Category Archives: Polygon news

Polygon (MATIC) Price Analysis: DeFi Stakers Looking for Greener Pastures? Polygon (MATIC) price is now down 45% from its 2023 peak recorded on April 18. On-chain data shows how investors have been withdrawing funds from the Polygon (MATIC) ecosystem since Ethereum’s Shanghai Upgrade was completed. Will this lead traders to make more bearish MATIC price[Read more…]

Franklin Templeton Launches US-Registered Fund on Blockchain with Polygon Leading asset manager Franklin Templeton, overseeing $1.4 trillion worth of assets on behalf of its clients, has revealed that one of its funds is now supported on the Polygon blockchain. According to the announcement, the Nasdaq-listed OnChain US Government Money Fund (FOBXX) is the first US-registered[Read more…]

Reddit AMA Highlights Gaming Opportunities in Crypto, According to Polygon Co-Founder Polygon co-founder Sandeep Nailwal took to Reddit to respond to a bunch of questions and expressed an opportunistic future for crypto in the gaming sector. Polygon, a Layer 2 network built on Ethereum, has grown in gaming with the recent announcement of scalable web3[Read more…]

Polygon Price Breaks Down From Long-Term Structure The Polygon (MATIC) price has decreased considerably since the end of February. It invalidated a long-term structure during its fall. The readings from both long- and short-term timeframes are still bearish. As a result, the downward trend is expected to continue without a bounce. Polygon Price Breaks Down[Read more…]

The Uniswap Community Supports Proposal for Uniswap Launch on Polygon zkEVM The Uniswap community has fully supported a proposal to deploy the exchange’s protocol to the Polygon Zero Knowledge Ethereum Virtual Machine rollup (zkEVM). All participating UNI token holders unanimously voted on the proposal, paving the way for a large list of projects to be[Read more…]

Introduction According to the most recent statistics provided by Ryan Wyatt, president at PolygonLabs, Polygon has quickly become the most widely used blockchain in 2023. While Wyatt was disseminating the information, he said that the Polygon team is working on long-term protocol plans to give every developer in their community more autonomy. Polygon Surpasses Ethereum[Read more…]

Introduction According to the most recent statistics provided by Ryan Wyatt, president at PolygonLabs, Polygon has quickly become the most widely used blockchain in 2023. While Wyatt was disseminating the information, he said that the Polygon team is working on long-term protocol plans to give every developer in their community more autonomy. Polygon Surpasses Ethereum[Read more…]

Top Blockchain Teams and Venture Funds Launch $50 Million Cross-Chain Ecosystem Fund Leading blockchain teams and venture funds, including the Algorand Foundation and Arrington Capital, have joined forces to establish a $50 million cross-chain ecosystem fund. Managed by Borderless Capital, this fund aims to support and nurture startups leveraging the Wormhole cross-chain messaging protocol. The[Read more…]

Polygon zkEVM Optimizations to Reduce Fees Polygon zkEVM, a layer-2 scaling solution, will undergo optimizations in the following weeks, drastically reducing costs by about 20%, even without data compression. This change should make the platform more cost-effective and convenient for its users. A recent Twitter conversation, however, highlighted that users already have access to tools[Read more…]

Horizon’s Sequence Unveils Web3 Platform Launching on Polygon Supernets Horizon Blockchain Games and Polygon Labs have announced a strategic partnership designed to revolutionize web3 infrastructure with an integration of Sequence, Horizon’s comprehensive web3 developer platform, into Polygon Supernets. The collaboration is aimed at promoting scalability, security, and improved user experience within the platform. The introduction[Read more…]