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Polygon (MATIC)

Polygon Takes Flight: 20% Weekly Surge As zkEVM Mainnet Beta Launch Approaches

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As the cryptocurrency market continues to surge, Bitcoin has once again taken the lead, marking an 8-month high and surpassing major resistance at $28k. However, it’s not just Bitcoin that’s on the rise – Polygon (MATIC) is also showing promising growth with others.

In the last seven days, MATIC has seen a 21% increase, making it one of the top-performing cryptocurrencies. According to the data from CoinMarketcap, MATIC is currently trading at $1.24, with a 5% rise in the last 24 hours and a 10% growth in the trading volume in the same time period.

MATIC 1D graph coinmarketcap 3
Source: CoinMarketcap

The MATIC price is currently encountering resistance in the vicinity of $1.25. A significant surge could be initiated if the price manages to break above the $1.30 resistance level. 

On the other hand, if the MATIC price is unable to surpass the $1.25 level, it could experience further downward movement. The $1.10 level represents initial support on the downside.

Polygon (MATIC) Price Driving Factor

The price of MATIC has been surging due to some major announcements from the network. The biggest news is that Polygon will be launching its zkEVM Mainnet Beta on March 27th, which is expected to bring Ethereum into new territories in the world of Web3.

To make the launch even more exciting, the network has announced that it will be joined by Ethereum co-founder Vitalik Buterin, as well as partnering with ETHGlobal. The launch is expected to be a significant step towards solving Ethereum’s scaling issues, which have been causing problems for the network for some time.

Polygon Labs has also made some major announcements. It has revealed that it will be teaming up with other Web3 leaders to change the internet forever with the upcoming launch of Polygon zkEVM.

Among the solution providers that will be joining the launch is Chainstack, the leading suite of services connecting developers with Web3 infrastructure.
Chainstack is to be the Web3 infrastructure Ecosystem Partner of Polygon zkEVM, and developers will soon have ample means of accessing it on the Chainstack platform.

Transak, a platform that enables direct fiat-crypto onboarding, also supports Polygon zkEVM. This move will enable users to seamlessly onboard onto the leading ZK scaling solution for Ethereum.

Luganodes is another launch partner for zkEVM Mainnet Beta. The company is excited to support Polygon zkEVM as it revolutionizes the industry with its groundbreaking technology.

Moreover, Ankr, a platform allowing developers to build web3 apps with a full suite of developer tools, has also announced that it will provide RPC connections to zkEVM shortly after launch.

All of these announcements have generated significant excitement among investors and developers, leading to a surge in the price of MATIC. With the launch of Polygon zkEVM Mainnet Beta just around the corner, the Ethereum community is eagerly anticipating the next step in the evolution of Web3.

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Polygon, Shiba Inu Now Available On Robinhood Wallet: Details

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Polygon [MATIC], Shiba Inu [SHIB], Solana [SOL], etc are among the crypto assets that have been added to Robinhood Wallet for all iOS users globally, the company announced via a blog post.

The crypto exchange revealed that over 1 million users have signed up for the waitlist and it is now available globally via the Apple App store where it has already been downloaded in more than 130 nations.

Robinhood Wallet is a multi-chain, self-custody, Web3 wallet that enables users to hold and trade cryptocurrencies, and connect to a number of decentralized applications [dapps].

Since the time it entered the beta era last September, the crypto wallet has undergone several notable changes based on customer feedback.

image 5
Polygon, Shiba Inu Now Available On Robinhood Wallet: Details 3

In addition to Polygon, Robinhood Wallet now supports Ethereum and more than 50 ERC tokens, such as SHIB, SOL, UNI, USDC, and many others without the need for a waitlist or invitation code.

We’ve added support for NFTs on both Ethereum and Polygon, so users are able to safely view and store their favorite collections. 

According to Johann Kerbrat, general manager of Robinhood Crypto, the response to Robinhood Wallet has been overwhelmingly positive when it initially debuted in beta. The startup wants to make Robinhood the most dependable, affordable, and user-friendly gateway to cryptocurrency.

Besides iOS users, the firm also stated that Android compatibility will arrive later in 2023.

The partnership between Robinhood and Polygon began in August 2022, when the platform implemented support for MATIC deposits and withdrawals on the Polygon proof-of-stake [PoS] chain.

