MATIC Soars to a 6-Month High Following Announcement of New Javascript Library

The popular Ethereum layer 2 solution Polygon has introduced a new javascript library to interact with its own bridge. Shortly after the announcement went live, the protocol’s native token surged by double-digits to a six-month high.

Polygon’s New Javascript Library

The announcement informed that the new open-source javascript library, dubbed matic.js, will provide APIs for deposits, withdrawals, and other types of transfers on the Polygon network.

This is the latest version (v3), operating as an “all-in-all improvement over its predecessor,” which was already used in numerous applications. It aims to help developers in creating and deploying applications seamlessly while also ensuring it could support different ecosystems.

Some of the improved features include support for Ethereum’s native token – ether, reduced bundle sizes, and plugin support for shipping different functionalities in separate packages.

This is the latest development coming from the Ethereum L2 solution, which was also recently integrated into the workflow automation platform PARSIQ, as CryptoPotato reported.

MATIC Soars to New 6-Month High

The price of Polygon’s native digital asset reacted quite well to the matic.js update. It went from a daily low of around $1.95 to a high of $2.4, which represented a 24-hour surge of more than 20%.

Looking at a slightly larger scale, MATIC is up by 60% since November 28th, when it stood around $1.5. By tapping $2.4 earlier today, the cryptocurrency marked its highest price level since late May.

Moreover, it came about 15% away from its all-time high, also registered in May at $2.8.

According to CoinGecko, MATIC is now the 15th largest digital asset by market capitalization as its own exceeds $16 billion.

MATICUSD. Source: TradingView