Is MATIC done for?
TLDR: I don't think so.
Based on everything we saw around the SEC shenanigans it is so easy to paint everything with a broad brush and call it a day for altcoins.
Is it though?
Let's check (2022 Data);
• Active wallets: Increase of 115% relative to last year's Q4 • Total Active wallets: 206 Mn (+58% from 2021) • Gaming: Added a total of 1.4 Mn+ active wallets and processed 4 Mn+ transactions • DeFi: Varying degrees of increases (5%, 241%, 4914%, 113%) in unique addresses and transactions (15.2Mn, 5.33 Mn, 6.36 Mn, 1 Mn) • Community&Development: Crossed 1 Mn all-time direct contracts deployed on-chain + roughly 19.5k new creators joining the ecosystem each month.
It's tough for MATIC; the SEC backlash, Robinhood dumping it on Binance etc but once the dust settles, MATIC is here to stay.
The recent developments only show that the new landscape of alts will be
-Highly regulated -Higher barriers of entry -Won't be shill-centric with phoney influencers
and that's not such a bad thing. MATIC can live up to these standards.
You don't get to be in that position without providing hefty support to the gaming, defi and developer ecosystem. Show Less
