Today, a transfer of 273 million MATIC tokens, valued at approximately US$253 million, took place from the Matic vesting contract to the Matic Foundation address. This transfer marks the completion of Matic’s token unlock process, signifying that MATIC has now entered full circulation. This milestone holds considerable implications for the Matic ecosystem and its stakeholders, signaling the end of scheduled token releases and providing clarity on the total token supply available for trading and utilization within the network.
Grayscale, the largest digital asset manager, has added XRP, the native token of the Ripple network, to its Digital Large Cap Fund, while removing MATIC, the token of the Polygon network, following a quarterly review. The fund’s composition now reflects the upper 70% of the digital currency market by market capitalization.