Polygon

In the whirlwind world of cryptocurrencies, some projects just scream “top-tier investment,” promising a cocktail of decentralized innovation and juicy returns. At the front of this exhilarating race is BlockDAG, driven by the brilliant Antony Turner and a squad of M.I.T. and Harvard whizzes. Their presale game is nothing short of legendary, having raked in a staggering $63.9 million in under 21 stages and selling nearly 12.5 billion coins.  Meanwhile, Polygon is making waves with its tokenized asset surge, and…

Tokyo, Japan, July 29th, 2024, Chainwire DOP, the Data Ownership Protocol has announced its upcoming deployment on Polygon PoS. This move aims to enhance interoperability and efficiency, giving users greater control over their personal information on the Polygon network through selective transparency. “The integration of DOP into the Polygon ecosystem underscores the need to bring selective transparency to a wider audience”, DOP expressed in a blog post. “Our attention will turn to establishing a bridge between Ethereum and Polygon PoS…

Layer 2 scaling solution Polygon has maintained strong network activity even as the broader cryptocurrency market and its native token, MATIC, experienced a downturn in the second quarter of 2024, according to a new report from market intelligence platform Messari. Polygon Weathers Crypto Market Downturn While MATIC saw a 44.3% drop in its circulating market cap to $5.5 billion over the quarter, placing it as the 20th largest crypto asset (currently at the 26th position), the protocol’s on-chain metrics remained…

Polygon (MATIC) appears to be underperforming compared to the broader market, where most of the attention is directed toward other major cryptocurrencies with larger market caps. Despite this subdued price movement, the Polygon network recently experienced a significant surge in activity, reaching its highest levels in over a year. This notable increase in activity is largely attributed to recent announcements concerning the migration of Polygon’s MATIC token to the new POL tokens. Polygon Network Activity Hits Yearly High According to…

Polygon Labs, Google Cloud, and Accenture have released a paper detailing how Web3 technology can transform traditional loyalty programs into more secure, personalized, and experience-driven models. Whitepaper Talks About Web3 Loyalty Polygon Labs, the entity behind the layer-2 blockchain network Polygon, has teamed up with Google Cloud and Accenture to explore how brands can leverage Web3-based loyalty programs. On July 18, 2024, the trio published a paper titled "The Future of Loyalty Programs with Web3," emphasizing the transformative potential of…

On Thursday, the Polygon Foundation announced the date for its upcoming MATIC to POL upgrade after reaching a community consensus. The long-awaited token migration will occur in less than two months and aims to kickstart Polygon’s native token expansion. MATIC saw a 7% drop following the news. Save The Date: Polygon Token Upgrade Coming Soon The Layer-2 scaling solution for Ethereum, Polygon, revealed the highly anticipated date for its native token upgrade. Set for September 4, the initial phase will…

The post Ripple’s XRP Struggles Amid Massive Whale Sell-Offs, Toncoin And Polygon Set To Explode appeared first on Coinpedia Fintech News Following the recent correction in the cryptocurrency market, Ripple’s XRP is recording massive whale sell-offs and price declines. Meanwhile, prominent crypto projects like ETFSwap (ETFS), Toncoin (TON) and Polygon (MATIC) are witnessing heightened demand from investors as they show signs of surging significantly.    Ripple’s XRP Struggles Amidst Whale Sell-Offs Ripple Whales recently sold 150 million XRP from its allocated…

The post Avalanche and Polygon Vie for Top Spot as Rollblock Anticipates Unmatched Bullish Surge appeared first on Coinpedia Fintech News The crypto markets have been in a period of consolidation following Bitcoin’s recent dip to $53k. Established coins such as Avalanche (AVAX) and Polygon (MATIC) have both suffered losses as both compete for investor attention. Meanwhile, a new play-to-earn coin on Ethereum is set to grow exponentially in 2024 as it completes its presale. Rollblock ($RBLK) is a fully…

The Layer-2 scaling solution for Ethereum, Polygon (MATIC), is currently going through a strange circumstance. The quantity of network activity has increased significantly, but the cryptocurrency’s price is still unpredictable. It’s stuck in a rut, held back by both a possible technical breakthrough and a chronically pessimistic outlook. Polygon: Can Active Addresses Raise The Bar? Polygon’s network was humming on July 8th, with an astounding 1.18 million active addresses. For the same period, this easily outpaced Ethereum (365K) and Bitcoin…