• Polygon claimed that the collaboration will help in enhancing the scaling capabilities of Polygon zkEVM.
• MATIC’s Open Interest declined, signifying decreased interest in the derivatives market.

Over the latter half of April, Polygon [MATIC] witnessed a steady increase in the protocol fees collected on the network. As per Token Terminal, the Ethereum [ETH] sidechain racked up a monthly growth rate of over 9% in fees paid by users to confirm their transactions.

Is your portfolio green? Check the Polygon Profit Calculator

On the flip side, the number of active users on Polygon plunged as much as 33% over the previous month.

This divergence in network traffic and fees collected indicated that the network was becoming expensive to use. Polygon’s near-term growth prospects could also be impacted because of this.

However, a big partnership was on the horizon which has the potential to change Polygon’s fortunes.

Polygon and Google Cloud join hands

Polygon announced a strategic alliance with Google Cloud in a bid to increase adoption of its core protocols. As part of the deal, Google Cloud will provide its infrastructure and developer tools to make it easier for users looking to build and launch Web3 products in the Polygon ecosystem.

@googlecloud ☁️ @0xPolygon

Google Cloud will help accelerate adoption o

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Author: Suzuki Shillsalot

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