Matic surged by over 20% to trade at a six-month high of $2.4 following Polygon’s announcement of a new Javascript library.
The open-source Library, known as matic.js, supports deposits and withdrawals, among other types of transfers within the network.
The upgraded version includes support for Ether, smaller bundle sizes, and plugin support for deploying various capabilities in different packages.
The latest version, an improvement of the initial model, is already running in various applications. It enables developers to roll out applications efficiently with support for different ecosystems.
The upgrade is the newest development in Polygon, an Ethereum Layer 2 platform, recently integrated with the PARSIQ workflow automation platform.
MATIC was trading at around $1.95 before the announcement and has risen by more than 60% since November 28th. Polygon now ranks as the fifteenth largest crypto with a market cap of $16 billion.
Source: Cryptopotato