The Open Interest in Polygon-based Futures Hits a Three-month High

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MATIC, the altcoin of the Polygon blockchain, jumped to $1.12 on January 27, which is the highest value since November last year.

The asset turned out to be one of the most productive over the past week. Its market capitalization increased by almost 15%, almost reaching $10 billion.

Polygon has overtaken Solana and is now the 10th largest asset in terms of capitalization.

The rally in the spot market has contributed to a sharp increase in interest in MATIC futures, according to CoinGlass experts.

The amount of open contracts on Friday reached $228.628 million, which is the highest level since November 5.

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