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One of the major participants of the crypto industry on the investment and DeFi front, Polygon has been observing phenomenal growth over the past couple of weeks. This growth is not on the path of further extension as the changing dynamics of the network will bear an impact on the altcoin. Polygon unlocked On 2 […]
This growth is not on the path of further extension as the changing dynamics of the network will bear an impact on the altcoin.On 2 August, the co-founder of Polygon, Sandeep Nailwal, tweeted the confirmation of the unlocks of 1.4 billion MATIC tokens worth over $1.26 billion.
Of this 1.4 billion MATIC, 640 million MATIC were claimed by the co-founders, which they have committed to staking into the network. The unlocks, which took place last August and this April, were the last of the planned unlocks for the team. However, this does imbue some sense of confidence in the investors regarding the network and the development team. On that very front, Polygon is doing exceptionally well, having also introduced the first DeFi marketplace for uncollateralized institutional lending through Clearpool Finance.
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