Author Archives: ambcrypto.com

According to a tweet on 1 January, it was observed that Arbitrum managed to out-compete other L2s, such as Polygon and Optimism in terms of TVL. However, Optimism still managed to dominate the L2 space in other areas. Moreover, according to DeFi Llama, Optimism’s TVL declined from $540 million to $500 million in the last 30 days. This decline in TVL[Read more…]

2022 was a great year for Polygon and MATIC as far as partnerships and developments are concerned. The only letdown was the bearish market conditions. But can 2023 turn out more favorable on multiple fronts? The good thing is that Polygon can continue building on the achievements that it made last year. One particular development that may[Read more…]

Since 28 December, Polygon [MATIC] has experienced several price rejections at $0.7652. In addition, Bitcoin’s [BTC] recent sideways market structure has also prevented the altcoin market from moving higher. MATIC has since fallen and broken through several support levels, as BTC’s trading range has undermined trading volume. At press time, MATIC was trading at $0.7675 and was on the[Read more…]

Amid the crypto winter, Polygon [MATIC] has been showing signs of recovery. As per CoinMarketCap, MATIC’s price increased by nearly 2% over the last seven days. At the time of writing, it was valued at $0.8121 with a market capitalization of more than $7 billion.  Investors can rejoice As per CryptoQuant, MATIC’s Relative Strength Index (RSI) was in[Read more…]

Leading NFT marketplace Magic Eden took a step further in its multi-chain expansion as it announced support for non-fungible tokens (NFT) minted on Ethereum scaling layer-2 blockchain Polygon.  While native to the Solana blockchain, Magic Eden commenced its cross-chain expansion in August when it launched its launchpad and aggregator on the Ethereum blockchain. On the decision to[Read more…]

Sandeep Nailwal, the co-founder of Polygon [MATIC], recently posted an update regarding Polygon’s zkEMV. According to Sandeep, the zkEVM recently crossed the 14,000 transaction mark, that too without downtime. This was a significant development for the blockchain. Moreover, the address count also went up and to reach a number that surpassed 5,900.  However, these Polygon achievements didn’t reflect[Read more…]

Kraken, one of the world’s most popular crypto exchanges, recently announced that it had integrated Polygon [MATIC] on its platform. With this new development, users can send and receive MATIC natively on the Polygon network. This could add supplementary value to the blockchain Furthermore, Sandeep Nailwal, the co-founder of Polygon, expressed his views about games on Twitter[Read more…]

The past week has been very volatile for MATIC, the native token of Ethereum’s most popular scaling solution Polygon. On 8 November, the token saw its 6-month high of $1.28, which was followed by a 37% decline the very next day thanks to the turmoil caused by FTX’s solvency concerns. Blockchain analytics firm Santiment shed light on some[Read more…]

Polygon [MATIC] again became a hot topic in the community as it ranked third on the list of top DeFi projects in terms of revenue in the last 24 hours, only behind Uniswap [UNI] and QuickSwap [QUICK].  Despite the growth in revenue, Polygon’s DeFi space did not look quite optimistic as its total value locked (TVL)[Read more…]

Following Nike’s announcement of .SWOOSH on 14 November, Polygon [MATIC], in a tweet, confirmed that the leading sports brand had selected it as a partner to build its web3 experiences.  In Nike’s announcement blog post, .SWOOSH is the “home for all of Nike’s virtual creations,” made up of interactive digital objects such as virtual shoes and jerseys[Read more…]