Can Polygon (MATIC) Reach $3?
In a world of perfect blockchain-based fintech and Web3 applications, Ethereum (CRYPTO: ETH) wouldn't need any help. The leading smart-contracts platform would be able to handle millions or even billions of transactions every day without skipping a beat. But in the real world, Ethereum runs a bit slow even after the switch to a faster proof-of-stake platform in the summer of 2022. It needs some help to address the full volume of smart-contract processes over the next few years.
That's where Polygon (CRYPTO: MATIC) comes in. Its separate layer of transaction-crunching blockchain systems serves to accelerate Ethereum while maintaining full compatibility with the original network.
Polygon is not the only way to accelerate Ethereum apps and services, but it is by far the most popular one with a niche-leading transaction volume and a market cap of $4.8 billion. The second-largest Ethereum booster is Arbitrum (CRYPTO: ARB), a minnow with a total market value just below $1 billion.
Source Fool.com
