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Here’s where MATIC’s short sellers can look to book their profits

Polygon [MATIC] noted strong gains on the price charts in mid-February, a development which highlighted that sentiment was positive towards the asset at that time. Since then, however, the market has turned and those gains have been fully wiped out. The active addresses metric has fallen since late January too while daily gas fees have declined over the past two[Read more…]

Polygon Reddit NFTs are popular, but is MATIC really gaining from it

The launch of Reddit Avatar Non-Fungible Tokens (NFT) on Polygon, with their subsequent record sales, somewhat settled the question of whether or not NFTs are dead. As a bonus, it proved the importance of networks in the crypto-world. In fact, Reddit NFTs recently crossed a very significant market cap threshold, one which affected Polygon NFT sales too.  Reddit[Read more…]

NFT market erupts with $2 billion trading volume in February: Report

The Non-Fungible Token [NFT] market continued to show vigorous growth and attracted a wider range of collectors. The ecosystem saw a substantial increase in trading volume in February, a new report from DappRadar revealed. According to the report, NFT sales volume in February climbed to a high of $2 billion for the first time since May 2022. DappRadar noted[Read more…]

Polygon (MATIC) Price Prediction 2025-2030: MATIC’s value depends on…

Polygon (MATIC) is a Layer-2 scaling solution aimed at bringing mass adoption to the Ethereum (ETH) platform. It provides developers with the tools they need to create scalable decentralized applications (dApps) that are both secure and user-friendly. MATIC is Polygon’s native token and has several key uses within the ecosystem. One of its primary functions is to power[Read more…]

Polygon [MATIC]: Can gaming activity improve DeFi woes? Decoding…

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…]

Chainlink functions in motion, but LINK keeps struggling with circulation

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…]

Why Polygon’s [MATIC] struggles continue despite growing transaction fees

According to a 28 February tweet, Polygon [MATIC] collected more than $7 million in transaction fees in the year-to-date (YTD) period, which highlighted the Ethereum [ETH] sidechain’s growing network usage. Additional data from Token Terminal revealed that Polygon outperformed layer-2 scaling solutions like Arbitrum [ARB] and Optimism [OP] in terms of transaction fees collected over the last 30 days. Recent activity throws up challenges for[Read more…]

Decoding the state of Polygon NFTs as MATIC…

Polygon’s [MATIC] NFT ecosystem has been witnessing growth over the past month, reflecting its increased usage across the globe. CRYPTOSLAM’s data revealed that Polygon’s NFT sales volume increased by over 50% in the last 30 days.   Decoding Polygon’s NFT ecosystem Magic Eden, which is a leading NFT marketplace, recently revealed the top 10 performing collections on[Read more…]

Polygon’s zkEVM announcement backfires, will the network face the heat?

Polygon [MATIC] has been trying to stir up hype around its new zkEVM solution that will launch on 27 March. In a 26 February tweet, the co-founder of Polygon, Sandeep Nailwal, spoke about the features of the mainnet. However, some users were unhappy with the post. Polygon gets called out The aforementioned tweet’s description, encapsulating the[Read more…]

Polygon: Limitations to blockchain scalability emerge as zkRollups go on floor

Jordi Baylina, a core developer of Polygon zkEVM, an upcoming L2 scaler on zero-knowledge proofs (ZKPs), has responded to the co-founder of Solana, Anatoly Yakovenko, who said that provers have not been able to keep up with the chain developments. Yakovenko was talking about scaling solutions in regard to blockchain development. Yakovenko claimed on Twitter that provers, elements of[Read more…]