The Shiba Inu token’s 24-hour trading volume increased by 4.81 percent. The average whale has spent $6,880 in the past 24 hours. The statistics from WhaleStats just verified that Shiba Inu has just flipped Polygon (MATIC) and is now the most traded token among 1000 most significant Ethereum (ETH) wallets.
Sequoia Capital led a $450 million investment round for Polygon. The number of Dapps on the network has risen from 3000 to 7000. Polygon has been taking on some of the industry’s biggest names. Despite the supremacy of layer-1s, it has established its authority. The Polygon network has made significant
It is a general goal of the EIP-1559 update to bring fee burning to Polygon. According to a Polygon blog post, EIP-1559 went live at block 23850000. After months of anticipation, Polygon’s layer-two scaling network went live with the much-anticipated EIP-1559 update on January 18. There was a successful implementation
Crypto Relief takes on new strategies to deliver the best out from its crypto donations. Founder, Sandeep Nailwal plans to send 100 million USDC to Vitalik Buterin. Vitalik Buterin to make use of the money investing and creating more profits for the Crypto Relief. When you are not confident or
Polygon is down 9.26% in the last 24 hours. The reversal had a pessimistic outlook on Polygon. A vital support region for MATIC has been turned into a resistance barrier by the price action. There is a possibility that market makers may try to push Polygon lower to get liquidity.
On-chain gaming players of PlotX have grown by 144 percent each month. Staking services will be available via PlotX’s existing skill-based trivia game. PlotX, a gaming Dapp built on Polygon, received a $5 million pre-Series A investment and grant from Polygon & Hashed. As one of Polygon’s fastest-growing GameFi ecosystems,
Network fees are no longer calculated using the first-price auction approach. Polygon has lately had a gas crisis of its own. The Polygon team forecasts that MATIC’s supply will become deflationary when fee burning begins. Polygon, a layer-two scaling network, has implemented the Ethereum update that included a fee-burning mechanism
EIP-1559 may stabilize it in the face of demand shocks. EIP-1559 will reduce spam transactions and relieve network congestion. MATIC tokens may now be burned in real-time thanks to EIP-1559, which Polygon has implemented. Ethereum sidechain network, Polygon has launched EIP-1559 or the “London Hardfork.” At 2:48 a.m. UTC, the
SkyLaunch has recently announced that they will be working on a mutually beneficial partnership with Polygon in the quest for achieving future improvements. Further, they mentioned that collaboration with Polygon means adding a new Blockchain to their growth plan. Moving ahead, they also said that Polygon low fees and lightning-fast
Polygon claims to handle up to 65,000 transactions per second. Scaling solutions like Polygon reduces costs by rerouting transactions. Polygon is an Ethereum secondary scaling solution. These solutions use an existing blockchain network rather than creating their own. In this case, Polygon runs on Ethereum, which has gotten more sluggish
