Every week, there are updates in the Polygon ecosystem. Accordingly, Altcoin Buzz covers some updates from the second week in June to keep readers informed.
In this week’s updates, Circle commenced support for USDC in Polygon. In addition, we take a look at the top low market cap projects in the Polygon ecosystem. Let’s discover the rest of Polygon news in the second week of June.
1 – USDC is Now on Polygon via CirclePay
During the week, Polygon revealed that CirclePay now supports USDC. Therefore, it makes it possible for CirclePay users to withdraw and deposit USDC via Polygon’s blockchain. As well as, the Circle APIs without the use of any manual bridge.
USDC is now available #onPolygon via @CirclePay Account.
Businesses will now accept payments 24/7, program global payouts, & manage accounts efficiently.
Read more 👇https://t.co/rtKWH0aRLs
— Polygon – MATIC 💚 (@0xPolygon) June 7, 2022
2 – Price Performance of Polygon Projects
In addition, CoinGecko revealed the price performance of projects (top gainers) in the Polygon ecosystem. The report also covers a 24-hour time frame on the 9th of June:
- Frax Finance ($FXS), a fractional-algorithmic stablecoin has the best price performance. It recorded a 23.4% rate of increase within the 24-hour time frame.
- Automata Network ($ATA), an off-chain private solution is in second place. It also had a 20.2% rate of increase in price-performance within the 24-hour time frame.
- Balancer Labs ($BAL), a non-custodial portfolio manager, liquidity provider, and price sensor is third. It has an 8.2% rate of increase in price-performance within the 24-hour time frame.
- Vulcan Forged ($PYR), a premium blockchain game studio and cross-chain NFT marketplace is in fourth place. It has a 6.2% rate of increase in price-performance within the specified frame.
- Cartesi ($CTSI), a layer-2 solution, is in fifth place. It has a 5.2% rate of increase in price-performance within the specified frame.
Top Gainers in @0xPolygon Ecosystem Last 24H 🚀🚀$FXS @fraxfinance $ATA @automatanetwork $BAL @BalancerLabs $PYR @VulcanForged $CTSI @cartesiproject $MASK @realMaskNetwork $TRB @WeAreTellor $SNX @synthetix_io $OCEAN @oceanprotocol $GLM @golemproject #Polygon $MATIC pic.twitter.com/MNtIJchkjA
— Polygon Daily (@PolygonDaily) June 9, 2022
3 – Top Low Market Cap Projects on Polygon
During the week, CoinMarketCap also reported the top low market-cap projects based on their price performance. Notably, these projects have a market capitalization of $100 million or below. The report also covers a seven-day timeframe:
- Endless Battlefield ($EB), a military strategy and exploration sandbox Metaverse with a market cap of $401k has the best price performance. It also had a 46% rate of increase within a seven-day timeframe.
- Router Protocol ($ROUTE), an efficient cross-chain messaging system with a market cap of $20.2 million, has the second-best price performance. It also had a 41% rate of increase in within a seven-day timeframe.
- GraphLinq Protocol ($GLQ), a system that builds & automates Web3 dApps without code with a market cap of $1.1 million, is in third place. It has a 10% rate of increase within the seven-day timeframe.
- MahaDAO ($MAHA), a decentralized autonomous organization governed by the MAHA community with a market cap of $4.7 million, is in fourth. It also has a 9% rate of increase within the seven-day timeframe.
Top Gainer with MarketCap under $100M Last 7 Days$EB @EBMetaverse$ROUTE @routerprotocol$GLQ @graphlinq_proto$MAHA @TheMahaDAO$SX @sportxsports$NORD @Nord_Finance$STND @standardweb3$DXD @Dxdao_
$SWINGBY @SwingbyProtocol$ARK @ArkEcosystem#POLYGON #MATIC $MATIC pic.twitter.com/m4BhCnFt28— Polygon Daily (@PolygonDaily) June 7, 2022
$MATIC Price Outlook
As of the time of publication, Polygon’s price was $0.6083 with a 24-hour trading volume of $419.8 million. MATIC price also went down by 2.1% over the last 24 hours. Besides, it has a circulating supply of 6.9 Billion MATIC coins and a total supply of 10 Billion.
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