Polygon Overtakes BNB Chain in Daily Transaction Volume as It Partners With Chainlink
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Another significant achievement has been made by the Polygon network. According to recent data posted on Twitter by PolygonScan, it has supplanted the BNB Chain in the daily transaction volume over the last seven days. Despite being the most popular Ethereum-based protocol for the majority of the year, the BNB chain is progressively losing ground in that regard.
Additionally, the BNB Chain processed over 6 million transactions per day around the end of last year, and the most recent development denotes a change in the chain’s dominance. The recent increase in Polygon’s trading volume has been attributed to both its new Web3 collaboration and its incorporation into the Chainlink Price Feeds.
The NFT and gaming platform Mighty Llama are involved in the new Web3 alliance, which intends to enhance the price outcomes on the Polygon mainnet using the Chainlink protocol.
Polygon (MATIC) Price to Benefit From the Partnership
.@mightyllama_nft—a #Web3 NFT and gaming project—has integrated #Chainlink Price Feeds on #Polygon to help it charge fixed USD prices for digital assets.
Discover how secure and reliable price data unlocks superior user experiences ⬇️https://t.co/MJic05sKvI
— Smart Contract (@SmartContract) December 22, 2022
With Polygon’s incorporation into the top decentralized network, Mighty Llama NFT will have access to reliable price information that will raise the value of MATIC. In the meanwhile, price integration is crucial because it will reassure users that, even when paying for utilities with MATIC tokens, the pricing of digital assets can be correct and in line with the global reserve currency.
However, the cooperation agreement states that the MATIC/USD pair on the Chainlink Price Feeds will be used for the initial integration. The Chainlink network was chosen because of its infrastructures, which enable smooth integration and tried-and-true operational efficiency, according to the Polygon network.
According to a recent announcement from Mighty Llama, the company’s NFTs are available to mint and are at the center of its long-term plans for the Mighty Llama ecosystem. The company will use XBLOK, the native utility token of Xbloklabs, to fuel the Llama ecosystem. Users can thus use XBLOK to purchase NFTs and other in-game items from the Mighty Llama ecosystem.
However, this is only feasible if owners of Xblok have access to digital assets with a USD base, such as MATIC.
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