Polygon

Coin

<ul class="news-points"> 
 <li>MATIC sees a 6.58% price surge with a 33.8% increase in trading activity in 24 hours.</li> 
 <li>Polygon introduced the PIP-29 to create a Protocol Council for decentralized governance.</li> 
 <li>The council will potentially comprise Polygon co-founder, rug-pull detector ZachXBT, and others with impressive resumes.</li> 
</ul> 
<a href="https://coinedition.com/tag/polygon-matic/">MATIC</a>, the soon-to-be-rebranded <a href="https://coinedition.com/polygon-2-0-implementation-begins-matic-to-be-upgraded-to-pol/">native token of the Polygon blockchain</a>, has garnered increased trading activity from crypto market participants over the past 24 hours. According to data from CoinMarketCap, MATIC’s 24-hour chart appears usually bullish with a stronger upward trajectory in sight. 
Specifically, crypto traders bought and sold 33.8% more MATIC tokens within the last 24 hours than the previous day. Its price is now $0.5416, up 6.58%, at the reported time. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img decoding="async" width="975" height="331" src="https://coinedition.com/wp-content/uploads/2023/10/image-9.png" alt="" class="wp-image-344341" srcset="https://coinedition.com/wp-content/uploads/2023/10/image-9.png 975w, https://coinedition.com/wp-content/uploads/2023/10/image-9-300x102.png 300w, https://coinedition.com/wp-content/uploads/2023/10/image-9-380x129.png 380w, https://coinedition.com/wp-content/uploads/2023/10/image-9-768x261.png 768w, https://coinedition.com/wp-content/uploads/2023/10/image-9-159x54.png 159w, https://coinedition.com/wp-content/uploads/2023/10/image-9-795x270.png 795w, https://coinedition.com/wp-content/uploads/2023/10/image-9-440x149.png 440w, https://coinedition.com/wp-content/uploads/2023/10/image-9-414x141.png 414w, https://coinedition.com/wp-content/uploads/2023/10/image-9-326x111.png 326w, https://coinedition.com/wp-content/uploads/2023/10/image-9-377x128.png 377w, https://coinedition.com/wp-content/uploads/2023/10/image-9-123x42.png 123w, https://coinedition.com/wp-content/uploads/2023/10/image-9-129x44.png 129w" sizes="(max-width: 975px) 100vw, 975px">
 <figcaption class="wp-element-caption">
 Polygon (MATIC) 24-hour chart&nbsp; (Source: <a href="https://coinmarketcap.com/currencies/polygon/" target="_blank" rel="nofollow">CoinMarketCap</a>)
 </figcaption>
 </figure>
</div> 
Notably, the uptick in MATIC value followed a significant development from the Polygon development team. In particular, the development crew has initiated a new proposal dubbed PIP-29. According to the official report, the aim is to create the Polygon Protocol Council. 
“This is the next step towards the vision of a decentralized, community-l…
The post <a rel="nofollow" href="https://coinedition.com/matic-volume-soars-33-as-polygon-proposes-13-person-protocol-council/">MATIC Volume Soars 33% as Polygon Proposes 13-Person Protocol Council</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

MATIC Volume Soars 33% as Polygon Proposes 13-Person Protocol Council

Coin Edition

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