has contributed a lot to Polygon’s growth. This was evidenced by the fact that of the top five dApps in the Polygon ecosystem, three of them came from the gaming space in the last 24 hours. The game apps were Pandara War, Sunflower Land and Planet IX.

interesting, MATIC also recently announced a partnership that could fuel further growth of the gaming ecosystem in the coming months. Immutable zkEVM-testnet recently went live and added new functionalities.

Users who choose Immutable zkEVM get all the benefits of zkEVMs in addition to Immutable’s vertically integrated gaming-specific features designed to make building web3 games easy.

Sandeep Nailwal, co-founder of Polygon, too tweeted about how this collaboration was important to Polygon 2.0. According to the tweet, these testnets represent a huge step forward for the Polygon 2.0 vision.

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How many 1,10,100 MATICs worth today?


MATIC continues its fight

While the blockchain’s gaming ecosystem thrived, its native token, MATIC, failed to green its chart. From CoinMarketCap, MATIC fell more than 14% in the past seven days. At the time of writing, it was trading at $0.5808 with a market cap of over $5.4 billion.

A look at Polygon’s stats suggested that the downtrend could continue. The exchange reserve of the token increased. An increase in the statistic means that sales are under pressure MATIC stayed high. Active addresses and transfer volume also fell, which looked bearish.



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