The price of the Matic token jumped more than 130% last month. The network is used by decentralized exchanges, defi protocols, or games like the Aavegotchi. Matic is a second layer solution for Ethereum.
The second layers bring the computing onto a separated chain, and the main network blocks storing only the transaction history. So the transactions of an application don’t slow the network and could process them cheap and fast. Next to the Matic, other second-layer projects like the Loopring also experienced big progress lately.