Major altcoins Polygon (MATIC) and Chainlink (LINK) have displayed a significant decline in their prices over the past two days. Chainlink, which recently reached a yearly peak of $17.16 on December 9, saw its price plummet to $14.25 today, marking a 17% drop. Simultaneously, Polygon (MATIC) recorded a 3.83% decrease
The prices of Layer-2 protocols Polygon (MATIC) and Immutable (IMX) have surged after a report found the two led the growing blockchain gaming sector. This expanded dominance has boosted the investment appeal of both cryptocurrencies. Polygon spiked as much as 10% on Wednesday to $0.97, while Immutable likewise gained 8%
Polygon’s native token, MATIC, has staged an impressive comeback over the past few weeks. The cryptocurrency has risen back to $0.80 and boosted its market capitalization by 54% in just three weeks, according to on-chain analytics firm Santiment. This recovery comes on the heels of a prolonged bear market for
Polygon, a prominent blockchain network, has been making waves with its recent network updates and the impressive performance of its native token, MATIC. Polygon zkEVM which is a Zero-knowledge Ethereum Virtual Machine Beta hit a significant milestone with seven million transactions in a single day over the weekend. And just
In the dynamic realm of Non-Fungible Tokens (NFTs), Ethereum (ETH) and Polygon (MATIC) have long taken center stage. However, recent data indicates a discernible downturn in some aspects of their performance over the past month. Nevertheless, it is worth noting that Polygon’s NFT ecosystem has managed to secure a significant
According to a tweet published by the market analytics portal Santiment, yesterday saw the biggest Polygon (MATIC) transaction since July 2023. According to the announcement, a whale transferred about 37 million MATIC tokens from a Proof of Stake (PoS) wallet to a 3-year old wallet. It was calculated that the
Two wallet addresses labeled as Polygon Foundation have raised eyebrows within the crypto community by depositing over 10.6 million MATIC tokens into the Binance exchange over the past month. While this has prompted concerns about potential token sales, Polygon’s CEO, Marc Boiron, has denied the report and any involvement by
Polygon Labs, the blockchain company, has entered into a partnership with the South Korean mobile giant SK Telecom. Through the collaboration, the firms aim to develop the Web3 ecosystem and identify potential startups. Moreover, both companies have signed an agreement at SK Telecom’s headquarters in Seoul. The integration with the
Polygon (MATIC) has risen as a prominent player, captivating the community with its utility and chart-topping sprawl in the ever-evolving crypto-verse. The platform has also redefined perceptions of layer-2 protocols, solidifying its position as a touchstone for emerging layer-2 solutions in the crypto market. The second quarter of 2023 proved
Polygon, a leading Ethereum scaling solution, has put forth a groundbreaking proposal to replace its existing native token, MATIC, with POL as the universal token across all Polygon networks as part of its highly anticipated Polygon 2.0 upgrade. Polygon 2.0 aims to bolster the security, scalability, and sustainability of the
