Polygon (MATIC) Faces a Severe Profitability Crisis
TL;DR Only 5.63% of Polygon (MATIC) addresses are in profit or at breakeven, according to IntoTheBlock. MATIC has fallen 3.9% in the last 24 hours,...
Category : Polygon News
Polygon (MATIC) Prepares a Hardfork: Binance Confirms Support for the Upgrade
Binance, one of the world’s leading cryptocurrency exchanges, has announced its strong support for Polygon (MATIC) upcoming network upgrade and hard fork....
Polygon Cofounder Proposes ApeChain, a Custom Layer 2 for ApeCoin
Sandeep Nailwal, the cofounder of Polygon, a leading Ethereum scaling solution, has put forward a proposal to build a custom Layer 2 network for ApeCoin,...
Circle Launches Native USDC on Polygon
In a significant development, Circle, the issuer of the US dollar stablecoin (USDC), has announced the launch of native USDC tokens on Ethereum’s layer 2...
MATIC to POL: Unpacking Polygon’s Token Migration Proposal
Polygon, a scaling technology firm, has announced the release of three Polygon Improvement Proposals (PIPs) that will kick off the implementation of Polygon 2.0, a...
Polygon Announces Plan to Rebrand MATIC Tokens as POL
Polygon, a popular Ethereum layer 2 scaling solution, has proposed a major upgrade for its native token, MATIC. The upgrade, which is subject to approval...
Polygon (MATIC) and Other Cryptocurrencies Lose $5 Billion in Market Cap: The Reasons Behind the Decline
The recent actions of the US Securities and Exchange Commission (SEC) have had a significant impact on several cryptocurrencies. Data from CoinMarketCap shows that several...
Will MATIC Recover with Polygon 2.0 Upgrade?
Recently, Polygon announced its 2.0 version, which will serve as the “value layer of the internet”. Polygon 2.0 will enable users to create, exchange, and program value on the...
Binance NFT Expands Marketplace Reach with Polygon Integration
Binance NFT Marketplace has revealed that it has added the Polygon network to its list of supported chains, expanding the NFT ecosystem for its community....
Polygon Launches Decentralized ID Products Utilizing ZK Tools
In a recent development, Polygon has released a Zero Knowledge (ZK) decentralized identity solution to the public. The move comes after the announcement of its...