Category Archives: Polygon news

The Impact of Macroeconomic Headwinds The crypto markets continue to face significant challenges due to macroeconomic headwinds. Among the hardest hit is Polygon (MATIC), which recently dropped to January levels, erasing most of its gains from Q1 2023. Current Market Conditions As of the time of writing, MATIC is trading at $0.8582, well below its[Read more…]

The Crypto Market in the Red The crypto market enters the second week of May in red as macro headwinds persist. In particular, Polygon [MATIC] sustained about 7% losses in the past seven days, according to CoinMarketCap. In the past 24 hours, the altcoin shed off over 4.5% and traded at $0.8924 at the time[Read more…]

Ethereum vs Polygon: Interdependency and Price The close relationship between Ethereum [ETH] and Polygon [MATIC] benefits both ecosystems. One is a main blockchain network bogged down by scalability issues, while the other is a scaling solution – a perfect match made in heaven. But to what extent does this relationship and mutual inclusivity affect their[Read more…]

Polygon NFTs: Exploring Developments and Impact on MATIC Polygon [MATIC] has made significant advancements in the DeFi and zkEVM space, attracting a large user base to its protocol. In addition to DeFi, NFTs have played a crucial role in Polygon’s development. New NFT Collections on Polygon The interest in Polygon’s NFTs is expected to grow[Read more…]

Understanding Ethereum’s High Gas Fees The debate surrounding Ethereum’s high gas fees has been a major pain point for users of the network. However, the recent spike in gas fees can be attributed to the hysteria surrounding the PEPE memecoin, which has once again put tremendous pressure on the Ethereum network. Traders are now finding[Read more…]

Introduction Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. World App: A Gas-Free Crypto Wallet with Human Identity Verification On Monday, Worldcoin rolled out World App, the gas-free crypto wallet that verifies human identity using zero-knowledge proofs. After the app,[Read more…]

Polygon [MATIC] Approaches Range Lows: What Traders Can Expect Next Polygon [MATIC] enjoyed a fantastic start to the year, recording a gain of 108.9% between 1 January and 18 February. However, a significant correction flipped its market structure from bullish to bearish. Prices traded sideways between mid-March to mid-April before a Bitcoin correction sent MATIC[Read more…]

Polygon’s NFT Space Witnesses Decline Over Last Seven Days Over the last week, Polygon’s [MATIC] NFT space experienced a decline in trade count and sales volume. According to Santiment’s chart, the total NFT trade count went down sharply. Additionally, CRYPTOSLAM’s data showed a marginal decline in NFT sales volume. A Closer Look at Polygon’s NFT[Read more…]

Neowiz Launches $10M Gaming Accelerator for Polygon-based Web3 Games South Korean game publisher Neowiz, through its crypto subsidiary Intella X, has introduced a new $10 million gaming accelerator aimed at funding the next generation of Web3 games on Ethereum scaling network Polygon. The accelerator fund was created in partnership with Polygon Labs to bring Web3[Read more…]

Credibly Neutral Raises $5.5 Million in Funding Round Credibly Neutral, a newly established crypto venture capital firm, has raised $5.5 million in a funding round from a group of investors, including the co-founders of Solana and Polygon blockchains, as well as the investment firm of Joe Lubin, co-founder of Ethereum and founder of ConsenSys. The[Read more…]