Polygon, Ethereum’s premier scaling solution, finds itself at a critical juncture as it prepares for a major milestone: the migration of its MATIC token to POL, scheduled for September 4. Polygonscan data reveals a stark decline in network activity, with total transactions on the Polygon Proof-of-Stake chain plummeting to 2.44
Polygon (MATIC), the Layer 2 scaling solution for Ethereum, is set for a significant transformation as it transitions from MATIC to the new POL tokens. Scheduled to occur within the next month, this change will see POL become the primary gas and staking token within Polygon’s Proof-of-Stake (PoS) network. The
The crypto market has been turbulent recently, with Cardano (ADA) facing a sharp 10% decline, while Solana (SOL) has been in the spotlight due to its significant rise. Amid these fluctuations, BlockDAG has been making strides with its consistent strategies and stability. Featuring an automated bonus system based on user
Uniswap, once a prominent cryptocurrency among the top 20 by market capitalization, has recently lost its prominence. This shift opens the door for emerging and established projects to fill the gap. Among the potential contenders are RCO Finance (RCOF) and Polygon (MATIC), both of which have been gaining attention for
This investing season, everyone is asking the same question: “What’s the best crypto to buy now?” Finding the answer requires some research and a bit of math magic. How much yield has the coin offered investors so far? What does the future outlook look like? How has market volatility affected
NEAR Protocol displays strong upward momentum with expectations to breach the $9 level, fueled by investor confidence and solid underlying fundamentals. Meanwhile, Polygon is advancing the limits of Web3 scalability with its AG Layer, which aims to handle 1 million transactions per second. However, the spotlight is currently on BlockDAG,
As the cryptocurrency market weathers its ups and downs, it’s a scene of both hurdles and victories. Chainlink is experiencing a significant slump, reflecting a widespread bearish sentiment across multiple time frames. Despite the release of version 2.0, Polygon hasn’t seen the expected rise in value and is grappling with
Polygon (MATIC) might experience further devaluation despite the recent attention it has garnered from its whale holders. On July 11, the volume of large transactions involving the MATIC token surged to a seven-day high of $103 million, sparking hopes of a potential price rally. However, the altcoin’s price has since
In light of evaluations conducted in the second quarter of 2024, crypto asset manager Grayscale Investments has revealed revised component weightings of crypto assets within its primary funds. Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund), Grayscale Digital Large Cap Fund (GDLC), and Grayscale DeFi Fund (DEFG) are the primary
The market has been concurrently bearish today, with the largest cryptocurrency, Bitcoin, hitting a two-month low of $57,800. As is traditionally the case, prominent altcoins also experienced major declines. Ethereum is down 4%, Solana has dropped 9%, and Polkadot has fallen by 7%. However, Polygon (MATIC) has drawn attention by
