![Polygon [MATIC] Skyrockets By ~160%; But Data Might be Exaggerated](https://crypto-economy.com//wp-content/uploads/2021/05/1_rCmX30IrHpqteFNB9ekDJw-scaled-e1621361256277.jpg)
Polygon [MATIC] Skyrockets By ~160%; But Data Might be Exaggerated
Polygon [MATIC] has defied the overall market movement and flashed green like no other cryptocurrency on the leaderboard. It surged all the way to the 15th
Polygon is a blockchain that aims to enable the development of Smart Contracts and Decentralized Applications (DApps), with fees much lower than those charged by Ethereum.
Polygon’s network works from a network of decentralized nodes that create a parallel network (sidechain) to Ethereum. This allows it to have a higher transaction processing speed, sensibly reducing the necessary gas fees.
In addition, Polygon uses the Proof-of-Staking (PoS) consensus system, whereby participating nodes can block MATIC tokens to earn rewards and help the operation of the network.
In this section, you will find the latest Polygon News, so as not to miss any detail of this interesting project.
Polygon [MATIC] has defied the overall market movement and flashed green like no other cryptocurrency on the leaderboard. It surged all the way to the 15th
Polygon announced a strategic partnership with SushiSwap DeFi. The blockchain now supports the DeFi platform with 30M USD rewards for liquidity providers.
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