In the race to become to go-to aggregator for the Ethereum network, Polygon took a giant leap forward this week towards lower fees and faster transactions. 

Just last month the Matic Network announced it will rebrand itself as Polygon as part of the marketing push towards L2 aggregation. This is important because, as anyone who has used the Ethereum network will attest, transactions are slow and expensive. The popularity of Ethereum doesn't help matters, the more users, the more demand, the slower the network will run. The Ethereum Foundation has been reluctant to fully release ETH 2.0, doing the upgrade in phases. This creates space for technological additions to ensure blockchain technology actually benefits users. 

Layer 2 solutions are a feasible way to improve scalability, decentralization, and security. In order to accomplish scaling they process transactions on a separate layer, outside of Ethereum's main chain. 

And that's where Polygon comes in. Based in India, the company is attempting to solve these Ethereum issues with a layer-2 aggregation SDK that hosts multiple technologies at once. This allows projects to select the scaling solutions that suits their needs. It accommodates all kinds of solutions, like rollups and the ability to enable creation of standalone chains. 

With transactions fees often above $20 a transfer now, the market sees huge demand for layer 2 solutions like Polygon's. Users are excited, as are shareholders as the token price leapt nearly 40% in 24 hours. Currently trading well above its 50EMA cloud on the 1H, the price countinues to push, first past $0.50 and then crossed $0.60 today, another 15% gain, and no sign of slowing down. Volume exploded with price on the 25th/26th April 2021: