Polygon Financial News

20.04 / 17:25

Blockchain Adoption Polygon Gaming Sky Mavis Blockchain Gaming Skyrockets 2,000% in One Year, Axie Infinity in Downtrend - Report

On average, blockchain-powered games attracted 1.22m daily unique active wallets (UAWs) this past March, or 2,000% more than a year ago, per dapp (decentralized app) market data provider DappRadar.

18.04 / 16:21

defi Polygon Finance Redefined: MetaMask institutional offering, Polygon to go carbon neutral, and more

The decentralized finance (DeFi) world saw another week of increased on-chain and developer activity while token prices entered the second week of the bear market, with many of the tokens bleeding in double digits over the past week. MetaMask expanded its institutional offering by partnering with four institutional custodians, while Polygon has pledged to go carbon neutral.

13.04 / 18:01

markets Investments Polygon Analysis ApeCoin eyes 250% rally amid 'bull pennant' breakout, Robinhood APE listing rumors

ApeCoin's (APE) market valuation could grow by nearly 250% in the second quarter of 2022 as it breaks out of a widely-tracked, classic technical pattern.

13.04 / 00:53

Blockchain Ethereum Polygon Sustainability Polygon commits to going carbon neutral in 2022

The Polygon network announced on Tuesday its commitment to going carbon neutral and climate positive this year by releasing their “Green Manifesto: A Smart Contract with Planet Earth.” They also made a $20 million pledge to offset their carbon footprints, and buy extra credits to eventually become carbon negative.

12.04 / 00:17

markets Blockchain Adoption Polygon Sky Mavis Crypto Raiders explains how blockchain gaming attracts new users to Web3

At the height of the nonfungible token (NFT) rally in 2021, Sky Mavis, the creator of Axie Infinity, rolled in like the Trojan horse and coined the term play-to-earn (P2E) for blockchain games. Axie Infinity grew in popularity after amassing a $3 billion valuation and it steadily onboarded millions into Web3. According to Axie Infinity co-founder Aleksander Larsen, roughly 50% of Axie Infinity’s daily active users (DAUs) had never had a cryptocurrency wallet until they began playing.

10.04 / 00:03

Blockchain Ethereum Binance Polygon network Kyber Network (KNC) soars after integrating with Uniswap v3 and Avalanche Rush Phase 2

The outlook for projects in the decentralized finance (DeFi) sector has begun to improve in recent months as a combination of global events have highlighted the benefits of holding funds outside of the traditional financial systems.

07.04 / 22:07

Ethereum NFT Polygon avalanche NFT Market Shows Signs of Maturing as Sales Expand Beyond Ethereum

Between January and March 2022, non-fungible token (NFT) trading volumes cooled down from a hot January start, but the number of trades increased significantly in networks outside Ethereum (ETH) -- indicating an expanding NFT market with broadening adoption across the ecosystem, according to a recent report released by and dapp information provider DappRadar.

05.04 / 18:31

CBDC defi Polygon banking DeFi Could Rely On CBDC, But More Bridges With Centralized Finance Are Needed - Expert Panel

As decentralized finance (DeFi) and central banking share a number of objectives, building bridges between decentralized and centralized finance (CeFi) could open up new possibilities for the use of central bank digital currencies (CBDCs) , according to the participants of a debate held by the Innovation Hub of the Bank for International Settlements (BIS) and the Swiss National Bank (SNB).

01.04 / 00:15

markets Ethereum Polygon Ethereum 2.0 Traders predict $3,800 Ethereum, but multiple data points suggest otherwise

Investors tend not to complain about a price rally, except when the chart presents steep downside risks. For example, analyzing Ether's (ETH) current price chart could lead one to conclude that the ascending channel since March 15 is too aggressive.

31.03 / 23:23

Blockchain Adoption Polygon Opera As Opera Challenges Brave Browser with Push Further into Crypto, How Do They Compare?

The web browser Opera is strengthening its push into crypto by adding browser wallet support for multiple new blockchain networks, including Bitcoin (BTC), Solana (SOL), Polygon (MATIC), and Ronin (RON). The move is another step for Opera in challenging the crypto-native Brave browser as the dominant browser for Web3 users.

