What Does The Future Hold For Matic: 2030 Forecast

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MATIC 2030 Price Movement Prediction

Ethereum is the leader in the decentralized applications industry, with tens of thousands of dApps running on its network. However, this popularity has initiated some issues. Fees have skyrocketed and smart contract interaction has become slow and prohibitive.

This has given birth to multiple layer-2 scaling solutions for Ethereum. Polygon (MATIC) is one of the most popular of them. This platform allows users to port ETH onto a highly scalable EVM blockchain that provides fast transactions and low gas fees.

With Ethereum moving to proof of stake, many are asking themselves what is the purpose of Polygon as a Layer 2 solution for the #1 smart contract blockchain. In this article, we give you several good reasons why Polygon is here to stay for the long run. We will analyze some analytical forecasts and provide a MATIC price prediction 2030 to help you assess its potential.

Matic Blockchain in Numbers

The Polygon blockchain is a standalone layer-2 solution for Ethereum. It allows users to bridge ETH and use the smart contracts on the platform to deploy dApps with portable code. It was released in early 2019 as an answer to the rising demand for block space on Ethereum.

The MATIC token is native to the network. It serves as gas for paying transaction fees. In a nutshell, users can wrap ether or other ERC20 tokens into smart contracts and port them onto Polygon. This allows them to access EVM dApps that conserve high throughput and low fees.

Is Polygon Useful?

Polygon is currently one of the most used scaling solutions for Ethereum. It performs more than 3 million transactions per day. Transaction fees remain at under $0.01. This makes it incredibly useful for deploying DeFi applications that require multiple smart contract calls. This has allowed partnerships with important entities like Stripe, Instagram, and many more.

The project uses multiple different tools to provide its services.

Polygon Avail

Polygon Avail is a modular blockchain that records data for other blockchains and makes this information readily available. Consequently, it allows blockchains to use Avail for data ordering and availability. It’s a low-resource requirement data solution that can be used by validators without hosting a full node.

Polygon Miden

Polygon Miden is STARK-based ZK rollups for the chain. Since most of the transactions happen off-chain on the Polygon sidechain, this data needs to eventually find its way back to Ethereum.

Miden provides a ZK-rollup solution that is fast and secure and provides full data availability at all times. In a nutshell, it allows multiple smart contract calls to be rolled up in a single transaction on Ethereum. This reduces the time required for execution. Moreover, it alleviates computational strain from Ethereum.

Polygon Edge

Polygon Edge is a blockchain framework that allows developers to deploy standalone blockchains using Polygon’s technology. Developers can use a user-friendly and modular SDK to easily create scalable blockchains. They use either proof of work or proof of authority.

Since these blockchains are EVM-compatible, users can benefit from code portability and quickly deploy apps that have proven their robustness on the Ethereum network.

Polygon Zero

Polygon Zero is another ZK-rollup solution, this time relying on the Plonky2 system. Plonky2 is a groundbreaking technology that allows even greater scalability for ZK-rollups, generating them in 170 milliseconds on a commodity laptop. Moreover, the proof size averages 45kb, which makes it extremely light and portable.

Polygon Nightfall

Polygon Nightfall is a privacy-focused rollup solution for enterprises. Privacy is a valuable commodity in the business sector, and keeping data out of reach of the competition is invaluable. Nightfall provides use cases for private NFT marketplaces and supply chain organizations.

Does Matic Have a Bright Future?

MATIC has been one of the best-performing cryptocurrencies in the 2020-2021 bull market. Even though Ethereum will get more scalable over time, the solutions brought by Polygon aren’t going to become outdated anytime soon.

The chain is receiving more users each day and new applications are launched continuously. The MATIC crypto is currently trading at $1. Expert forecasting platforms currently provide a bullish view of MATIC in the future:

Digitalcoinprice.com is expecting the price to rise to around $5 by 2030. Priceprediction.net is much more enthusiastic and gives a target of above $25 for 2030. Considering that another bullish cycle might happen until then, the latter prediction seems much more plausible.

All in all, Polygon is a great layer-2 solution that has continuously innovated in the crypto space. With all the upcoming products on its roadmap, it has all the chances to become one of the most important contributors to blockchain technology.