Robinhood’s First Non-Custodial Web3 Wallet Was On Polygon

Then in Sept 2022. the trading platform tapped Polygon over Ethereum for its first non-custodial crypto wallet.

That being said, the leading layer-2 scaling protocol for Ethereum has rolled out its first decentralized ID product powered by ZK proofs.

After nearly a year of announcement, Polygon launched a zero-knowledge decentralized identity solution to the public.

The new ID service utilizes zero-knowledge proofs [ZK proofs] that use cryptographic techniques to allow users to verify their identity online without the help of any third party.

It also claimed that is its first ZK-based digital ID tool that allows users to hold credentials locally on handheld devices such as smartphones, and that users will no longer need passwords

The team further stated that Polygon ID was built to “solve the issue of digital trust.”

Polygon (MATIC) Sees 65% Surge in Trading Volume – Here’s Why

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Over the past few days, the Polygon (MATIC) price has been displaying positive signals, indicating a bullish trend. The altcoin was able to surpass its previous price resistance level, showcasing its growth potential. 

In the last 24 hours, MATIC experienced a surge of 13% in its weekly chart, and the trading volume has also increased by 65%, according to the data from CoinMarketcap.

Like other altcoins, MATIC witnessed a consistent drop in price over the past week. However, starting on February 15, the cryptocurrency market began to show signs of recovery, leading MATIC to follow suit. 

Currently, the coin has experienced a price increase of 6.1%, trading at $1.47, displaying a stable movement since breaking past the $1.30 resistance level. 

MATIC 1D graph coinmarketcap 2
Source: CoinMarketcap

The next immediate hurdle for the altcoin is at $1.44, and once surpassed, it can potentially reach $1.46 before a retracement takes place.

In case of a price correction during subsequent trading sessions, local support for MATIC stands at $1.38, followed by $1.30. However, a fall below the $1.30 level could result in the cryptocurrency dropping further downside rides.

Polygon (MATIC) Price Driving Factor

The recent surge in the price of MATIC can be attributed to the announcement of the beta version of its zero-knowledge Ethereum Virtual Machine (zkEVM), which is set to launch at the end of March, according to a report.

This move positions Polygon to gain an advantage over competing technologies, such as zkSync and Scroll, by being the first to launch a public mainnet. 

Zk-based roll-up technology is widely recognized as the most effective scaling solution, particularly in comparison to less secure optimistic-based roll-ups like Arbitrum and Optimism, which are “fraud-proof.” 

A malicious transaction on an Optimistic Roll-up can remain valid for up to seven days or more before being reversed, giving zk-technology a competitive edge. 

The upcoming Shanghai upgrade in March is likely to shift the Ethereum community’s focus on Liquid Staking Derivatives to layer-2 networks, with Ethereum Improvement Proposal 4844 reducing the cost of L2 roll-ups by 10-100-fold. 

As a result, a working zk-based roll-up solution is likely to attract new projects to the Polygon ecosystem, as per the report.

Although the growth in Polygon’s decentralized finance (DeFi) ecosystem has slowed down, the upcoming launch of the zkEVM has created a bullish narrative in the market, and the team’s efforts in the Web3 space show promising signs of increased activity.

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Polygon (MATIC) Surges On The Launch Of Virtasy Bollywood NFT Marketplace

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The digital currency world is witnessing widespread growth, and Polygon (MATIC) is contributing to this trend with its bullish price action. The token reached a daily peak of $1.34 and recorded a substantial increase in 24-hour trading volume, standing at around 80%.

Polygon
Source: CoinMarketcap

MATIC has taken nearly ten months to reach this level, with its last peak being in April 2022. The token has been gradually rebounding since mid-January and has seen a growth of 56.5% in the past 30 days.

Data from CoinMarketcap shows that MATIC is currently trading at $1.33, with a 4% hike in the last 24 hours and a 10% surge over the previous seven days. If the crypto market sustains its current upward momentum, MATIC and other altcoins could reclaim lost ground.

MATIC 1D graph coinmarketcap 1
Source: CoinMarketcap

An upward break above the $1.40 resistance level could trigger another powerful surge in MATIC’s price. In this case, the price could move steadily towards the $1.42 or even $1.50 level.

However, a downward correction may occur if MATIC fails to overcome the $1.34 resistance level. The immediate support in this scenario lies near the $1.25 level.