31.03 / 16:17

Blockchain Ethereum defi Polygon Polygon launches Web3 ID to keep personal details private

Polygon network has said that the 'Polygon ID' will be ready before the year end. It is one of the first identity platforms powered by zero-knowledge (ZK) cryptography for privacy and blockchain scaling technology. Polygon ID is expected to be used by organizations and businesses, for identity and trust management purposes, where users can authenticate themselves to blockchain-based applications, without providing passwords or data to every application individually. According to the company’s stated timeline, the proof-of-concept (PoC) has been developed and the complete Polygon ID platform is scheduled to be ready in the third quarter of 2022.

30.03 / 22:01

Blockchain Polygon privacy identity Agency Polygon ID platform seeks to enhance self-agency and privacy in the Web3 space

Layer-two Ethereum scaling solution, Polygon has announced the establishment of Polygon ID, an identity platform designed to complement the decentralized finance and decentralized application (dApp) economies by providing users greater privacy and sovereignty within Web3.

30.03 / 19:01

cryptocurrency NFT Polygon Hive Investments: DeFi’s Latest Buzz

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

17.03 / 16:05

business Blockchain Polygon Smart Contracts Polygon onboards Simba Chain for Ethereum scaling and infrastructure development

Ethereum (ETH) layer-2 solution Polygon (MATIC) is integrating the Simba Chain to scale and build new infrastructure for Web3, according to a new announcemen.

15.03 / 23:33

Blockchain defi Polygon Web3 New application merges DeFi 2.0 protocols with yield optimization on Polygon

Decentralized finance (DeFi) first took the world by storm in 2020. Now, two years later, the world has grown to know several successful DeFi projects. Despite these successes, like any new field, several problems have also arisen.

15.03 / 12:49

Blockchain Ethereum Binance Polygon Binance temporarily halts Polygon deposit and withdrawal to sync nodes

Binance, the world’s biggest crypto exchange by trading volume, announced earlier on Tuesday that it will be temporarily pausing deposits and withdrawals for Polygon (MATIC) Network.

12.03 / 09:29

Blockchain cryptocurrency Polygon Crypto exchanges Crypto Companies What could drive crypto companies out of India

digital assets is causing thousands of developers, investors and entrepreneurs to leave for places with more friendly regulation, according to the co-founder of the country’s most famous crypto startup. “The brain drain is absolutely crazy,” Sandeep Nailwal, whose Polygon operates the biggest so-called Layer 2 protocol for the Ethereum blockchain system, said in an interview from Dubai. India, with an estimated 15 million active crypto users, has been stuck in regulatory limbo since the Supreme Court in 2020 overturned a central bank ban on digital tokens. The government this year unveiled a tax on crypto transactions without formally declaring that it won’t ban trading, a move that became emblematic of the confusion.

11.03 / 21:33

defi Polygon Decentralized Exchange yearn.finance Finance Redefined: DeFi ‘Godfather’ Cronje quits, CAKE launches $100M venture arm and more

The decentralized finance (DeFi) ecosystem had quite an eventful week with several new developments and price action. The week started with DeFi “Godfather” Andre Cronje announcing his departure from most of his projects, leading to a massive drop in prices of projects that Cronje was associated with.

11.03 / 09:09

defi Altcoin Polygon Developers network Polygon Network Polygon network suffers from extended service outage after upgrade

Layer-2 Ethereum scaling solution Polygon has not produced a new block for over 11 hours, with developers attributing the issue to a technical upgrade on the network.

11.03 / 01:01

markets Blockchain Ethereum Polygon Drop L2 ATH Polygon’s focus on building L2 infrastructure outweighs MATIC’s 50% drop from ATH

After a devastating 50% correction between Dec. 25 and Jan. 25, Polygon (MATIC) has been struggling to sustain the $1.40 support. While some argue this top-15 coin has merely adjusted after a 16,200% gain in 2021, others point to competing scaling solutions growth.

03.03 / 06:43

Blockchain defi Polygon avalanche Dragonfly Research claims Ethereum is the 'MS-DOS' of blockchains

An experiment from Dragonfly Research that compared the performance of six blockchains by testing the capacity of Automated Market Makers on each has found Solana’s Orca DEX was the clear winner in trades per second.

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