Category Archives: Polygon news

Introduction Polygon, the second-largest blockchain in terms of NFT sales volume over the past 30 days, has been facing a bearish trend in MATIC’s price chart. In this article, we’ll delve into the recent performance of Polygon’s NFT ecosystem and MATIC’s on-chain indicators. Polygon’s NFT Performance During the last month, Polygon (MATIC) ranked second only[Read more…]

Price Drops for MATIC and ETH Over the past 24 hours, both MATIC and ETH saw their prices drop. Polygon’s Ranking on Federal Reserve’s List Polygon was ranked 2nd, behind ETH, on the Federal Reserve’s list of tokenization examples. Polygon’s Heavy Experimentation Many believe this is likely due to Polygon’s heavy experimentation with dApps and[Read more…]

Dragonfruit Upgrade: Supporting Ethereum’s PUSH0 With the Dragonfruit upgrade, zkEVM has become the only rollup as of now that supports Ethereum’s PUSH0. However, the rollup’s network activity continues to decline. Decline in zkEVM’s Daily Activity zkEVM’s daily active addresses have declined. Uniswap’s Proposal for a Friendly Hardfork Uniswap submitted a proposal seeking a friendly hardfork[Read more…]

Introduction In the second half of 2022, the best performing and relatively less volatile cryptocurrency was MATIC Coin. Impressive deals and strong marketing strategies were not sustained for long. As of the second quarter of 2023, the allure of exciting goals, ideals, and agreements disappeared. Of course, the price also started to decline. So what’s[Read more…]

All about the 2023 NFT Summer The entire NFT market boomed in March 2023, when trading volumes surged. This was evident from The Block’s data, which showed that most blockchains’ NFT trade volumes skyrocketed. To pinpoint, let’s take a closer look at Polygon and Solana specifically. Santiment’s chart revealed that Polygon’s NFT trade volume spiked[Read more…]

Polygon’s Scalability Solution Polygon is an Ethereum sidechain aiming to scale the mainnet. It addresses congestion and offers faster, cost-effective transactions. Its growing ecosystem of decentralized applications (dapps) and non-fungible tokens (NFTs) has, over the years, supported MATIC. MATIC is down 80% from the 2021 peak, but supporters maintain a bullish outlook. Arbitrum’s Layer-2 Advantages[Read more…]

Celo’s Potential Move To Ethereum Layer-2 Via Polygon In a recent blog post, Polygon Labs suggested Celo could consider deploying an Ethereum Layer-2 solution using Polygon CDK. According to Polygon Labs co-founder Nailwal, this strategy would allow Celo to leverage the benefits of being an Ethereum Layer-2 platform while preserving the characteristics that have contributed[Read more…]

Quick Take Polygon Labs has offered the Celo community a proposal to integrate its Chain Development Kit (CDK) for the transition to Ethereum Layer 2. The proposal, written by Polygon co-founder Sandeep Nailwal, was made on Celo’s governance forum. Polygon’s CDK for Celo’s Layer 2 Transition Polygon Labs has proposed that the Celo blockchain community[Read more…]

Derivatives Market Wary Despite MATIC’s Resilience Market participants in the derivatives sector have, however, approached MATIC’s recent bullish moves with caution. Data provided by Coinalyze reveals a consistent dip in Open Interest, even in the face of decent price gains. This dip suggests a lack of conviction among traders regarding MATIC’s price rebound. However, there[Read more…]

Polygon zkEVM Completes First Major Upgrade Polygon (MATIC) zkEVM, a zero-knowledge scaling solution designed to be compatible with the Ethereum Virtual Machine (EVM), has achieved a significant milestone by completing its first upgrade. The upgrade, known as the Dragonfruit Upgrade, marks a significant step forward for Polygon zkEVM since its launch in mainnet beta in[Read more…]