Polygon (MATIC) and Solana (SOL) Riding High on Bullish Momentum!

Although the overall crypto market has been flat, MATIC has lately risen in value. In the past 24 hours, MATIC has risen 15% to $2.20. With this move, MATIC has increased its weekly gains to almost 20%. Several reasons have contributed to the recent price increase in Polygon (MATIC).

Wednesday, December 1, 2018, 21Shares, a cryptocurrency exchange-traded product (ETP) provider, introduced a Polygon ETP on Euronext exchanges in Paris and Amsterdam.

Strategic Alliance

The ETP will follow MATIC, Polygon’s native cryptocurrency. 21Shares currently has 20 crypto ETPs. It also unveiled a crypto ETP tracking Ethereum-killer Solana earlier this year. Furthermore, Polygon has teamed with UK-based infrastructure provider Copper to create its Polygon (MATIC) ETP.

IDEX, located in San Francisco, will debut a v3 Hybrid Liquidity DEX on Polygon. This hybrid architecture combines standard order book functions with AMM liquidity pools. According to CoinMarketCap, the Polygon price today is $2.07 USD with a 24-hour trading volume of $3,717,310,500 USD. Polygon has been up 7.48% in the last 24 hours.

Typical investment features like stop losses, limit orders, and real-time execution will be introduced. It will also increase liquidity providers’ financial rewards. However, Solana (SOL) has been in a tight race with MATIC. On Wednesday, a new play-to-earn fantasy game released on Solana generated a stir in the crypto world, questioning the present fundraising mechanism in DeFi.

SolChicks garnered a lot of attention for having 113 different VC firms behind it. Moreover, the project’s official website contains some recognized names, such as Gate.io, but the bulk are unknown small-cap DeFi funds. According to CoinMarketCap, the Solana price today is $226.60 USD with a 24-hour trading volume of $3,841,525,752 USD. Solana has been up 1.68% in the last 24 hours.