Virtasy Launches NFT Marketplace On Polygon

ShemarooEntertainment has announced the launch of Virtasy, a marketplace for officially-licensed Bollywood NFTs, on the Polygon network. This exciting new platform offers fans the chance to own 3D avatars, images, and clips of their favorite Bollywood movies through the power of blockchain technology.

According to a tweet from Polygon, the Virtasy launch will be for “Early Access” to the public, with rewards and community engagement opportunities for collectors. It is a major move for Shemaroo, which has committed to the NFT space and is emerging as a driving force for innovation in the entertainment industry.

In partnership with Seracle, a Web3 full-stack infrastructure company, Virtasy offers a cost-effective, fast, and secure platform for Bollywood fans to connect with their favorite IPs.

The NFT marketplace provides a unique opportunity for fans to bring the magic of Bollywood to the metaverse and make it a part of their digital lives.

Moreover, According to NFTgators, the Polygon network has been experiencing a surge in NFT trading activity on OpenSea. With a daily trading volume of $11.4 million, Polygon saw over half of Ethereum’s daily volume, which stood at $19.6 million.

It marks a new high point in the ratio between Polygon’s daily volume on OpenSea and Ethereum’s daily volume, now standing at 0.58. It indicates that Polygon has seen more NFT trading activity than Ethereum on OpenSea in the past three months.

image 38

The increase in activity on Polygon can also be attributed to the recent partnership between Reddit and the NFL to mint Polygon-based Super Bowl Collectible Avatars. Over 1 million avatars were minted in just four days, breaking a new all-time high in daily Reddit Collectible Avatar mints.

This spike in NFT trading activity is a testament to the growing popularity of Polygon and its ability to handle high volumes of NFT transactions. 

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MATIC Rises With 100% Boost In Trading Volume As Polygon NFT Transactions Outshine Ethereum

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In January 2023, Polygon NFT transactions on OpenSea surpassed Ethereum NFT transactions for the second consecutive month, as per a report by NFT Gators on February 1st.

Despite a decrease in the average transaction fee, the NFT lending market saw record growth in monthly loan volume, the number of loans, and the number of participating lenders and borrowers.

The Rise of Polygon in the NFT Market

January saw the highest monthly count of Polygon NFT traders ever recorded, at 224,719. The Polygon PoS blockchain also experienced a daily average of 3,022,920 transactions during the month. On average, Polygon NFT traders traded 7 NFTs, surpassing the average number of trades made by Ethereum NFT traders. However, their spending was limited to just $69.

image 6

Meanwhile, Ethereum NFTs on OpenSea recorded a trading volume of $444 million, attracting 319,641 traders who sold 1,132,681 NFTs. The average Ethereum NFT trader traded $1390 and 3.54 NFTs on average.

Additionally, in January, the NFT lending market saw a remarkable surge, with a total of 17.9K ETH, valued at around $28 million, borrowed through 4,399 loans. This resulted in record highs in the number of both borrowers and lenders, with 616 borrowers and 291 lenders, creating a ratio of 2.12 borrowers per lender.

However, the report also revealed that BendDAO emerged as the largest NFT lending protocol in January, with over $36 million borrowed, followed by NFTfi with $25 million, X2Y2 with $12 million, and Arcade with $7.8 million. 

The increase in loans resulted in a decrease in interest per loan, with lenders now paying $90 per loan. Wash trading among Ethereum NFTs in January was less than 0.6% of the total trade count.

The Rise of Polygon (MATIC) Price

The MATIC price has made a significant jump on its daily chart, rising nearly 12% after overcoming its immediate resistance at $1.20. Over the last week, the altcoin has seen impressive gains, soaring by nearly 22.31%.

MATICUSDT 2023 02 02 01 14 29
Source: Tradingview

CoinMarketcap’s data shows that MATIC is at a pivotal moment, with a potential for a significant boost in value if it can break through the next resistance level. 

The technical outlook remains favorable for the bulls, with MATIC currently trading at $1.22. The 24-hour trading volume has also seen a surge, jumping by 115%. 

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Polygon Network Takes Second Place In Daily Active Users, Surpasses Ethereum

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According to data from Token Terminal, the Polygon network has seen a significant surge in daily active users (DAU), reaching a total of 344,000. It surpasses Ethereum’s DAU of 324,000, making Polygon the second-largest blockchain in terms of daily active users.

