Legacy Royalties Contract on Polygon Exploited for $261,000
A legacy smart contract on the Polygon network was exploited on June 23, resulting in a loss of approximately $261,200 in USDC. The incident targeted outdated infrastructure associated…
Polygon News
Polygon News tracks the Ethereum scaling ecosystem around Polygon, including POL, network upgrades, zk technology, partnerships, developer activity and application launches. The archive focuses on how Polygon infrastructure is used, how the ecosystem competes within Layer 2 markets and how its token reacts to major developments.
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Polygon Surpasses $2 Billion in NFT Sales and Leads the Market Recovery
TL;DR Polygon reached $2 billion in total NFT sales, driven by steady growth from Courtyard and tokenized real-world assets. Between November and May, monthly…
Polygon’s Explosive $22M Week Leaves Ethereum Behind
TL;DR Polygon outpaces Ethereum: Polygon’s NFT sales hit around $22M, overtaking Ethereum’s nearly $19M, signaling a notable market shift. Courtyard fuels momentum: The RWA…
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…
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…
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…
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,…
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…
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…
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…