Trading volumes on the Solana-based DEX Jupiter reached an impressive $480 million within a 24-hour period, surpassing Uniswap's leading position amid a surge in interest fueled by a new memecoin airdrop and increased stablecoin swaps. This week in the crypto space also witnessed significant developments:
1. Stolen Crypto Recovery:
- Blockchain security firm PeckShield reported that out of the $2.61 billion lost to hacks and scams in 2023, $674 million was successfully recovered from more than 600 large-scale hacks. This recovery amounted to 25% of the total crypto stolen, marking a 27.78% decrease compared to 2022.
2. Solana DEX Jupiter Dominance:
- Jupiter, a Solana-based DEX, outperformed Uniswap with a daily trading volume of $480 million, surpassing Ethereum-based Uniswap's combined trading volume of $470 million from both v2 and v3 protocols. This surge in trading activity was driven by a memecoin airdrop and heightened stablecoin swaps.
3. Polygon Labs' Regulatory Framework:
- Polygon Labs proposed a regulatory framework suggesting that neutral DeFi protocols be classified as "critical infrastructure" and subject to oversight by federal cybersecurity agencies in the United States. The framework, titled "A Conceptual Framework for Combating Illicit Finance Activity in Decentralized Finance," aims to establish regulatory guidelines.
4. SFC Warning on Floki Staking Programs:
- The Hong Kong Securities and Futures Commission (SFC) issued a warning about "Floki Staking Program" and "TokenFi Staking Program," affiliated with the Floki ecosystem. The SFC cautioned the public about the unauthorized staking services offering annualized returns ranging from 30% to over 100%.
5. DeFi Market Overview:
- Data from Cointelegraph Markets Pro and TradingView indicated a bullish week for DeFi's top 100 tokens by market capitalization. Most tokens traded positively on the weekly charts, reflecting the overall positive sentiment in the decentralized finance space.
These developments underscore the dynamic nature of the crypto and DeFi space, with both opportunities and risks prevailing. Stay tuned for more updates and insights into the evolving decentralized finance landscape.

$SOL $MATIC $JUP #Solana-SOL #PolygonGrowth #Jupiter(JUP)
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Polygon’s native token, MATIC, has recently experienced a surge in positive market momentum, evident in both its daily and weekly charts turning green. According to data from CoinMarketCap, MATIC’s value has surged by more than 18% within the last 24 hours, signaling strong performance in the market. This article delves into Polygon MATIC’s current market status, and achievements, and explores predictions for its weekend price.Current Market OverviewAs of the latest update, MATIC is actively traded at $1.02, boasting a market capitalization exceeding $10 billion. The significant surge in value observed over the past 24 hours reflects the optimistic sentiment surrounding Polygon’s native token.SourceAchievements of Polygon’s zkEVMSandeep Nailwal, the co-founder of Polygon, recently drew attention to a notable achievement of the zk rollup technology. In a post on X (formerly Twitter), Nailwal highlighted that among the top 15 roll-ups by Total Value Locked (TVL) and adoption, four are being constructed using the Polygon zk-tech stack. This accomplishment underscores the widespread adoption and capabilities of Polygon’s zk Stack.MATIC’s Trajectory in 2023Analyzing the technical aspects of Polygon’s MATIC for the year 2023, projections indicate a minimum expected cost of $0.8087. The anticipated maximum level for MATIC’s price is set at $0.9193, with an average trading price expected to hover around $0.8938.Weekend Price ForecastsAligned with broader market trends, MATIC is expected to experience an upward trend over the upcoming days. According to data sourced from CoinCodex, MATIC is forecasted to rise to $1.12 on Dec. 30. As the weekend unfolds, the altcoin is predicted to surge further, reaching $1.20 by Sunday, Dec. 31. Furthermore, these predictions reflect positive momentum and potential gains for the asset as the year concludes.SourcePolygon’s MATIC has attracted attention due to its recent bullish momentum. The accomplishments of Polygon’s zk rollup technology, as highlighted by co-founder Sandeep Nailwal, underscore the platform’s growing influence. As the asset progresses through 2023, the weekend predictions suggest a positive trajectory, reaching $1.20 on the last day of the year.#PolygonGrowth #dyor

$MATIC
🚀🔥 I would like to introduce my favorite crypto from my portfolio. 💰

Why did I buy it?
So the answer is very simple. Polygon is carbon neutral, climate positive and Ethereum scalability while maintaining security with the first ZK-rollup. In the past couple of years, Polygon emerged as the leading Ethereum layer 2 solution, facilitating various payment, non-fungible token (NFT), and DeFi-focused services.

And why do I believe in it?
You can see it a trading charts it is a rising period. This shows that investors over time have bought the currency at higher prices and indicates good development for the currency.

And what are pros saying?
I'm just sharing, what I read in Coincodex.
"Polygon is currently 13th on the list of largest cryptos in terms of market cap, and it could easily climb even higher on the list if it continues to innovate. While some worry that L2s solutions might become obsolete as Ethereum’s scalability increases, Vitalik Buterin himself recently said that L2s are a crucial part of the Ethereum ecosystem and are here to stay."

Come on Polygon, let's rock.

THIS IS NOT FINANCIAL ADVICE, I just share my journey in crypto world
#PolygonGrowth #PolygonEvolution #PolygonMATIC #PolygonVentures #trading

Polygon (MATIC) currently displays a bullish set-up which, according to a market analyst, might eventually trigger a massive rally in its price.

Read more on: https://thecryptobasic.com/2024/02/22/polygon-matic-displays-bullish-setup-that-might-drive-price-to-1-7/
#PolygonGrowth #PolygonEvolution #MATIC/USDT⚡ #Crypto #CryptoNewsFlash