The Polygon ecosystem, which boasts scalability and high efficiency of the blockchain system, is gaining increasing attention from investors and developers. Some key tokens to look at within the Polygon ecosystem include LINK, MATIC, RENDER, AAVE, and GRT, as they all aid in the Polygon network’s growing presence in crypto.
MATIC
While integrating other projects into Polygon, MATIC remains one of the main currencies within this ecosystem. This position makes it a critical part of the Polygon network and aids in the security and execution of transactions on the network. MATIC’s constant ability to perform has placed it in a strategic position for both retail and institutional investors. As of press time, MATIC is trading at $0.4168, reflecting a 1.26% increase in the past 24 hours, despite a slight 0.04% decline over the past week.
LINK
Chainlink (LINK) is a decentralized oracle network that provides real-world data for smart contracts. Since partnering with Polygon, the integration has enhanced the stability of the network applications. One of the critical tasks for many projects based on Polygon is the receipt of timely and accurate data feeds, which LINK performs.
In the last 24 hours, Chainlink (LINK) has experienced a price decline of 1.88%, bringing its price to $10.00 as of press time. Over the past 7 days, LINK has seen a further 2.76% decline, signaling continued pressure on its price.
Avalanche and Chainlink Lead RWA Tokens by Market CapRENDER
Another one rising in the Polygon ecosystem is Render Token (RENDER), which represents GPU rendering services in a decentralized manner. Since RNDR is built upon Polygon’s highly sustainable infrastructure, the platform is all set to capitalize on gaming and virtual reality spaces. As of press time, RNDR is priced at $4.37, marking a 3.80% drop in the past 24 hours and a 3.59% decline over the last week.
AAVE
AAVE is one of the protocols that experienced significant growth within the Polygon ecosystem. Being a lending and borrowing protocol integrated into Polygon’s network, AAVE helps to stir up DeFi action on the platform and optimize the flow of transactions. At the reporting time, AAVE is hovering at $111.26, showing a slight decline of 0.69% in the last day.
GRT
The Graph (GRT) is an indexing and querying protocol for creating blockchain data within Polygon. The organization and inclination of blockchain data as a relay through GRT have become essential functions in the Polygon Ecosystem for developers. As of the publishing time, GRT is trading at $0.1372, marking a drop in value of 1.89% in the last 24 hours.
