The Polygon (MATIC) token achieved a new all-time high of $0.25 on July 22, 2025, marking a significant milestone for the Ethereum scaling solution. This development was highlighted by Viktor Bunin, a prominent figure in the blockchain space, who celebrated the achievement on social media. Bunin, who serves as a Protocol Specialist at Coinbase Cloud and is a co-founder of venture firm Credibly Neutral, posted, > "This chart is exactly what you want to see. Congratulations to the team on their incredible progress!!!"
The surge in MATIC's value reflects growing confidence in Polygon's ecosystem and its ongoing technical advancements. Polygon Labs has been working on a scalability upgrade, including the planned migration of the MATIC token to POL, which aims to unify staking across multiple Polygon chains. This strategic move is designed to enhance the network's efficiency and user experience.
Coinbase Cloud, where Bunin leads protocol operations, plays a crucial role in the broader crypto staking landscape. As of March 2025, Coinbase was reported as the largest node operator on the Ethereum network, controlling 11.42% of all staked Ether. The overall crypto market saw a rebound in Q2 2025, with the total market capitalization reaching $3.3 trillion, further buoyed by Ethereum's Pectra upgrade which improved staking and scaling capabilities, leading to 35.5 million ETH (29.4% of supply) now being staked.
The "incredible progress" cited by Bunin underscores the positive momentum within the decentralized finance (DeFi) and blockchain infrastructure sectors. Credibly Neutral, Bunin's venture capital firm, focuses on supporting foundational technology in the crypto ecosystem, aligning with the advancements seen in projects like Polygon. The continued evolution of scaling solutions and staking services remains central to the industry's growth and adoption.