Category Archives: Polygon news

The price of testnet ether on the Goerli testnet spiked to $1.60 on Feb. 25 as traders speculated on a token that’s supposed to be worthless. Last week, cross-chain platform LayerZero created a way for Goerli’s testnet ether to be traded and swapped between the Ethereum mainnet and the Goerli testnet. The idea was to create a[Read more…]

According to recent data provided by Delphi Digital, it was observed that Arbitrum overtook Polygon in terms of Gains Network usage. Well, Gains Network, is a decentralized leverage trading platform. As dApps continue to get drawn to various L2s, it could impact the overall dominance of Polygon in the DeFi space. According to Dapp Radars data, the volume[Read more…]

With Bitcoin at an interesting crossroads this week, it is imperative to look at all the contributing factors that could influence the market’s trajectory, especially the launch of a new Ethereum Layer-2 network. Let’s find out more.  Bitcoin  Bitcoin is facing fortress resistance made up of the 200 weekly MA and the last high reached in August[Read more…]

Polygon [MATIC] has given up over three-quarters of its gains from the mid-February rally. It faced a critical test as it dropped to its multi-week ascending trendline. While the recent price rejection at $1.55 caused a 20% depreciation, there was still hope for bulls if Bitcoin [BTC] maintained the psychological level of $23k. Can the ascending line check[Read more…]

Polygon [MATIC] recently made a major announcement that will likely increase the network’s capabilities and offerings. The blockchain has partnered with Eclipse to launch a new software that will allow Solana apps to migrate to Polygon or go multichain.  But the question is- Why should an investor care about this partnership? Well, to answer that we[Read more…]

No week in crypto goes by without eye-catching headlines. This past week saw the birth of a new scaling blockchain from Coinbase, Jump recovering $140 million worth of stolen assets from its Wormhole bridge hacker, new indictment charges for FTX founder Sam Bankman-Fried and layoffs at two major blockchain firms. Here are the details on[Read more…]

Polygon [MATIC] took a cue from Bitcoin [BTC] and traded in range on Friday. BTC oscillated in the $23.76 – $24.20k range, while MATIC consolidated between $1.3527 and $1.4036. MATIC leaned on the lower range boundary at press time but could offer a market entry for bulls if this support becomes steady.  Can the $1.3405 level offer bulls[Read more…]

An audit-upgraded testnet for Polygon zkEVM will be available next week.  Why another testnet? Well, last week, Polygon Labs announced the launch date for Polygon zkEVM Mainnet Beta. (It’s March 27!) The security audit of Polygon zkEVM, which has been ongoing since December, provided some meaningful improvements that Polygon Labs wanted to make available to […] The post The Audit-Upgraded Testnet for Polygon zkEVM first appeared on Polygon | Blog.
The post The Audit-Upgraded Testnet for Polygon zkEVM appeared first on Polygon | Blog.

The collapse of crypto exchange FTX not only shook people’s trust in centralized crypto exchanges to the core but also triggered an exodus from exchanges. Glassnode data shows that during the month of the FTX meltdown, crypto asset owners withdrew a record amount of Bitcoin from exchanges. Deemed “the biggest year ever for crypto hacking” by Chainalysis, 2022[Read more…]

On Wednesday, Polygon experienced a blockchain quirk affecting 157 blocks or approximately five minutes worth of network activity. After blocks appeared to have stopped being produced for several minutes, the Ethereum side-chain’s co-founder Sandeep Nailwal tweeted that (block explorer) Polygonscan was “having some issues.” In actual fact, the interruption was down to a chain reorganization or ‘reorg’,[Read more…]