altcoinbuzz.io
Web3 app solution provider MassBit is integrating with Polygon Network. Therefore, making the Polygon blockchain available on MassBit’s cross-chain indexing system.
This integration between MassBit and Polygon helps in the growth and development of the Polygon community.
It also means Polygon will be on MassBit’s cross-chain indexing product. The cross-chain indexing feature is a significant step for on-chain projects:
- It removes a large portion of tasks in the development process. Thus, giving the developers more time and resources for other tasks.
- The feature also makes it possible for developers to “analyze” and “query” important data that’s crucial in developing their project.
#MassBit is excited to officially announce the integration with @0xPolygon, as they will be adding their chain to our Cross-chain Indexing product!
👉Check out the full details here: https://t.co/RHRwVxcv2Q#DeFi #Web3
— MassBit (@massbitprotocol) January 1, 2022
Other Products on MassBit
Asides from the cross-chain indexing product, MassBit also offers other products, such as:
- MassBit Insights: This product serves as a blockchain reference tool that helps users have a better understanding of any project. Besides, it gives comprehensive information on areas like market cap, price, current epoch, and transaction volume of any chosen project.
- MassBit Route: This is a blockchain distribution network (BDN) that can be utilized by blockchains. It provides incentives that motivates workers of similar tasks to stake and confirm their tasks, thus promoting honesty.
Notably, this collaboration joins a growing list of recent collaborations by Polygon.
Recently, Instadapp, a cryptocurrency wallet and DeFi platform, integrated Polygon. The integration also makes it possible to have pools and token swaps on Polygon by ensuring significant gas savings.
In addition, Polygon entered a partnership with Paxo Finance with the goal of maximizing investment opportunities by modifying under-collateralized DeFi loans. The partnership also gives Paxo customers the opportunity to engage Ethereum-based networks and protocols.
$MATIC Price Outlook
As of the time of writing, Polygon’s price was $2.40 with a 24-hour trading volume of $1,200,971,808. MATIC price also rose by 0.2% over the last 24 hours. Besides, it has a circulating supply of 6.87 billion MATIC coins and a total supply of 10 billion.