Category Archives: Polygon news

Silvergate Citadel crypto news: Citadel Securities, which already owns stake in the US bank, could come to the rescue of crypto market. Silvergate Citadel crypto news: Amid all the FUD around potential bankruptcy risk around Silvergate Capital, Citadel Securities, which already owns stake in the US bank, is rumored come to the rescue. It would[Read more…]

DeFi protocol Aave community plans deployment of its Aave v3 MVP on the Polygon zkEVM mainnet to establish an early strategic presence. Decentralized finance (DeFi) protocol Aave community plans deployment of its Aave v3 MVP on the Polygon zkEVM mainnet to establish an early strategic presence on the new network. Marc Zeller, popular Aave DAO[Read more…]

Aave, a decentralized lending protocol, is considering deploying a minimum viable version (MVP) of Aave version 3 on Polygon’s upcoming zkEVM Layer 2 network. Marc Zeller, the founder of Aave-Chan Initiative and an Aave protocol delegate, submitted this proposal to establish Aave’s presence on Polygon’s zkEVM network soon after its mainnet beta launch on March 27. The[Read more…]

Polygon [MATIC] has shown high activity on its network over the past few months. One reason for the same, as stated by Artemiz on 28 February, would be the increasing gaming interest on the network. Let the games begin According to the data, gaming was responsible for 23% of all transactions made on the Polygon network.[Read more…]

With the aid of ZK Proofs, Polygon launched a Web3 identity service that can verify user credentials without disclosing personal information. Ethereum’s leading sidechain, Polygon (MATIC), has recently launched Polygon ID, a web3 identity service that enables applications built on blockchain technology to validate user credentials without risking personal data. The Polygon ID self-sovereign identity infrastructure stack will[Read more…]

Chainlink [LINK], the decentralized oracle network announced the launch of a new platform called the “Chainlink Functions.” According to the project, this new side of its chain would enable developers to connect smart contracts with existing APIs via its network.  For a while, Chainlink has repeatedly mentioned that it aimed to onboard more developers into the crypto[Read more…]

The Polygon network and Mercy Corps Ventures partnership target underserved communities in blockchain awareness and education initiatives. Blockchain technology continues to make its way into mainstream view, as many companies adopt it as a part of their operations. With the push for adoption comes the simultaneous need for more education about the technology.  Advertisement Stay safe in Web3.[Read more…]

Polygon has announced the open-source release of its decentralized identity solution dubbed Polygon ID. This release comes with a vast array of improvements for developers.  Ethereum layer-2 scaling solution, polygon (MATIC) has successfully unveiled the open-source version of Polygon ID, its decentralized identity solution, unlocking several important features for users. It will be recalled that[Read more…]

1. What is QuickSwap? QuickSwap is a layer-2 decentralized application built on the Polygon blockchain allowing users to swap ERC-20 tokens. Decentralized exchanges (DEXs) are blockchain-based applications that form the fundamental cornerstones of the growing suite of decentralized finance (DeFi) tools. The QuickSwap DEX uses an automated market maker (AMM) model for users to swap tokens. It was founded[Read more…]

Decentralized oracle network Chainlink has announced the launch of a new developer platform, christened Chainlink Functions. The platform aims to connect Web 3.0 applications with traditional cloud software.  Chainlink Functions will include support for integrations with Amazon Web Services (AWS) and Meta.  Decentralized platform Chainlink has announced the launch of a new developer platform to[Read more…]