DeFi integration and layer-2 tech back Matic Network’s (MATIC) 92% rally

Cointelegraph

Published Jan 08, 2021 01:20PM ET

Updated Jan 08, 2021 03:00PM ET

The exponential growth of the decentralized finance sector increased activity on the Ethereum blockchain, and this has resulted in slow transaction times and incredibly high fees.

In the last month, Ether (ETH) price has also rallied more than 100%, and gas fees are on the rise again as demand for ETH and a resurgence in the DeFi sector accelerates.

MATIC/USDT 4-hour chart. Source: TradingView
Matic Twitter user activity vs. price (USD). Source: The Tie

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