Author Archives: BSCN NEWS REPORTS

X1: Empowering Web3 Access with OKX and Polygon CDK X1, powered by OKX and Polygon CDK, offers a scalable solution for developers, fostering Web3 innovation and user engagement. The integration of OKB as X1’s native token aims to streamline transactions while bolstering the network’s functionality. OKX’s strategic investment in Polygon CDK marks a significant step[Read more…]

OKX Unveils X1: A ZK Layer-2 Network in Collaboration with Polygon Labs OKX, a leading global cryptocurrency exchange and Web3 ecosystem, has partnered with Polygon Labs, a prominent international blockchain software technology company, to introduce the testnet for ‘X1.’ This Ethereum-based Zero Knowledge (ZK) Layer-2 (L2) network, crafted using the Polygon Chain Development Kit (CDK),[Read more…]

A Long-Term Bullish Outlook A popular crypto trader, known as Rekt Capital, has expressed a long-term bullish outlook on the blockchain scaling solution Polygon (MATIC) and two additional altcoins. The pseudonymous digital asset analyst informed his 368,100 followers on the social media platform X that MATIC is “on the cusp of entering a new macro[Read more…]

The Launch of Polygon ID Release 5 The Polygon network’s digital identity protocol, Polygon ID Release 5, has officially launched, marking a pivotal advancement in the decentralized identity ecosystem. This latest release introduces features to amplify the quantity and diversity of credentials available, underscoring Polygon’s commitment to fostering a robust decentralized identity landscape. Polygon ID[Read more…]

The MATIC Price Surge Amidst Bitcoin Struggles As Bitcoin faces challenges in surpassing the $38,000 barrier, a pullback phase slows momentum in the altcoins market. Surprisingly, MATIC’s price continues to rise, approaching the psychological mark of $1. Driving the year-to-date growth to 26%, the Polygon chart reveals a trend reversal, providing new entry points for[Read more…]

Overview According to Nansen’s data, Polygon has experienced “consistent growth” in the last quarter. Key Highlights One of the key highlights in the report, published by a blockchain data platform Nansen, showed that daily transactions for Q3 2023 peaked at 2.8 million transactions. User Base Stability As per the data, daily active addresses on the[Read more…]

Whale Activity Propels Polygon MATIC’s Growth Recently, Polygon MATIC’s native coin has witnessed a remarkable surge in whale transactions over the past 30 days, contributing to substantial growth in both the digital asset’s value and the overall ecosystem. Whale transactions, classified as transactions exceeding $100,000, have notably increased within the Polygon network by an astonishing[Read more…]

Ryan Wyatt Joins Optimism Ryan Wyatt, the former President of Polygon Labs and head of YouTube Gaming, is set to play a key role in supporting the adoption of the Ethereum scaling network. After four months since his departure from Polygon Labs, Wyatt is joining the team at Optimism. On Monday, it was announced that[Read more…]

The Rally of Polygon Network and MATIC Price The Polygon network is showing strong momentum as the price of MATIC approaches $0.90, marking a 7% increase. On the monthly chart, MATIC has broken out of a downward trend channel and entered a major macro uptrend. Institutional and Whale Participation MATIC has joined the altcoin market[Read more…]

Kraken’s Exploration of Layer 2 Networks Kraken, a prominent U.S. cryptocurrency exchange, is considering a strategic entry into the realm of layer 2 networks, following the footsteps of its competitor Coinbase earlier this year. The exchange is currently evaluating various blockchain developers, including Polygon, Matter Labs, and the Nil Foundation, as potential partners in crafting[Read more…]