The price of Ethereum second-tier solution token Polygon (MATIC) has risen 26.8% in the last 24 hours and 68.4% over the week. This is evidenced by data from CoinGecko.

At the time of writing, the token is trading at $0.96. The asset is showing growth against a general positive backdrop in the market and a tweet from developer Mihailo Beli.

when we started @0xPolygonThe Ethereum community has embraced us. This gave us the power to be a giant among the lower L1s with 30,000 apps and 150 million users adding and scaling efforts.

We promised to stay connected and give back to Ethereum.

Within 3 days, we deliver it. 🦄💫 pic.twitter.com/hRBN8DOVF7

— Mihailo Bjelic (@MihailoBjelic) 17 July 2022

MATIC ranks 12th in the rankings by capitalization with $7.6 billion. Prior to that, the token reacted with growth to the news that Polygon was included in the Disney accelerator.

Significant growth in ecosystem-related areas as well BAIC ApeCoin (APE) token. The other day, its price rose 19.4% to $6.05. This preceded the publication of a simple article from the Otherside project. Metaverse will launch on the MSquared network from the Improbable startup.

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.

Read what Polygon is in the ForkLog tutorials.

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