MATIC Surges To 6-Month High After Javascript Library Announcement

MATIC surges to 6-month high after a new Javascript Library announcement that can interact with the Polygon bridge itself. In our altcoin news today, we are reading more about this amazing news.

The popular Ethereum layer-2 solution polygon introduced a new javascript library to interact with the bridge and right after the announcement, MATIC surges to 6-month high. The announcement informed that the Javascript library that is open source and dubbed matic.js, will provide APIs for withdrawals, deposits, and other types of transfers on the network.

This is the latest version that operates as an all-in-all improvement over the predecessor model which was already being used by other applications. It aims to help developers in creating and deploying applications while ensuring they can support another ecosystem as well. Some of the improved features include support for Ethereum’s native token and reduced bundle sizes as well as plugin support for shipping different functionalities in various packages.

This is the latest development that came from the Ethereum L2 solution which was integrated into the workflow automation platform PARISQ. The price of Polygon’s native digital asset reached well to the new update and it went from a low of $1.95 to a high of $2.4 which is a 24-hour surge of about 20%. looking at it on a larger scale, MATIC is up by 605 since November when it stood at $1.5 so by hitting $2.4 earlier today, the crypto recorded a new high price level not seen since May. It came about 15% away from the all-time high recorded also in May. MATIC is now the 15^th biggest digital asset by market cap and its market cap surpassed $16 billion.

Also, In a bid to equip decentralized application developers with the needed tools for maximum production, ethereum blockchain developer Alchemy partnered with MATIC to boost its network capabilities. The company made the announcement and stated that the move will supercharge the development of the Ethereum and Polygon network. The partnership will also provide the needed tools to dapp developers enabling them to launch relevant blockchain-related products and services in the near future. Based on the partnerships, dapp developers building top applications on ETH can enjoy a few features of Alchemy and Polygon including high-speed, low-cost transactions, high fidelity developer tools, and maximum security.