Polygon [MATIC] recently reached a new milestone in terms of decentralized exchange (DEX) volume. It crossed $50 billion in DEX volume over the last 12 months, according to a tweet on 11 January. However, despite reaching this watershed number, DEX volume on Polygon declined over the last few months, according to data from Dune Analytics. This[Read more…]
Category Archives: Polygon news
The developers at Polygon PoS blockchain proposed the launch of a hard fork software upgrade to address gas spikes and enhance the security of blocks on the sidechain network. The upgrade, proposed by the developers at Polygon Labs, is planned to take place on Jan. 17, according to a note shared with The Block. If[Read more…]
In a digitized economy, security is one way to ensure that your digital assets are safe. Shiba Inu was recently examined by security analysis company CertiK. According to a recent tweet, the memecoin ecosystem ranked No. 2 in its Security Leaderboard with a score of 93, only behind Polygon which has a score of 95. Shiba Inu has[Read more…]
In response to the overall downtrend in the crypto market, the Polygon coin price restricted its bullish growth and walked a sideways trend for the past six months. However, during this consolidation, the price rebounded from the $0.76 support multiple times, validating this level as a high accumulation zone. Therefore, using the aforementioned level as[Read more…]
Transaction Per Second is a metric used to asses the number of maximum transactions that can be execucted on a blockchain network. Transactions Per Second (TPS) is a metric that records how many transactions a blockchain network can process in a second. This measurement helps to assess the transaction speed of a network. TPS also measures transaction[Read more…]
Decentralized social media protocol Lens has released a new feature, “token-gated publications,” for creators to monetize their content by providing access only to members who hold certain tokens in their crypto wallets. The token gated content is available through Lens’ application programming interface (API). It’s powered by LIT Protocol — a crypto mechanism that lets authors and publishers[Read more…]
The crypto market has evolved from the unending devastating bear market to a more green and overwhelming market. Cryptocurrencies are moving from the initial stagnant, and lower lows state to a rallying to the top. Among the number of cryptocurrencies moving upward and making significant higher highs is Bitcoin, the largest crypto by market cap.[Read more…]
As noted in 2022, Polygon (MATIC) has managed to make important strides in the cryptocurrency market. In addition to partnerships that have marked the history of Layer 2, it has managed to establish itself as the leading scalability network for Ethereum (ETH). All the developments of the past year have earned Polygon a place in[Read more…]
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ConsenSys, the blockchain infrastructure platform behind Metamask and Infura, opened a private beta testnet for a new scaling and privacy technology called zkEVM that’s built on top of Ethereum. ConsenSys is using the testnet to explore the potentially disruptive technology that could improve Ethereum’s speed and transaction costs by over 100x. ZkEVM stands for zero-knowledge Ethereum Virtual Machine.[Read more…]