Polygon (MATIC) posted the highest 24-hour gains today and surpassed Bitcoin and Ethereum in that department as the altcoin mounts a bounce back following the crashing effects of the FTX implosion.

On Tuesday, 29 November, the leading Solana wallet, Phantom, <a href="https://twitter.com/phantom/status/1597597365774749697?t=Pq8aq4lFRYf1q_T9PWu8rw&amp;s=19" target="_blank">announced</a> that it would enable functionality for assets on the <a href="https://ambcrypto.com/polygon-traders-going-short-on-matic-can-watch-out-for-these-levels/">Polygon</a> and <a href="https://ambcrypto.com/reasons-eth-investors-can-be-disappointed-despite-ethereums-latest-milestone/">Ethereum</a> blockchains.

Polygon (<a href="https://finbold.com/topic/polygon/">MATIC</a>) is currently ranked in the top 10 <a href="https://finbold.com/cryptocurrencies/">cryptocurrencies</a> by market capitalization as more investors and traders take an interest in the decentralized finance (<a href="https://finbold.com/guide/liquidity-mining-definition/">DeFi</a>) asset despite the fact that MATIC’s price has been affected by the ongoing washout in the <a href="https://finbold.com/category/cryptocurrency-news/">cryptocurrency market</a>.

“I am happy to see @0xPolygon ecosystem was lucky to come out safe from all this chaos. I can speak for myself and a few ecosystem founders I spoke with,” Polygon co-founder Sandeep Nailwal&nbsp;<a href="https://twitter.com/sandeepnailwal/status/1591157307152683008">said in a tweet</a> on Saturday.

Uquid is the absolute undisputed pioneer in the field of using DeFi and Web3 through every aspect related to e-commerce. The entity, which now makes the formal declaration of having merged with Polygon, does so with tremendous pride and a great deal of satisfaction.&nbsp;

Oryen (ORY) is Binance's newest digital token, and it is already making waves in the cryptocurrency investment world. Now on the fifth phase of its presale, the price of ORY has skyrocketed by a staggering 200% since it was first offered to early investors. Because of its growing popularity, analysts speculate that the project could lead to developing a cross-chain on Dogechain and Polygon.

Brands like Starbucks, Reddit, Meta, Nike, Disney, and Coca-Cola have built on the Ethereum scaling network or announced plans to. Despite the FTX collapse, Polygon Studios CEO Ryan Wyatt told Decrypt to expect Web3 brand momentum to continue to build.

MATIC cryptocurrency is a positively biased token of the Polygon network that offers higher scalability. Using the Ethereum blockchain as the core object for expansion, Polygon has enabled a new method for scaling and governance by issuing MATIC tokens.

With the expansion to Polygon, Magic Eden will be able to work closely with strategic intellectual property owners, world-class game developers, and emerging creators.

NFT marketplace Magic Eden is integrating with the Ethereum scaling layer-2 blockchain Polygon to dive deeper into the blockchain gaming and NFT ecosystems, the companies announced on Tuesday.

Banking giant JPMorgan Chase’s application for a trademark for a digital wallet with crypto features has been awarded by the U.S. Patent Office after more than two years in application status. According to a filing with the U.S. Patent and Trademark Office, the bank filed a trademark for “JP Morgan Wallet” in July 2020; the filing was finally approved on November 15.

Kraken, one of the world’s most popular crypto exchanges, recently announced that it had integrated Polygon [MATIC] on its platform. With this new development, users can send and receive MATIC natively on the Polygon network. This could add supplementary value to the blockchain.&nbsp;

Sensorium, the company behind the industry-leading Sensorium Galaxy metaverse, is pleased to announce that it is entering into a collaboration agreement with Polygon Studios.

Heroic Story, a web3 gaming and entertainment studio, has raised $6 million in a seed round led by Upfront Ventures.

FTX’s disaster has caused the market to be filled with fear of uncertainty and doubt (FUD), and major cryptocurrencies related to Sam Bankman-Fried have suffered as a result, but Polygon (MATIC) and tokens backed by gold, have outperformed.