The Binance Smart Chain (BNB) still holds the top spot with 781,000 DAU. However, the gap between Binance and Polygon has narrowed, indicating that more and more users are turning to the Polygon network for their blockchain needs.

image 97
Source: token terminal.

This rapid growth can be attributed to the network’s ability to handle high throughput and low latency, making it a popular choice for decentralized finance (DeFi) and gaming projects. In addition, the network’s low transaction fees have also attracted a large number of users.

Many experts believe that Polygon’s success is just the beginning and that the network will continue to grow in the future as more and more projects migrate to its infrastructure. Polygon could even surpass BNB in the near future, becoming the leading blockchain in terms of daily active users.

However, the rise of Polygon is a clear indication that the blockchain industry is evolving and that more and more users are looking for alternatives to the traditional Ethereum network. It will be interesting to see how the competition between these two networks develops in the coming months.

Polygon (MATIC) Price Rise

The data from Token Terminal shows that the network recorded a 33% increase in daily active users in the last 180 days. This growth in usage has also been reflected in the price of its native token, MATIC, which has seen a recovery of 43.3% in the last 30 days. As of now, MATIC was trading at $1.12, with a 5% increase in the past 24 hours and 11.18% in the last seven days.

MATICUSDT 2023 01 28 04 01 28
Source: Tradingview

This growth in the Polygon (MATIC) price can be attributed to the recent success of the Gains Network, a derivatives trading platform built on the Polygon blockchain. 

According to January 27th report, Gains Network has reportedly generated over $1.5 billion in trading volume on the Arbitrum blockchain just one month after its deployment. The platform enables users to trade derivatives of assets like tokens, stocks, and indices, using smart contracts to match trades.

The success of the Gains Network has contributed to the recent rising transactional activity on the Polygon network and highlights the increasing demand for decentralized trading platforms. 

The ability to trade financial derivatives on the blockchain opens up new possibilities for the decentralized finance (DeFi) space and furthers the mainstream adoption of blockchain technology.

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Polygon (MATIC) Bull Run as Final Testnet for Zero-Knowledge Rollups Approaches

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Polygon, the Ethereum layer-2 scaling solution, is currently conducting performance evaluations of its zero-knowledge roll-up technology prior to its official integration with the mainnet, as per a recent report.

In October 2022, Polygon announced the launch of its zero knowledge-EVM public testnet, a scaling tool designed to facilitate lower-cost transactions on the Ethereum blockchain. 

The company hopes that the introduction of zero-knowledge (ZK) roll-up technology will make Polygon the leading scalable system for Ethereum. It had previously announced plans to launch the zkEVM public testnet over the summer at ETHCC in Paris, with a mainnet launch planned for early 2023. 

The new technology deploys the Ethereum Virtual Machine (EVM) for its ZK roll-up, allowing developers to use their existing smart contracts from Ethereum without additional programming.

According to the latest report:

The team has confirmed that zero-knowledge proofs can be implemented on Ethereum by successfully generating over 12,000 zk-proofs in a primary version of the zkEVM testnet. 

This development is poised to have a major impact on the Ethereum ecosystem, as it allows for greater privacy and security for transactions on the network.

David Schwartz, the leader of Polygon zkEVM and PolygonID, provided insight into the progress of the technology in correspondence. He stated that Layer-2 platforms have become more advanced and enhanced the features of Ethereum, significantly contributing to its scalability.

He emphasized that by utilizing zero-knowledge technology in roll-ups on layer-2 platforms, transaction finality can be reached more rapidly while maintaining the security of the validated transactions through the use of zero-knowledge methods.

Additionally, Schwartz said Polygon zkEVM has a zkProver that passes all Ethereum tests at 99% and is the first complete EVM-equivalent source code available. He called completing validity proofs for transactions the most challenging and satisfying aspect of developing the native zkEVM.

Polygon (MATIC) Price Rise

Polygon (MATIC) experiences a significant price increase, breaking through key resistance levels and reaching $0.98, with notable gains seen in both daily and weekly charts following recent news.

MATIC 1D graph coinmarketcap
Source: CoinMarketcap

According to CoinMarketCap, MATIC is currently trading at $0.9935 with a 10% increase in the daily chart and a 23.32% increase in the weekly chart. The trading volume of the token has also risen by 75.95%.

