MATIC
Polygon (MATIC), launched in October 2017, is a Layer 2 scaling solution for Ethereum, aiming to enhance scalability and reduce transaction complexity. It uses a custom version of the Plasma framework, enabling up to 65,536 transactions per block on each sidechain. The London Hard Fork and EIP-1559 upgrade went live on January 18, 2022, changing the fee mechanism on the Ethereum network. As of now, Polygon has a circulating supply of 4,877,830,774 MATIC tokens out of a maximum supply of 10,000,000,000. The network is secured through a proof-of-stake consensus mechanism, with validators staking MATIC tokens as collateral.
Digital Currency Ecosystems Company BTCS Inc. Adds Ethereum Layer 2 Sidechain Polygon
An early mover in the blockchain and digital currency ecosystems BTCS Inc. announced the addition of Layer 2 proof-of-stake sidechain Polygon (“MATIC”) to its blockchain infrastructure operations.
Polygon Raises $450M from Venture Capital Firms Led by Sequoia
Ethereum-based Layer-2 protocol, Polygon, has raised the sum of $450 million in a private token sale that marks the most significant funding round for the firm.
0x Protocol's API is Live on Polygon Network
0x Project officially announced that its API is officially integrated with Polygon. The launch of the DEX liquidity API aims to expand this vibrant ecosystem Polygon.
Polygon Announces the Launch of a Direct Bridge by Ren Protocol
Polygon’s official Twitter announced to launch a direct bridge to Polygon by Ren open protocol.
Altcoins Making the Biggest Moves in the Market Today: XLM, MATIC, and HNT
XLM, MATIC, and HNT are leading the emerging market resurgence today.
Aave and MATIC Surge to New ATHs as On-Chain Transactions Rises
DeFi protocols Aave and Polygon has seen a surge leading to an ATH in their respective native tokens.
QuickSwap Breaches $1,000 for the First Time amid Increasing Adoption of Polygon
QuickSwap is a decentralized trading platform leveraging Polygon's Layer 2 network. Its native token QUICK achieved a new record-high today, breaching $1,000.
Polygon Surges by 2600% on a Year-to-Date Basis as Adoption of Layer 2 Accelerates
Polygon's rate of return is very impressive, rising by more than 2600%, from $0.0178 to $0.468 since the beginning of 2021.
Indian Tech Giant Infosys and Matic Network to Reinvigorate Dapp User Experience
In a pivotal technological partnership, Infosys joins Matic network as an early transaction validator. This synergy will offer a strong tech structure to the Matic operations with DApps.