MATIC has returned among the top 10 purchased tokens in the last 24 hours
According to IntoTheBlock data, large MATIC transactions have increased by almost 105% in the last 24 hours. The price of MATIC, the native asset of the Polygon blockchain, is continuing its latest attempt at a rebound after hitting a low of $1.37 on March 8. At press time, MATIC is trading at $1.46, up 3.50% in the past 24 hours according to data from CoinMarketCap.
Large transactions are those in which the amount transferred exceeds $100,000, according to IntoTheBlock. The on-chain volume of these transactions gives an idea of the amount whales and institutional players transact on a given day.
According to WhalesStats data, MATIC returned to the top 10 tokens purchased in the past 24 hours. FTT is currently the largest owned among Whales, while Uniswap is the most widely owned.
In five large transactions reported by WhaleStats in recent hours, Ethereum whales have bought nearly 5.98 million MATIC tokens, or $8.73 million worth, at the current exchange rate. The largest among the transactions of 1,599,999 MATIC, or $2,335,999 worth, appeared on the blockchain about seven hours ago.
Polygon Takes Another Adoption Milestone As Nasdaq-Listed Company Joins The Network: Details
DraftKings, a digital sports gaming and entertainment company, has joined the Polygon ecosystem as a validator and node operator, marking the first time a major publicly traded company has taken an active part in blockchain governance. as stated in an official statement. blog post.
Polygon validators are in charge of checking the authenticity and validity of transactions on the network and can earn rewards through the Proof-of-Stake method. Polygon’s native MATIC coins are pledged as collateral by all validators for the right to run nodes, a critical component of blockchain infrastructure.
Polygon says the decision of DraftKings, a NASDAQ-listed company, to join the network is an important step in blockchain adoption.
