More than 65.5 million MATICs have been migrated to POL on Ethereum
On November 2nd, 21.co analyst Tom Wan stated on social media that over 65.5 million (0.655%) MATIC tokens have been migrated to POL on Ethereum. The migration of MATIC on Polygon POS will begin in early 2024 (approximately 1 billion MATIC), while the migration of staked MATIC will begin in mid-2024 (approximately 3.7 billion MATIC).
27 million MATIC transferred from unknown wallet to Coinbase, worth more than $18.37 million
According to Whale Alert monitoring, 27,000,000 MATIC tokens (worth $18,374,139) were transferred from an unknown wallet to Coinbase at 11:50 Beijing time, as reported by DeepChain TechFlow.
20 million MATIC transferred to Coinbase
According to Whale Alert monitoring, 20,000,000 MATIC (approximately $13,319,185) was transferred from an unknown wallet to Coinbase.
0VIX resumes operations on Polygon PoS
On October 27th, according to an official announcement, 0VIX of Polygon PoS has successfully restored all functions, including repayment and withdrawal. Recently, 0VIX will be integrated with the new Keom Protocol to complete its transition to Keom. Keom plans to launch a series of AI-enhanced trading products, fully utilizing advanced zero-knowledge technology, and proactively integrating the latest user protection standards prescribed by regulations.
Ether.Fi announces support for native staking on Polygon zkEVM
The non-custodial liquidity collateral agreement Ether.Fi announced its support for native collateral on Polygon zkEVM.
Polygon’s native token POL has been launched on the Ethereum mainnet
Polygon announced on X platform that its native token POL has been launched on the Ethereum mainnet. Polygon further stated that POL is the next generation token that can provide power to the large ecosystem of ZK-based L2 chains. It achieves this through a native re-collateralization protocol that allows POL holders to verify multiple chains and perform multiple roles on each chain, turning POL into an efficient token.
48.24 million MATIC were transferred from Polygon pledge to an unknown address
48.24 million MATIC were transferred from Polygon staking to an unknown address, worth $29.96 million.
Upbit staking service now supports Polygon
Dunamu, the operator of the South Korean cryptocurrency exchange Upbit, announced that it will add Polygon to its staking service "Upbit Stake". As a result, the number of staking options supported by Upbit has increased to five (Ethereum, Cosmos, Ada, Solana, and Polygon).
Binance Will Support Polygon Network to Support Native USDC
According to an official announcement on October 23, Binance will support the native USD Coin (USDC) issued by Circle on the Polygon network. Deposits and withdrawals of the token on the network will be available soon.
Binance already supports the cross-chain version of USD Coin (PoS) (USDC.e) and will use MATICUSDCE as the code.
Polygon zkEVM TVL breaks $58 million, hits record high
Sandeep Nailwal, co-founder of Polygon, shared data on social media showing that the total locked value of Polygon's zkEVM has exceeded $58 million, an increase of over 40% in the past 30 days, reaching a new all-time high. According to the latest data from L2beat, at the time of writing this article, the total locked value of Polygon's zkEVM has reached $58.55 million.
Polygon proposes creation of "decentralized governance" committee, including Coinbase and Ethereum Foundation officials
Polygon released a proposal on Thursday to create a "Polygon Protocol Council" to promote more decentralized governance, and appointed 13 initial members, including officials from Coinbase and the Ethereum Foundation. Polygon stated in a press release that the proposal, called PIP29, will "be responsible for making narrow, time-bound changes to the system smart contracts that implement the existing and future Polygon protocols on Ethereum." According to the announcement, the Council will "execute community-led processes to initiate future upgrades, including those proposed in the forefront stages of Polygon 2.0."
2 hours ago, the Alameda liquidator was suspected of staking nearly $7 million in MATIC through the Polygon PoS staking contract.
Data monitored by Arkham shows that about 2 hours ago, the Alameda clearing party allegedly staked nearly $7 million worth of MATIC through the Polygon PoS staking contract.
Manta Pacific will transition from OP stack to Polygon Chain development kit
Manta Pacific will transition from its current Optimistic (OP) rollup to the zero-knowledge Ethereum virtual machine Validium. Following the deployment of the Manta Pacific mainnet last month, the Manta team has decided to abandon the OP stack and instead use the Polygon Chain Development Kit (CDK). Manta Networks' Chief Operating Officer, Kenny Li, pointed out that this decision was made because Manta hopes to leverage zero-knowledge technology to support faster finality speeds, and another reason for the shift to Polygon CDK is its support for modular design.
y00ts: The Cross-Chain Bridge Migrated to Ethereum Has Been Launched and Will Bear All Gas Fees on the First Day
October 16th, NFT project y00ts announced on its social media platform that the cross-chain bridge for migrating y00ts from Polygon back to Ethereum has gone live. The team will bear all gas fees for the first day and randomly distribute 10 y00ts to cross-chain wallet addresses within 24 hours. After October 22nd, a 33.3% royalty fee will be charged for trading y00ts on Polygon, and users are advised to migrate y00ts within 7 days.
Polygon Miden releases Miden VM V0.7
Polygon's STARK-based Ethereum-compatible solution, Polygon Miden, has released Miden VM V0.7, which includes support for nested modules and module aliases; constant value expressions and debugging instructions. Miden stdlib has added two features: a compact sparse Merkle tree for 256-bit keys and Falcon signature verification.
UniPass Wallet mobile app now available on Google Play Store
The smart contract stablecoin wallet UniPass announced on X platform that the UniPass Wallet mobile application is now available on the Google Play store. UniPass reportedly provides a comprehensive stablecoin payment solution, offering the ability to enjoy gas-free payments and one-click processing of batch transactions. Currently, UniPass only supports USDC and USDT on the Polygon network.
Binance Will Support Polygon (MATIC) Network Upgrade and Hard Fork
According to an official announcement on October 12th, Binance will support the upgrade and hard fork of the Polygon (MATIC) network. The project team will upgrade and hard fork the network on the Heimdall proof-of-stake (PoS) verification layer block height of the Polygon network at 15,950,759 (expected to be October 13th, 2023, Eastern Time).
Binance is expected to suspend token deposit and withdrawal services for the above network at 19:00 on October 13th, 2023, Eastern Time.
Coinbase: USDC Deposits and Withdrawals on Polygon Have Been Supported
October 11th, Coinbase Assets tweeted that Coinbase now supports deposits and withdrawals of USDC on Polygon. USDC deposits on Polygon are now open, and all bridged withdrawals will be converted to local withdrawals around 3am Beijing time on October 13th.Previously, native USDC had been launched on the Polygon PoS mainnet. With the addition of Polygon PoS, native USDC is now circulating on 15 different blockchain networks.
Coinbase extends USDC’s multi-chain availability to Polygon
Coinbase Assets announced in a tweet that Coinbase has expanded the multi-chain availability of USDC on Polygon. This release will bring more efficient USDC transactions and USDC deposits will be available on Polygon. All bridged withdrawals will be converted to local withdrawals at around noon Eastern Time on October 12th.
Polygon's MATIC token faces challenges amid launch of Polygon 2.0 testnet and departure of co-founder
Polygon's native token, MATIC, saw a 16.4% increase in value following the launch of Polygon 2.0 Goreli testnet on October 4th. However, the token's value declined by 10.6% over the six days leading up to October 10th due to resistance at $0.60, negative news regarding the departure of a key co-founder, and weak activity in Polygon's zero-knowledge rollup subnet. <br>