MATIC has established a key long-term support level at $0.77. As long as the price remains above this level, the trend is considered bullish.

A hard fork for Polygon is scheduled for January 17th, which aims to improve the user and developer experience. This could result in a potential increase in the price of MATIC, with the possibility of reaching the significant resistance level of $2.00 if the upward trend continues.

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OpenSea Seaport’s Ethereum Transactions Exceed 7 Million

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OpenSea Seaport has recorded more than 10 million transactions. The Ethereum blockchain was used for 7,986,237 of these transactions, while the Polygon network was used for the remaining 2,040,676, as reported by WU Blockchain on January 1st.

Additionally, the total volume of transactions processed through Seaport has surpassed $3.5 billion, with $3,467,892,762 worth of transactions conducted on the Ethereum blockchain and $43 million worth of transactions conducted on the Polygon network.

According to OpenSea Seaport, the top projects on Ethereum by total sales are Cypherpunk Zero, with a volume of $999,763,208 and 2,091 transactions, and Bored Ape Yacht Club, with a volume of $103,498,784 and 882 transactions. Moreover, Otherdeed for Otherside, with a volume of $78,024,081, and MutantApeYachtClub, with a volume of $69,933,796.

image
Source: Dune

OpenSea Seaport has seen significant growth in the number of unique users on the Ethereum network over time. In July 2022, there were 28,000 unique users, and by the end of the year, this number had increased to 1,125,320. According to the data, there are 1,127,172 unique users as of the current date.

image 1
Source: Dune

On the Polygon network, OpenSea Seaport has 252,600 unique users. In addition, it has processed $1,790,805 in volume and 131,561 transactions on the Polygon network in the past week.

The daily volume of tokens processed on the Polygon network includes WETH at $39,754,006, MATIC at $2,679,549, USDC at $1,498,389, and others.

image 2
Source: Dune

Ethereum (ETH) & Polygon’s Price Review

According to CoinGecko data, as of earlier today, the price of Ethereum (ETH) returns to its Key level and currently trading at $1,202.58 with a sliding increase in both daily and weekly charts.

ETHUSDT 2023 01 01 22 11 21
Source: Tradingview

While its trading volume is down by 13%, with a $2.5 billion 24-hour trading volume. If Ethereum experiences a positive reversal, it could potentially reach a resistance level of $1,220. However, if it falls below an upward trend line, it may continue a downward trend to reach support levels of $1,150 and $1,100.

Whereas Polygon (MATIC) is trading at $0.757935 with a 1% increase but a 4.6% decrease in the weekly chart. Its trading volume is also down by 6% in 24 hours. However, in order to prevent a downward trend, the bulls need to raise the price above the moving averages.

MATICUSDT 2023 01 01 22 09 53
Source: Tradingview

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Weekly Market Update: Bitcoin & ETH Fizzle While Polygon (MATIC) Leads the Way

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Popular currencies such as Bitcoin (BTC) and Ethereum (ETH) had an unfavorable past week, but some altcoins show potential. Polygon (MATIC), which is ranked eleventh by market capitalization at the moment, took the lead position this week, with Litecoin (LTC) ranking second place as a weekly gainer.

According to the statistics from CoinMarketcap, Polygon (MATIC) rose approximately 30.12% in the last seven days, whereas Litecoin (LTC), the 19th-ranked coin by market cap, increased about 27.10% in the same time period.

Over the previous few days, MATIC has been showing signs of bullishness. The token’s value quickly grew, surpassing the $1 mark on November 4th and continuing to trade above it. 

It overcame its next resistance level at the conclusion of the previous week and set a new weekly high of $1.28 on November 5th, after 24 weeks, when this high was last reported (around six months before.)But unfortunately, it couldn’t hold it and fell again below the $1.20 mark.

MATICUSDT 2022 11 07 04 12 29
Source: Tradingview

Per CoinMarketcap’s data, MATIC is currently trading at $1.19, barely near the next resistance level of $1.20. Its price gain is about 5.10% in the last 24 hours. 

Additionally, in only 24 hours, its market value went up by 4.3% to 10.73 billion, and its 24-hour trading volume significantly increased by around 53.53% to 2.41 billion. If the upward trend for the coin continues, it may hit substantial gains.

