Author Archives: BSCN NEWS REPORTS

Polygon zkEVM’s Milestones: 5 Months of Impressive Progress Polygon’s zero-knowledge rollup, known as zkEVM, has achieved significant milestones in various metrics just five months after its successful mainnet launch in March 2023. However, it faces strong competition from emerging zk-rollup alternatives. According to Polygon’s team, zkEVM’s growth has been remarkable in terms of organic expansion.[Read more…]

Achievements of Polygon zkEVM Polygon zkEVM, a cutting-edge layer 2 solution, has marked a significant milestone as it completes five months since its deployment. The rollup has consistently achieved new all-time highs in various metrics, such as unique addresses and daily transactions. This remarkable growth underscores its increasing adoption and usage within the cryptocurrency ecosystem.[Read more…]

The Continuing Decline of Polygon (MATIC) Price The price of Polygon (MATIC) continues to experience a downward trend. Despite recent positive developments in Korea and strong data from the NFT market, the price remains on a decline. Since reaching its yearly high of $1.56 on February 13, the MATIC price has fallen by 60%, currently[Read more…]

The Partnership Between Polygon Labs and SK Telecom The blockchain company behind MATIC, Polygon Labs, has joined forces with South Korean mobile giant SK Telecom in an exciting collaboration. The primary goal of this partnership is to foster the development of Web3 ecosystems and to identify and support promising startups through incubation. The official agreement[Read more…]

Polygon Labs and SK Telecom Collaborate for Web3 Development Polygon Labs, in partnership with South Korean telecom giant SK Telecom, is embarking on a Web3 collaboration with the aim of creating a robust Web3 ecosystem and providing support to promising ventures that hold investment potential. The collaboration brings together Polygon Labs, the blockchain company behind[Read more…]

Polygon Labs and its Contribution Polygon Labs is the operator of the Polygon blockchain network, which is critically acclaimed for its superior blockchain performance, scalability, Ethereum compatibility, and more. The firm is also well-known for its engagement with various global enterprises and Web3 projects. “Polygon Labs has developed optimal blockchain technology for the popularization of[Read more…]

The Cryptocurrency Market Landscape The cryptocurrency market has become a hub of innovation and controversies. This is a result of the disruptive nature of blockchain and cryptocurrencies, challenging traditional financial systems and power structures. Recent news regarding Polygon Labs’ accusations against Matter Labs for code copying has created turmoil within the developer community. Matter Labs’[Read more…]

In a Remarkable Milestone: Crossing $20 Million in Minting Volume In a significant achievement, the minting volume of Polygon-based Reddit Collectible Avatars has soared past the remarkable $20-million mark. At the time of writing, this collection is proudly held by more than 16 million users. Polygon’s Strong Presence in NFT Sales Polygon has firmly established[Read more…]

Reddit NFT Sale Surpasses $40M Real-time data gathered by Dune Analytics reveals that the cumulative sales of Reddit NFTs have increased, reaching a record high of $40,554,135. Similarly, the volume of Collectible Avatars has surpassed a remarkable 20.3 million, as recorded within the past 24 hours. Moreover, the number of holders of these distinctive NFTs[Read more…]

Polygon 2.0: Potential Game-Changer for MATIC Polygon’s network growth has experienced a recent slowdown, but the launch of Polygon 2.0 holds the promise of significant changes for both the network and MATIC in the upcoming months. Decline in Network Fees and Revenue Over the past few weeks, Polygon’s network fees and revenue have seen a[Read more…]