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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Polygon has announced plans to replace its native MATIC token with POL as part of the Polygon 2.0 upgrade. POL will serve as an instrument of coordination and growth of the Polygon 2.0 ecosystem and
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Tokenized Treasurys has grown to a $600 million market, with Ondo Finance’s OUSG token claiming a significant share of $134 million since its inception in January. Flux Finance, developed by Ondo’s team and governed by a decentralized autonomous organization (DAO) through community votes, lets investors take out loans by pledging
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Ethereum layer 2 development firm Polygon proposed upgrading its in-house MATIC (MATIC) token into a multipurpose token that can be used to validate multiple chains.The proposal for MATIC’s technical upgrade is subject to approval from the Polygon community. Once approved, MATIC’s upgrade to a multipurpose token will result in its
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Polygon (MATIC) price is up today, mirroring upside moves elsewhere in the cryptocurrency market as traders assess a mix of fundamental factors.On July 11, the MATIC price rose 2.32% to $0.75, its highest level in a month — outperforming the crypto market, whose valuation stayed relatively unchanged from the previous
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The cryptocurrency market is no stranger to swiftly shifting dynamics that can even cause established players to face challenges. Recently, leading cryptocurrencies like polygon (MATIC) and cardano (ADA) posted sharp declines in trading volumes, leaving investors
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The management changes come as Polygon, which runs two of the most closely watched networks for scaling Ethereum transactions, is in the midst of a rebrand to the next chapter of its corporate development, known as "Polygon 2.0." Source
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Blockchain network Avail has launched a testnet data availability bridge to Ethereum, according to a July 7 announcement. Once testing is completed, the bridge will allow developers to easily create “validiums” or low-cost layer-2s that do not store full transaction data on Ethereum, the announcement stated.Avail was originally created by
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“When an L3 or a validium sends the transaction data to Avail, the data attestation bridge provides the attestation on Ethereum,” Anurag Arjun, the founder of Avail, told CryptoX. This then proves to Ethereum that “whatever data was submitted by the rollup to Avail is actually available.” Source
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Polygon Labs, creator of the Polygon network, has proposed an architecture for its forthcoming “Polygon 2.0” project. The team suggested in a June 29 blog post that the new project should be made up of four different “layers” that will combine to create a web of networks ultimately connected to
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According to court documents from last December, Celsius controlled 90 million MATIC, 103 million ADA, 161,000 SOL, 3.3 million LINK, 1.8 million polkadot (DOT), 200,000 litecoin (LTC) and 106,000 AAVE on November 25, 2022. It was not entirely clear what the company’s current positions are in those assets and how
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