Author Archives: BSCN NEWS REPORTS

Examining Polygon’s On-Chain Data Over the past three months, the fundamental network statistics of Polygon (MATIC) have shown signs of flattening, indicating a potential slowdown in its growth trajectory. Even the captured value of the blockchain has experienced a partial decline in recent weeks. However, with an upcoming major blockchain update in the works, the[Read more…]

Incredible Growth: Reddit NFTs on Polygon Soar by 92% In an exciting turn of events within the Reddit community, non-fungible tokens (NFTs) originating from Reddit and residing on the Polygon blockchain have experienced a remarkable surge of 92% over the course of the past three weeks. Milestones and Data Insights Data meticulously gathered by Dune[Read more…]

Marketplace Comparison Breaking down the volume across various Polygon-based NFT marketplaces reveals intriguing insights: WETH vs Matic The NFT trading landscape on Polygon-based marketplaces presents an interesting distribution: Out of the trading volume, more than 59% occurred through Wrapped Ether (WETH), amounting to $7.5 million, while Matic accounted for $5 million in trading over the[Read more…]

Redditors Mint Over 20 Million NFT Avatars on Polygon Reddit’s NFT initiative on the Polygon network has reached a remarkable milestone, with users having minted more than 20 million NFT avatars. This achievement underscores the project’s growing popularity within the crypto community. Cumulative Sales Volume Surpasses $40 Million The success of Reddit’s Collectible Avatars NFT[Read more…]

Uptick in On-Chain Activities on Polygon There is a noticeable increase in on-chain activities within the Polygon ecosystem. This trend is particularly evident as various projects, including those in decentralized finance (DeFi) and artificial intelligence (AI) domains, such as Borroe, strategically position themselves on the Ethereum sidechain. This move leverages enhanced scalability and reduced transaction[Read more…]

Polygon Price Analysis The daily price chart of Polygon (MATIC) illustrates a reverse V-shaped drop from $0.89, indicating strong selling pressure and predicting significant declines in a short span. The MATIC price has recently hit the support level of $0.64, experiencing a 27% drop over the past month due to this intensified selling pressure. The[Read more…]

Introduction As Ethereum expanded and onboarded a massive number of users, the need to handle a higher volume of transactions while maintaining efficiency became a pressing concern. The current transaction throughput of Ethereum often leads to network congestion, a stiff blow to user experience. To address this scalability challenge, developers and researchers have been exploring[Read more…]

Binance, a crypto exchange, is removing perpetual contracts for Cardano (ADA) and Polygon (MATIC) as part of its efforts to streamline its product offerings. Perpetual contracts allow traders to bet on the future price of an asset without owning it. Binance’s decision to end perpetual contracts for ADA and MATIC may stem from low trading[Read more…]

The Rise of Borroe ($ROE) in the Cryptocurrency Market The cryptocurrency market is known for its volatility, where tokens often experience fluctuations in demand and trading volumes. In recent times, both Polygon (MATIC) and Polkadot (DOT) have faced challenges with their trading volumes, prompting investors to explore alternative options that offer promising potential. Discovering the[Read more…]

Innovating the Crypto Landscape: Polygon’s Governance Model In the ever-changing world of cryptocurrencies, the intersection of technological advancements and robust governance structures is paramount for success. Polygon, previously known as Matic Network, has recently captured the crypto community’s attention with its groundbreaking governance model, resulting in soaring demand for its native token MATIC. Borroe Finance’s[Read more…]