Polygon Dominates EVM with Low Costs
Polygon processes 579.97B gas units daily at just $65.48K, outpacing BNB Mainnet and Ethereum in cost-efficiency. As DeFi grows, Polygon’s scalable solution attracts users seeking low-cost transactions.
Polygon
Coinbase Supports Polygon MATIC to POL
Coinbase will migrate $MATIC tokens to $POL starting Aug. 26. Trading for both tokens begins Sept. 4. $MATIC transactions paused Aug. 26-Sept. 10. $MATIC staking rewards continue during migration. $POL enhances Polygon’s network efficiency.
Polygon Launches 1 Billion POL Developer Incentives
.@0xPolygon unveils a $1B Community Treasury with 1B POL tokens to boost developer engagement. Starting June 11, developers can apply for grants up to 50K $MATIC. The initiative includes 35M $MATIC for early-stage projects. #Blockchain #Update
Privado ID Targets $101B Digital Identity Market
Privado ID, previously Polygon ID, separates from @0xPolygon to target the $101B digital identity market. The platform uses decentralized tech to boost user trust and lower risks. Integrated with @Consensys’ Linea zkEVM Chain. #Update #DigitalIdentity
Polygon Replacing MATIC with New POL Token
Polygon to replace $MATIC with innovative $POL token in September. No immediate upgrade deadline for holders, but community may set one. POL aims to enhance network utility and scalability. Migration progress currently at 0.1%. #Update #CryptoNews
Polygon Migrates MATIC to POL Tokens
Polygon Labs will migrate $MATIC tokens to $POL on Sept 4, 2024, as part of #Polygon 2.0. The new token retains MATIC’s tokenomics and aims to boost liquidity and functionality. Users on the Polygon network will experience automatic conversion. #Update
Polygon Unveils New POL Token, Replacing MATIC
Polygon will replace its $MATIC token with $POL starting September. Migration progress is expected to rise to over 50% from the current 0.1%. #Crypto #Updates
Privado ID Launches, Targets $101B Digital Identity Market
Privado ID, spun off from @0xPolygonLabs, targets the $101B digital identity market with privacy-focused solutions for any EVM chain. Major finance firms join proof-of-concept projects. #Crypto #Blockchain
Polygon Launches $1B POL Tokens for Developers #Crypto
Polygon unveils a $1B POL Community Treasury to boost developer engagement. The first grant season offers $22M in $MATIC for early-stage projects. Apply by Aug 31. #Crypto #Blockchain
Polygon Allocates 35M MATIC for Projects #Crypto
Polygon Labs launches a Community Treasury with 35M $MATIC to back ecosystem projects. Apply from June 11 to Aug 31, 2024. Monthly evaluations, funds ranging 5K-50K $MATIC. #CryptoNews #Updates
Fleek Joins Forces with Polygon Labs for Collaboration
Fleek partners with @0xPolygon to launch on-chain cloud services via Polygon CDK, debuting a testnet with 37ms TTFB, outpacing AWS and Vercel. #Web3 #Blockchain #Updates
Paul O’Leary on how Polygon’s zkEVM will enhance Ethereum scalability
Polygon’s zkEVM technology, launched in March 2023 and further enhanced by the Elderberry upgrade in March 2024, significantly boosts Ethereum’s scalability by reducing transaction costs and increasing throughput, promising a scalable, secure, and more accessible decentralized ecosystem.
EY Integrates Polygon for Enhanced Contracts
Ernst & Young revolutionizes contract management by adopting Polygon’s blockchain, aiming for lower costs and greater scalability. This move towards public blockchain, integrating zero-knowledge proofs for privacy, could set a new efficiency and security benchmark in enterprise contract management, showcasing EY’s leap in blockchain adoption.
Franklin Templeton Tokenizes $380M US Fund on Polygon, Stellar Networks
Franklin Templeton leverages Polygon and Stellar blockchains to tokenize a $380M US treasuries fund, enabling P2P transfers and competing with BlackRock’s similar blockchain initiative. vn.1.2.5
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