Polygon’s ambitious token migration from MATIC to POL has reached a milestone, with 6.50 billion tokens successfully converted as of today. This transition, representing a 64.8% conversion rate, marks a pivotal moment in the network’s evolution towards its Polygon 2.0 vision. The migration process, which commenced on September 4, 2024,
Polygon’s recent migration from its native token MATIC to POL, completed on September 4, has failed to spark the positive market response typically associated with such upgrades. Instead, the network faces a series of challenges, including declining user activity and large holders offloading their tokens, which continue to exert downward
TOKEN2049, the world’s largest Web3 conference, announced a collaboration with spatial sound pioneers Polygon Productions for AFTER 2049, the official closing event of this year’s highly anticipated Singapore edition. Set to redefine live music experiences with spatial audio technology, Polygon Productions will combine binaural sound and synchronised lighting to curate
The overall crypto market is under downside pressure, and the market cap has plummeted by over 3.30% to $2.11 trillion. Leading cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) have crashed by over 4%. However, Polygon (MATIC) has drawn attention by topping the losers list, declining by 10.20% over the past 24
Less than two days after the hack of Polygon’s Discord, hackers have now impacted Layer 2 blockchain ZKsync’s and Layer-1 network Avalanche’s official servers. The official Avalanche account reported a hacked Discord server and warned users not to engage with or click on any links in a message to X
According to the Spotonchain data, a Polygon foundation-linked wallet deposited 15.49M MATIC worth $8.1 million to Binance in the past 5 days. And the wallet still holds 13M MATIC worth $6.78 million under staking. At the same time, 824M $TEL was transferred out of the Telecoin Association wallet to Polygon
A breach has occurred in the Polygon community Discord channel. The chief information security officer at Polygon, Mudit Gupta, acknowledged the intrusion and warned users not to click on any links published in the Discord channel until the issue is fixed. Even though Gupta claimed that all privileged accounts had
Polygon’s native token, MATIC, has experienced a robust 27% surge over the past week, hitting a one-month high of $0.5399. This marks a sharp recovery from its recent low of $0.3342, where MATIC had been entrenched in a bearish trend for over a month. The rally coincides with anticipation surrounding
Polygon’s MATIC token has emerged as a beacon of hope in an otherwise tepid cryptocurrency market, captivating investors with a price surge and a decisive bullish breakout. This remarkable performance stands in stark contrast to the struggles faced by market leaders Bitcoin (BTC) and Ethereum (ETH), positioning MATIC as a
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
