Polygon (MATIC) sees massive investments including from Mark Cuban | Invezz

Mark Cuban has thrown his weight behind Ethereum’s layer 2 scaling solution, Polygon. Although Cuban admitted that he has invested in the platform, he didn’t state how much was invested.

The Billionaire investor’s support has already started yielding results as the protocol’s native token MATIC/USD has surged by 40%.

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This means that the value of the MATIC token is up by over 9,535% year to date, based on data from Messari.

More projects on the platform

Polygon has been pretty busy lately with more projects and upgrades on its platform. More decentralized finance (DeFi) projects have registered on Polygon and users have increasingly adopted the platform as an alternative to the Ethereum mainnet. The protocol is seen as a cheaper alternative to Ethereum blockchain, which is considered too expensive for retail traders.

Cuban stated in an email,

I was a Polygon user and find myself using it more and more.

Additionally, Cuban stated that he has integrated Polygon into Lazy.com, a Cuban portfolio firm that enables users to easily display non-fungible tokens (NFTs).

Polygon has also announced that it has become part of the Mark Cuban company portfolio.

Sandeep Nailwal, Polygon co-founder, commented about the investment by Cuban. He stated that the company has discussed with several investors, but its meeting with Cuban was “truly mind-blowing.”

Cuban also uses the platform personally

The website of the investor has also been updated with some stats and a description of the Polygon platform.

Cuban has also revealed that he is a personal user of the Polygon platform. He stated,

I was a Polygon user and find myself using it more and more.

Some top DeFi platforms, such as mStable, Aave, and Curve Finance have migrated to the Polygon platform in a bid to take advantage of the minimal fees available on the protocol. They are also interested in the faster DeFi offered on the platform.

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