PARSIQ brings “Smart Trigger” technology to Polygon ecosystem. Days after announcing the OpenSea integration, PARSIQ has announced another expansion. PARSIQ adds Polygon to its portfolio. With the news, the price of the popular altcoin project has increased by more than 15 percent. At the time of writing, the altcoin was trading at $1.75 levels. PARSIQ is also integrated into Tier 1 blockchains such as Bitcoin, Ethereum, and Solana. Details of the topic Cryptocoin. com
The price skyrocketed when altcoin was added
The on-chain data monitoring tool now supports Polygon, which means users can monitor activities in the ecosystem. Tom Tirman, CEO of PARSIQ, said about the update:
PARSIQ is pleased to offer Polygon users our suite of products such as “Smart Trigger” and wallet TRACKR, allowing automations triggered by real-time on-chain activity, and providing advanced security services. We share a common goal with Polygon to develop and expand blockchain technology and are excited about the potential of this ongoing partnership.
PARSIQ’s main claim is “Smart Trigger” contracts that can be used to collect blockchain data. These contracts act as a bridge between on-chain and off-chain data. They can be used to trigger real-world actions based on the PARSIQ product “Smart Triggers” blockchain event. “Smart Trigger” is currently available on Bitcoin, Ethereum, Solana and Binance Smart Chain.
The expansion to Polygon comes in the midst of a period of high activity in the network. The Ethereum scaling solution has seen parabolic growth this year. Several Ethereum-native DeFi applications were launched on the network earlier this year, among them Curve Finance and Aave, with generous liquidity mining rewards. This encouraged users to migrate to the network and helped raise the price of its native token MATIC. Polygon has also expanded in recent weeks by adding a new ZK-Rollup solution to help scale Ethereum at Tier 2.