Polygon challenges Ethereum dominance, Ripple payments grow 43%, and NuggetRush hits new presale milestone.

TLDR:

• According to a report from Flipside, Polygon will attract almost the same number of users as Ethereum in 2023.
• The number of BitPay payment transactions for XRP increased by 42%.
• NuggetRush met its presale goal by selling over 164 million tokens in record time.

Polygon (MATIC) hit over 15 million new users in 2023, nearly dethroning Ethereum in the process. Meanwhile, the use of XRP for payments continues to grow, increasing by a whopping 42% on Bitpay.

NuggetRush (NUGX) is also one of the top DeFi projects to break pre-sale milestones. Read on to learn more about this exciting development.

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Polygon (MATIC) records as many new users as Ethereum.

Initially launched as a scalability solution for Ethereum, Polygon has seen tremendous growth as an interoperable layer. According to a Flipside report, Polygon claimed an increase of 15.24 million users in 2023. That’s about 160,000 fewer users than Ethereum’s 15.4 million users.

Flipside defined an acquired user as someone who has completed at least two transactions on a particular blockchain, at least one of which was completed in 2023. The report highlights Polygon’s recent growth, but the network could grow even further.

Polygon Labs recently announced plans for v2. To address fragmented liquidity and scalability issues, the Polygon aggregation layer, or “AggLayer,” is scheduled to be released in February. As the network grows in 2024, MATIC is poised to remain one of the best cryptocurrencies to buy.

NuggetRush (NUGX) recorded new pre-sale demand amid growing interest.

The ongoing cryptocurrency ICO for NuggetRush (NUGX) has already sold over 164 million NUGX tokens. This new DeFi project is in hot demand thanks to its innovative gaming platform. NuggetRush introduces professional entrepreneurs and artisanal miners to its platform with NFTs, helping players build profitable mining operations.

Players will create a mining team and compete against other players in exciting battles. They will also undertake quests and tournaments in search of gold and other valuable minerals. The game includes various tasks such as building mine shafts, excavating tunnels, and finding mineral deposits.

NuggetRush is one of the best DeFi projects by giving players the opportunity to trade resources and in-game collectibles. A community-driven project, NuggetRush allows players to interact and collaborate for more rewards. You can form mining groups to increase rewards and optimize operational efficiency.

NUGX is an ERC20 coin that energizes the ecosystem. The advantages of NUGX tokens include governance rights and the ability to enter private areas within the game. Currently, NUGX coins are trading at $0.018, an 80% increase from the launch cost of $0.010.

Ahead of its Q1 launch, analysts expected its price to surge 50x, making it one of the best altcoins to buy.

The use of Ripple (XRP) for payments continues to grow.

Ripple (XRP) was one of the coins most affected by the SEC’s decision on the Bitcoin ETF. Although the price of XRP is struggling around $0.5100, recent reports have highlighted the growth of XRP.

According to Bitpay, XRP was the most used crypto asset for payments throughout 2023. XRP, up 42%, was used by Bitpay to facilitate 7,310 payments to businesses across 113 industries. This is an impressive statistic, as XRP was only added to global payments in August 2023.

Closing Thoughts

The cryptocurrency market is heating up with a number of interesting developments. As Polygon’s growth challenges Ethereum’s dominance, Ripple’s payouts continue to grow at an impressive rate. Meanwhile, NuggetRush is looking to change the status quo in the gaming industry.

Visit the NuggetRush pre-sale website