Polygon (MATIC) has seen a jump of 54% in just three weeks, reaching $0.80 for the first time since July.
Whale activity and accumulation have been strong factors driving the recent surge in MATIC's market cap.
In the last 24 hours, MATIC has gained 7.39% and 21.32% in the past week.
MATIC recorded the highest number of transactions of $100,000 or more in a single day since July.
Large wallets holding 100,000 to 10 million MATIC have been accumulating in the past two weeks, supporting the token's current increase.
If MATIC closes positively today, it will be the sixth consecutive day of gains since Nov. 3.
Polygon Labs and NEAR Foundation have announced a collaboration to develop a zero-knowledge prover for Wasm blockchains.
This prover aims to bridge the gap between Wasm-based chains and the Ethereum ecosystem.
The prover will provide greater scalability and decentralization, allowing Wasm networks to access Ethereum liquidity.
NEAR Foundation joins Polygon Labs as a core contributor to the Polygon CDK, expanding options for building custom blockchains.