Polygon has recorded a spike in transaction volume, hitting over $40 million in its network. Data analytics platform Santiment noted that this is MATIC’s biggest 8-figure move in 2023.
However, in the price movement, MATIC is still down by over 10% in the past seven days. The 9-ranked asset is currently trading at $1.1 with a slight dip in the last 24 hours.
Notwithstanding this, the rise in transaction volume is supported by the positive attitudes of investors, who are solidly on the purchase side as development activity reaches new highs.
The Layer-2 Ethereum scaling solution has attracted a lot of high-profile brands to its ecosystem, especially in the Web3 gaming and NFT domain.
As reported by TronWeekly, Korea’s largest game developer, Nexon has announced that its famed Web3 game MapleStory Universe would be deployed in Polygon and to support the new game, it would be opening a private Supernet on Polygon.
The launch would expose the blockchain to the game’s over 180 million registered users
Ryan Wyatt, President of the Polygon labs acknowledged that South Korea is “a critical market,” for Web3 gaming.
Wyatt also tweeted, that with this, Nexon joined other AAA developers like Square Enix in choosing to build on Polygon.
Earlier, Square Enix, the Tokyo-based video game behemoth known for popular series like Final Fantasy and Kingdom Hearts, said that it will be collaborating with the team Polygon to introduce a gamified art-collecting experience.
Another noteworthy brand to mention is Starbucks, which just partnered with Polygon for a Web3 push, along with Meta, whose NFT is already trending on Instagram.
Polygon’s Recent Alliances With Top Brands
Other popular brands building on Polygon are Reddit, whose NFT avatars have amassed more than 3 million users, and Nike’s future digital apparel platform.
Furthermore, Immutable, a Web3 game entity, recently tapped the layer-2 blockchain as well. The two entities declared their new strategic partnership at the Game Developer conference this week.
Both sides anticipate that it would boost innovation and adoption in the emerging crypto-gaming industry.
Most recently, a well-known market leader in customer relationship management, software entity Salesforce has forged alliances with the layer 2 blockchain platform for an NFT-based loyalty program.