Polygon (MATIC) Fell 17% Today as Crypto Market Slips
— Widely thought, Coin, Work, Peak price, Past 24 hours, Research, Blockchain, Help bigger blockchainspolygon, Settlement times less, Help larger blockchains scale — 1 min read
Polygon developers announced a new programming enhancement they're testing called "Avail" that's intended to help larger blockchains scale and work together using a novel, modular approach. MATIC was down as much as 17% over the past 24 hours to a price of $0.4224 per coin, according to CoinMarketCap. The MATIC coin is used for governance rewards and to pay fees across Polygon's proof-of-stake (PoS) network. The developers of the Polygon project said they are rolling out a system-wide enhancement named Avail, short for "available," that will enable larger smart-contract blockchains to be able to quickly scale and operate across other networks. Today's lowest intraday price marks an 85% decline from that top. Source