TL;DR Breakdown
- Uniswap went live on Polygon yesterday.
- Users will be able to benefit from the networks low transactions fees.
- MATIC reached a new ATH, and UNI surged by 11% since the announcement.
- Opera browser will integrate Polygon in 2022 to support its in-built crypto wallet
Polygon announced two massive new integrations with popular web browser Opera and decentralized exchange Uniswap. The crypto and blockchain ecosystem has been going through massive developments this year. Polygon has been continuously improving its network to support the ongoing wider adoption of blockchain technologies.
Uniswap went live on the Ethereum scaling platform on December 22nd. Uniswap will be able to benefit from the fast transactions and low gas fees of Polygon. This integration is already driving the UNI token price, as the altcoin is up by 11% since the announcement. Uniswap became one of the 3000 decentralized applications hosted on the network.
This is also a major milestone for Polygon. This collaboration will strengthen its DeFi ecosystem and allow open access to anyone on the Ethereum blockchain. Uniswap as the flagship application of Ethereum had recently moved away from its original vision of offering low transaction fees. However, this integration will help the decentralized exchange to offer low gas fees on layer-2 systems.
Opera browser will integrate Polygon to build a web 3.0 ecosystem
Opera, the popular web browser has also announced its plans to integrate Polygon in Q1 2022. This will support Opera’s vision to launch a web 3.0 compatible browser in 2022. The new browser will also host an in-built crypto wallet powered by Polygon.
Users of the wallet will benefit from the networks low transactions fees and access its native DApps. It means that Opera users will be able to experience popular apps like OpenSea, Decentraland, and SushiSwap directly built into the browser.
MATIC sets a new all-time high
With all the recent developments in the Polygon network, MATIC has experienced a significant increase in its trading volume and price. As Uniswap went live on the network yesterday, it experienced a surge in crypto trading volume. This pushed MATIC prices to reach an ATH of $2.70, before retracting back to the $2.50 zone.
Investors are expecting MATIC prices to further rally above the $3 mark when Opera integration goes live in 2022. The altcoin is currently trading at $2.54, and it’s up by almost 20% in a week.
