Category Archives: Polygon news

What is Polygon? Polygon is a suite of scaling solutions designed to empower developers to create decentralized applications (dapps) with high throughput, low transaction fees, and quick finality. By redirecting transactions from the Ethereum mainnet to a sidechain, a blockchain that operates in parallel with Ethereum, and a distinct Layer 2 zkEVM network, Polygon processes[Read more…]

Quick Take Polygon Labs co-founder Sandeep Nailwal has proposed a groundbreaking initiative for the ApeCoin DAO. The proposal involves the development of an Ethereum Layer 2 network called “ApeChain” using Polygon’s Chain Development Kit (CDK). This dedicated Layer 2 network, along with a substantial $3.35 million development fund from the ApeCoin DAO treasury, aims to[Read more…]

Competition Between Polygon and Optimism: Celo’s Layer-2 Solution Competition is heating up between Polygon and Optimism as they seek to offer solutions for Celo as it transitions into a layer-2 network. On that note, $MATIC and $OP are struggling with market uncertainties. Yet, investors have found solace in BorroeFinance ($ROE), which delivered 50% profits to[Read more…]

Polygon (MATIC) Price Analysis: Can Polygon Recover From -6% Drop? Polygon (MATIC) crypto price has sunk -6% amid broader de-risking in markets, triggered by the conflict between Israel and Hamas – but with MATIC price trading low – is Polygon going to zero? This comes just a week after co-founder Jaynti Kanani revealed he was[Read more…]

MATIC Price Analysis: Will MATIC Sustain Above $0.50? Despite the recent breakout with the market recovery, the MATIC coin price found a bearish setback sooner than expected. The sudden bearish takeover reflects the weakness in buying spirit and warns of a sharp correction. The higher price rejections leading to the 5.65% drop in MATIC price[Read more…]

The Arrival of Polygon 2.0 In an exciting week for blockchain enthusiasts, Polygon 2.0 has emerged as a game-changer, introducing groundbreaking advancements that are set to reshape the future of the crypto landscape. Over the past seven days, Polygon’s testnet witnessed the highly anticipated launch of Polygon 2.0’s POL contracts, accompanied by remarkable achievements in[Read more…]

Solana’s Gaming Phenomenon SAGE Labs, the browser-based sci-fi game experience on Solana developed by the Star Atlas team, achieved a remarkable milestone last Sunday. The game witnessed an astonishing 2.29 million transactions, surpassing the total transactions of the entire Polygon network by approximately 256,000 transactions. According to data from Flipside Crypto, SAGE Labs has accumulated[Read more…]

Polygon (MATIC) Price Analysis Polygon (MATIC) is currently trading within a compact price range, facing sustainable upward gains hindered by selling pressure in the $0.6 price zone. Analysis Reports on MATIC Previous reports on MATIC’s price movement emphasized the possibility of an upward trend, starting from $0.5. However, this move has been impeded by existing[Read more…]

Innovating with DPEX Aggregator Mode on Polygon zkEVM Chain In our continuous quest for excellence and innovation, we are thrilled to announce a major milestone in our journey: DPEX is now live in “aggregator mode” on the Polygon zkEVM chain. By leveraging liquidity from other prominent perpetuals on the zkevm chain, including Quickswap, DPEX ensures[Read more…]

Introduction Deribit, a leading cryptocurrency exchange, is gearing up to introduce options trading for Ripple (XRP), Solana, and Polygon (MATIC) starting from January 2024. This move is expected to bring significant changes to the crypto market, injecting much-needed volatility and expanding investment opportunities for market participants. Anticipating Volatility with New Options Despite the current lack[Read more…]