Litecoin(LTC): The Second Weekly Gainer

The price of LTC spiked as trading activity for the coin increased in reaction to last week’s announcement that MoneyGram will start accepting Litecoin from its users on Wednesday. LTC increased by more than 10% to a little over $61 within an hour of the news being made public.

The price, which had previously been stuck between $50 and $60, has suddenly started to rise. On November 5th, it surpassed its crucial resistance level of $70, reaching a day high of $71 but ending the day at $69.

LTC 1D graph coinmarketcap
Source: CoinMarketCap

LTC is now trading at $70.77, which was last seen in May, around six months ago. According to the data, its price gain was about 2.22% in the last 24 hours, with a 2.31% rise in its market cap.

For Litecoin (LTC), this is the most critical resistance level because if it crosses it, a major rally will occur toward the $120 range. In order to accomplish this goal, Litecoin needs to break up and through this level before consolidating for some time.

Bitcoin & Ethereum Price Analysis

Overall, cryptocurrencies had a dump at the beginning of the previous week and began to decline. The top two cryptocurrencies, Bitcoin and Ethereum, have been trading in the red the whole week. 

BTC 7D graph coinmarketcap
Source: CoinMarketCap

Both coins flipped green on Friday and saw 24-hour gains of around 3% and 6.3%, respectively. On that day, the significant resistance levels for both of them are broken; Bitcoin reaches the $21,000 mark, while ETH crosses the $1600 mark. 

ETH 7D graph coinmarketcap
Source: CoinMarketCap

Nevertheless, as per CoinMarketcap, today’s steep decline by 2.36% in the price of Bitcoin caused it to go below a crucial support level of $21,000. Similarly, Ethereum also dropped more than 3.09% to $1,566 to finish a 61.8% Fibonacci correction.

ETHUSD 2022 11 07 04 08 07
Source: Tradingview

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Polygon (MATIC) Shoots to New Heights, Gains Over 20% in 24 Hours

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Polygon (MATIC), the 11th-ranked cryptocurrency by market cap, has been exhibiting a bullish trend over the last 24 hours, achieving new highs since August with an astonishing gain of over 24%.

According to the statistics from CoinMarketcap, the token increased in value rapidly today and broke through its $1 threshold, which it had been at since August this year. Additionally, the token has demonstrated a considerable growth of about 27.88% in the past seven days.

MATICUSDT 2022 11 04 06 32 00
Source: Tradingview

The previous two days have seen MATIC steadily increase in value as the latest positive news comes out of Instagram and banking giant JPMorgan.

This ongoing pattern advanced following Santiment’s announcement that MATIC has recorded the highest number of transactions for whales above $100,000 since February.

In addition, the company’s analytics team speculates that the fact that whales’ MATIC holdings increased to over 10 million in the middle of October may have “foreshadowed” the peak in transaction volume.

However, on November 2nd, the parent company of Instagram, Meta, selected Polygon to launch its latest non-fungible token (NFT) tools, allowing users to create and trade digital collectibles “both on and off Instagram.”

Meanwhile, one of the world’s largest banks- JP Morgan- employed Polygon to conduct its first live transaction worth about $71,000. It was an important milestone for cryptocurrency integration into traditional financial frameworks.

Polygon (MATIC) Upside Ride

MATIC tokens started gaining momentum in early February when they rose to new price levels. They spiked by 602% after four weeks, going up from $0.35 to a record high of $2.45 during that time period. In May, they dropped to $1.09 before rebounding to $2.21 at the end of the month.

The coin price suffered after reaching its peak in May and experienced a wild journey. When it was announced that the top Ethereum app, Uniswap, has released on Polygon, it then reached a new record high of $2.92 on December 27th, 2021.

MATICUSDT 2022 11 04 06 34 53
Source: Tradingview

Since then, as seen in the graph above, the token’s price has fallen more than 61.0% from its all-time high, falling to $1.3802 in March 2022 amid the global crypto market crises.

Nevertheless, announcing a partnership with Polygon for its new Web3 wallet and enabling users to send and receive MATIC on its brokerage, Robinhood, helped the token again gain momentum in October.

Coinmarketcap’s data indicates that the token steadily rose in price throughout October, and as the new month of November starts, it becomes bullish following the aforementioned exciting news.

Furthermore, as per Nomics data, the market capitalization of MATIC has grown by about 24% during the past 24 hours, and the volume of trade during that time has also significantly increased by approximately 67%.

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