According to CoinGecko, the rate of second-level Polygon (MATIC) native token Ethereum solution increased by 24.9% in 24 hours.

The asset is trading around $0.5. This is about 82% below the December 2021 high of $2.88.

Sharp daily growth was driven by the launch fund of a new system project team to identify DAO participants – Polygon ID.

The solution uses zero-knowledge proof technology, which prevents the transfer of personal data.

Santiment analysts noted that over the past six weeks, the total assets of MATIC whales (users with 10,000 to 10 million token balances) have increased by 8.7%.

🦈🐳 $MATIC sharks and whales tend to accumulate quite a bit for about six weeks. Tiers of owners ranging from 10,000 to 10 million coins collectively added 8.7% more to their bags during this time frame. 📈 https://t.co/oasCn72rxt pic.twitter.com/lm4au2fWkn

— Santiment (@santimentfeed) June 22, 2022

The Polygon team also reported that the network has reached carbon neutrality. In partnership with KlimaDAO, the project has purchased and deployed $400,000 worth of tokenized carbon credits.

Recall that in May, Tether, the largest issuer of USDT stablecoins by capitalization, launched an asset on the Polygon network.

In June, stablecoin operator USD Coin (USDC) Circle added blockchain support.

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