ClubRare and Polygon Collaborate to Launch Groundbreaking Social Commerce Platform for Phygital Goods Collectors and Creators
Polygon has announced a partnership with ClubRare, a Web3 social commerce platform for physical goods, to launch a social e-commerce platform for collectors and creators of "phygital" goods.
Austria’s GreenRock Energy Is Issuing a Tokenized Green Bond Worth €25 Million ($27M) on the Public Polygon Blockchain
Austria's GreenRock Energy is issuing a tokenized green bond worth €25 million ($27m) on the public Polygon blockchain, with the funds to be invested in solar panel businesses and installations. The issuance of the tokens is approved by Germany's BaFin, Austria's FMA and Italy's CONSOB.
Co-founder of Polygon believes Web3 gaming will drive crypto adoption
Sandeep Nailwal, Co-founder of Polygon, believes that Web3 gaming will be a major factor in driving widespread adoption of cryptocurrency. During a Reddit Ask Me Anything (AMA) session, Nailwal stated that gaming is the largest scale opportunity for crypto and highlighted the upcoming debut of some notable games on Web3.
Polygon Daily Address Creation Hits 2-Year High; Bullish for MATIC?
Despite recent declines in the cryptocurrency market, Polygon (MATIC) has seen a surge in the number of new addresses created daily on its Layer 2 blockchain, which aims to help Ethereum with its scalability.
Cardano Struggles with Delays in Swaps, Causing Users to Consider Competitors such as Polygon and Solana
Cardano, a popular smart contract network known for its high transaction speeds and scalability, has been experiencing delays in token swaps on some of its decentralized exchanges. These delays have put a dent in the network's integrity and given its competitors an edge.
Polygon's zkEVM Optimizations Expected to Reduce Fees by 20% and Attract New Users, MATIC Price Increases by 2% in Last 24 Hours
Polygon [MATIC] has announced that it will be reducing fees by approximately 20% in the coming weeks through optimizations to zkEVM. This move is expected to attract new users to the platform. While the fee reduction will take some time, Polygon has suggested a few methods that users can use to reduce fees now, such as tracking Ethereum's trading price and monitoring network activity.
Polygon Partners with De.Fi to Integrate Web3 Antivirus for Enhanced Security Against Hacks and Exploits
Polygon, the Ethereum layer-2 chain, has partnered with De.Fi to incorporate its antivirus into the ecosystem. The collaboration aims to enhance the safety and security of transactions on the Polygon network by offering users a DeFi suite of security tools.
Polygon's zkEVM Activity Lower Than Competitors, MATIC Market Cap and Usage Remain Uncoupled
Polygon's zkEVM activity has been trailing behind other protocols like StarkNet and zkSync Era, which could have an impact on the protocol's future growth. However, despite this, Polygon's usage and MATIC market cap have not been affected. Messari's data shows that the relationship between Polygon's cumulative market capitalization and user base can be categorized into three distinct phases: Growth, Deviation, and Maturation. Recently, MATIC's price has experienced a significant drop, with its RSI indicating that momentum is currently with MATIC sellers.
Mangrove Launches Decentralized Exchange Protocol on Polygon Testnet with Programmable Order Book and Enhanced Limit Order Flexibility
Decentralized exchange protocol Mangrove has launched on the Polygon Testnet, providing a secure and efficient blockchain infrastructure for traders. The launch includes a programmable order book that can improve user trading experiences. Mangrove's mainnet launch is expected soon, along with a new brand logo and assets that represent the company's core values and principles.
Mangrove Launches Decentralized Exchange on Polygon Testnet with Programmable Order Book
Mangrove, a decentralized exchange (DEX), has launched on Polygon's testnet with a programmable order book. The Paris-based firm has raised around $10 million and is supported by major trading and market making players like Wintermute and Cumberland. The company plans to launch on mainnet at the beginning of next month. Mangrove's "advanced limit order" innovation allows traders to propose selling digital assets at a given price while depositing those assets as collateral on a lending platform and generating passive yield. This more flexible version of a limit order allows traders to have a savings account and sell at a certain exit price.
