Category Archives: Polygon news

The blockchain game of musical chairs doesn’t appear to be slowing down. Synergy Land, a web3 action role-playing game currently in development, announced it will move from the Solana blockchain to Polygon.   While Synergy Land is a relatively small and unknown project, the game’s move to Polygon adds to a growing list of gaming and[Read more…]

To help transfer Synergy Land’s resources onto the EVM chain, Xternity proposed a process — via its network migration tool — that can be used to migrate games or projects across chains. Ethereum layer-2 scaling solution Polygon, joined hands with Xternity, a Web3 gaming development platform, to migrate and onboard a multiplayer Web3 game — Synergy Land — to the[Read more…]

Crypto investment firm HashKey Capital has closed its third fund by raising $500 million. The fund comes as the industry is reeling under pressure from recent collapses and the bear market. Dubbed HashKey Fintech Investment III, the fund targets investments across crypto areas, with a focus on infrastructure and application builders, the firm announced on[Read more…]

Layer 2 solutions in the crypto market have been showing improvements despite the market seeing turbulence. One of the L2 solutions that have shown great promise is Optimism. According to Dune Analytics, transactions on Optimism grew substantially over the past few days. One of the key areas of growth has been the number of ERC-20 transactions[Read more…]

Following the heavy market crash late last year, the crypto landscape has been on a steady path to recovery, with the altcoins leading the way. Solana(SOL) is one of these many altcoins, and it has kicked off the weekend with an explosive start.  According to data by CoinGecko, SOL has gained 40% in the last 24 hours,[Read more…]

MATIC price started a fresh increase from the $0.80 support zone. Polygon bulls are now aiming a another increase above the $1.05 resistance zone. Polygon’s MATIC Price Eyes More Upsides This past month, polygon’s price declined below the $0.80 support zone. MATIC even broke the $0.75 support zone and the 100 simple moving average (4-hours).[Read more…]

Polygon [MATIC] displaced Solana [SOL] off the 10th position on the market capitalization standings according to information from CoinMarketCap. The ousting happened despite SOL recording more than two times MATIC’s gains in the last seven days. While MATIC’s value rose 20.47%, SOL increased by 45.49%. At the time of writing, Polygon’s market cap was over $9 billion, beating Solana’s[Read more…]

Ethereum scaling solution, Polygon, will undergo a hard fork to its proof-of-stake (PoS) blockchain to address gas spikes and chain reorganization. The proposed hard fork is set to take place on January 17. Fork Will Address Gas Fees And Reorgs Polygon, an Ethereum scaling project announced in a blog that it will undergo a software upgrade to[Read more…]

Immutable X exclusive games raised around $300 million, while Immutable X-based multichain games collected over $600 million in 2022. Immutable X (IMX) games raised the most significant amount in Web3 funding in 2022, according to a recent report by Delphi Digital. Immutable X exclusive games and Immutable X-based multi-chain games received roughly $300 million and over $600[Read more…]

The once-heralded “solana killer” has bounced back, briefly bumping Polygon out of the top ten. After collapsing more than 80 percent over the course of last year, Solana is having a stellar in 2023. The price of SOL has more than doubled this month, rising more than 58 percent to $23.70 in the last seven[Read more…]