Polygon funded millions of dollars to betting company DraftKings, which still failed to maintain node performance
According to on-chain data, Polygon previously provided sports betting company DraftKings with millions of dollars worth of MATIC. DraftKings publicly agreed to become a network validator to help run the Polygon blockchain, while also stating that it is an "equal" member of the validator community. Despite receiving compensation, DraftKings was unable to maintain the performance of its validator and was kicked out of the network last month. (Coindesk)
Polygon CISO proposes increasing code size limit for network smart contracts from 24kb to 32kb
Mudit Gupta, Chief Information Security Officer of Polygon, proposed in the governance forum to increase the code size limit of Polygon network smart contracts from 24kb to 32kb, in order to expand the operating space for developers.
Polygon Labs will announce products on RWA and institutional adoption on December 20
Sandeep Nailwal, the founder of Polygon, announced on Twitter that Polygon Labs will hold the Polygon Connect event in India on December 7th, publicly demonstrate the next generation of ZK products on December 14th, and release products related to RWA and institutional adoption on December 20th.
Singaporean remittance company Wind secures US$3.8 million in seed funding
Wind, a Singaporean remittance company supported by Polygon blockchain, announced that it has received seed round financing led by German venture capital firm Global Founders Capital and Singaporean blockchain investment firm Spartan Group, with a total amount of US$3.8 million. Saison Capital, Alumni Ventures, and Tiny VC also participated in this investment.
Amazon Cloud integrates Polygon PoS via AMB Access
Polygon Labs officially announced on X platform that Amazon Cloud has added Polygon PoS in Amazon Managed Blockchain (AMB) Access, allowing developers to more easily develop and launch dApps. AMB Access Polygon provides instant serverless access to Polygon PoS mainnet and public preview version of Mumbai testnet without the need for dedicated blockchain infrastructure. (Access during the public preview period is free, but standard AWS data transfer fees still apply)
Since mid-November, the number of transactions on EVM chains such as Fantom has surged more than 10 times
According to data from The Block dashboard, the number of transactions on alternative Ethereum Virtual Machine (EVM) chains, including Fantom, Avalanche, Celo, Polygon, and BNB Chain, has surged since mid-November. Fantom saw the highest increase, reaching 1,321%, with transaction volume growing from 239,920 on November 17 to 3.41 million on November 26. Celo grew by 1,277% in just four days, with transaction volume increasing from 277,500 on November 22 to 3.82 million on November 26. Polygon saw a 155% increase in transaction volume from November 14 to November 26, while Avalanche's transaction volume grew from 321,900 on November 18 to 3.08 million on November 26, an increase of 857%.
Cyvers Alerts: Attacker on Polygon exchanged TELEBTC for MATIC, currently making $197,000
Cyvers Alerts posted on the X platform stating that its system detected multiple suspicious transactions related to TeleportDAO. The attacker on Polygon exchanged all TELEBTC tokens for MATIC, amounting to $197,000, located at the following address: 0x580ba461892e1CC973519dD521c2d104ccdbD36f. Earlier today, TeleportDAO posted on the X platform that it has confirmed an issue with the TELEBTC <> MATIC liquidity pool. The team is investigating the matter and will release a notice as soon as possible.
TeleportDAO: Confirmed that there is a problem with the TELEBTC MATIC liquidity pool and the team is investigating
On November 25th, TeleportDAO announced on the X platform that there were issues with the TELEBTC <> MATIC liquidity pool. The team is investigating the matter and will release an update as soon as possible. Earlier, there were reports that TeleportDAO may have been attacked and its Bitcoin-anchored token, TELEBTC, had severely deviated from its peg.
Star: 50 projects have been deployed on the X1 testnet, and more projects are being launched
On November 25th, OKX CEO Star posted on social media that in the first week of its launch, 50 projects have already been deployed on the X1 testnet, and the team is launching more projects.
Polygon Labs engineer: Blast is not Layer 2, and the contract is only controlled by 3/5 multi-signatures of anonymous new addresses
On November 23, Polygon Labs developer relations engineer Jarrod Watts stated that the Blast contract is an upgradable contract controlled by a 3/5 multi-signature, with all 5 addresses being anonymous new addresses. Blast may execute code upgrades and immediately steal funds through multi-signature, although many other Layer 2 solutions, including Arbitrum, currently have the same functionality. However, (currently) Blast is not Layer 2, but only a smart contract that accepts user funds and invests them in protocols such as Lido. There is no test network, no trading, no bridge, no rollup, and no transaction data sent to Ethereum. If the 3/5 multi-signature controlling the contract does not "do the right thing" in the future, users will not be able to withdraw money deposited in the Blast contract at any time.<br>In response, SlowMist founder Yu Xian stated that the Blast contract is indeed an upgradable contract, controlled by a 3/5 multi-signature (unknown who the 5 people are) and has no time lock. If they want to run away, they can upgrade a malicious logic contract with multi-signature or set a malicious mainnetBridge with enableTransition. Currently, Blast, except for the contract deployed on Ethereum, is a play on the split of centralized Web2 projects, but has endorsements from several well-known institutions. Users still trust projects endorsed by institutions more.
