Author Archives: BSCN NEWS REPORTS

Innovating with DPEX Aggregator Mode on Polygon zkEVM Chain In our continuous quest for excellence and innovation, we are thrilled to announce a major milestone in our journey: DPEX is now live in “aggregator mode” on the Polygon zkEVM chain. By leveraging liquidity from other prominent perpetuals on the zkevm chain, including Quickswap, DPEX ensures[Read more…]

Introduction Deribit, a leading cryptocurrency exchange, is gearing up to introduce options trading for Ripple (XRP), Solana, and Polygon (MATIC) starting from January 2024. This move is expected to bring significant changes to the crypto market, injecting much-needed volatility and expanding investment opportunities for market participants. Anticipating Volatility with New Options Despite the current lack[Read more…]

In the Dynamic Landscape of Blockchain: Polygon Prepares for 2.0 In the rapidly evolving world of blockchain and cryptocurrency, Polygon is gearing up to usher in a transformative era with the highly anticipated Polygon 2.0. At the heart of this evolution are the POL contracts and a suite of Polygon Improvement Proposals (PIPs) that define[Read more…]

Polygon’s AA Users: Driving Network Activity and Growth Polygon, a leading blockchain platform, witnessed a significant surge in network activity in September, primarily attributed to the rise in Account Abstraction (AA) users. But what exactly is the connection between AA users and Polygon’s growing numbers? Understanding Account Abstraction (AA) Accounts Polygon’s AA addresses experienced a[Read more…]

Polygon’s Leadership Exodus Polygon, a leading Ethereum layer-2 scaling solution, has recently witnessed a series of departures among its top leadership. The decreasing value of MATIC, Polygon’s native token, has raised concerns among investors, hinting at potential internal challenges within the organization. The frequent departures of high executives from Polygon have left many wondering about[Read more…]

The Genesis of Polygon: A Collaborative Innovation Collaborating with software virtuosos including Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic, Kanani laid the foundational keystones of the Matic network in 2017. This entity later transformed into the renowned Polygon. Nailwal expressed deep emotions about the journey, acknowledging the uncharted territories traversed and Polygon’s nascent stage. Polygon’s[Read more…]

Polygon in a Rough Patch: Departure of Co-Founders The cryptocurrency world is abuzz with news as Polygon, a significant player in the blockchain space, faces a challenging period. This recent development comes as Jaynti Kanani, one of the key figures behind Polygon, bids farewell, adding to the list of departed co-founders. Polygon, Another Co-Founder Bids[Read more…]

MATIC Price Decline Despite Polygon 2.0 Upgrade MATIC, the native cryptocurrency of Polygon, has experienced a persistent bearish trend despite the much-anticipated Polygon 2.0 upgrade. This decline can be attributed to profit-taking activities by investors and hesitancy among derivative investors. Factors Contributing to MATIC’s Price Decline MATIC/USD Technical Analysis On the MATIC/USD price chart, the[Read more…]

Introduction On June 10, Polygon’s cryptocurrency value exceeded $0.50 and then experienced a fall. Bulls managed to push the price up to $0.89 by buying the dips. However, the price was prevented from falling below $0.58, giving bears the upper hand. Current Price Range Buyers are currently struggling to break the barrier at $0.58 to[Read more…]

Polygon (MATIC) Resurgence and Price Analysis Polygon (MATIC) is experiencing a significant bounce back due to major progress in Polygon 2.0 proposals and a surge in whale MATIC transactions. This has led many to wonder if it’s the right time to invest in Polygon. The resurgence is attributed to the unveiling of PIP governance proposals[Read more…]