Popular blockchain-based game Aavegotchi has announced plans to build a custom blockchain using Polygon technology. The move is aimed at improving the scalability and transaction speeds of the game, which has experienced significant growth in recent months. Aavegotchi is a decentralized game that allows players to collect and trade virtual creatures called “gotchis” using blockchain […]
MonoX, an AMM on the Ethereum and Polygon blockchains, has announced the formal launch of its mainnet platform, giving investors access to full swap and liquidity features. With the launch of this new service, Mono X aims to provide a premium and open framework for liquidity providers looking to launch their projects on the market, […]
Unnamed sources say that IPL fan tokens are in the works and will likely be powered by Polygon. Co-founder and Polygon COO Sandeep Nailwal has also alluded to such a development in the company’s public statements, he remarked “Polygon will have some exciting developments coming public shortly with relation to Indian sports.” The IPL fan […]
According to Flipside Crypto, the Polygon Network was subjected to a spam assault after a well-built arbitrage bot converted 14 ETH to 218.5 ETH in less than four months. With the spam costs deducted, the average profit per day was $6,800. Attacks on the Polygon Network started in early May, and by June, daily transaction […]
According to a new study published on Wednesday by blockchain development platform Alchemy, the number of applications on Polygon’s self-described Ethereum layer 2 is rapidly rising and the ecosystem is gradually becoming autonomous from projects on the Ethereum ecosystem. Since last year, the number of apps on the chain has increased from 30 to over […]
Ethereum bridges have a total value of over $15 billion. As Layer-1 and Layer-2 scaling systems are vying for supremacy on the Ethereum network, Polygon takes the lead. Polygon Network, a layer-2 solution that connects Ethereum to other blockchains, has suggested that validators increase transaction fees to combat the current increase in spam transactions. A 2900 […]
Fashion company Dolce & Gabbana made $5.7 million (1,885 ether) by selling an NFT collection. They auctioned the collection on the UNXD platform, a marketplace built on the Polygon network. Collezione Genesi, Dolce and Gabbana’s first-ever NFT sale, raised a staggering 1,885 ether or $5.7 million on Thursday, based on Ethereum (ETH) market rates. Two famous NFTs, “The […]
Polygon’s network has now surpassed Ethereum in terms of daily active addresses for the first time since its creation. On September 27, Polygon co-founder Mihailo Bjelic posted about the historic event on Twitter, stating it was “only the beginning.” Compared to Ethereum’s 326,000 addresses, MATIC’s total number currently stands at 351,000. The achievement is significant […]
Celer Community, a Layer 2 scaling solution, has reached a significant milestone with its newly released cBridge, as buying and selling volume has exceeded the $200 million mark. Only two months after launching their multi-chain bridge project, they declared their achievement on Twitter, telling their followers to anticipate more from them in the future. To […]