21X and DekaBank Complete First Tokenized Asset Trade on Polygon Testnet

The **Billions Network Supermasks mint** is set to begin, launching on the Polygon blockchain. This NFT collection represents another addition to Polygon's growing ecosystem, which has already established itself as a major player in tokenization with over **$1.1 billion in real-world assets** across 265+ issuances. The mint timing aligns with Polygon's continued expansion in the digital asset space, offering users another opportunity to participate in the network's NFT marketplace.

**VeloraDEX has launched instant crosschain swaps on the Polygon network**, expanding their multi-chain trading capabilities. - Users can now swap tokens across different chains directly through Velora's interface - **No bridges, multiple transactions, or friction** required - Powered by Across protocol's fast finality and capital-efficient design This launch builds on Velora's previous crosschain functionality, making them a major aggregator utilizing Across's composable infrastructure. The integration represents progress toward **unifying Ethereum's ecosystem** - making rollups feel like one cohesive network rather than separate chains. Try the new crosschain swaps at [velora.xyz](https://www.velora.xyz/)

**Polygon achieves milestone** with P2P stablecoin volumes reaching **$5.06B in September** - an all-time high for the network. **Key developments:** - Stripe surpassed $50M in lifetime stablecoin volumes on Polygon via Paxos - Polygon leads all EVM chains, including Ethereum, for stablecoin activity - Network becoming the preferred infrastructure for everyday payments **Emerging trend:** Polygon is positioning itself as the home for emerging market stablecoins beyond traditional USD and Euro-backed tokens. The data shows **money moves faster on Polygon**, making it the default choice for payment rails and stablecoin transfers across decentralized exchanges.

**AlloyX has launched RYT**, a tokenized money market fund on Polygon, marking a significant step in bringing traditional finance to DeFi. **Key Details:** - Fund operates on Polygon network for lower costs and faster transactions - **Standard Chartered Bank** provides institutional-grade custody services - Offers regulated money market fund exposure through blockchain technology This collaboration represents a **bridge between traditional banking and DeFi**, allowing investors to access money market returns while benefiting from blockchain efficiency. The partnership leverages Standard Chartered's regulatory compliance and custody expertise, potentially attracting institutional investors seeking familiar safeguards in the crypto space.

**ETHGlobal New Delhi Hackathon Results** Polygon hosted a successful hackathon focused on AI agents and payments, attracting significant developer interest: - **64 projects** built by **550 hackers** - **15,000 transactions** processed via x402 - Three payment facilitators now live on Polygon **Top 5 Winning Teams:** - [Autonome](https://ethglobal.com/showcase/autonome-d8cxe) - [Director AI](https://ethglobal.com/showcase/director-ai-1gsss) - [Instant](https://ethglobal.com/showcase/instant-kopi2) - [ZKred Agent ID](https://ethglobal.com/showcase/zkred-agent-id-4aesd) - [ad-402](https://ethglobal.com/showcase/ad-402-5bnqt) **AlloyX Launches Real Yield Token (RYT)** AlloyX introduced a tokenized money market fund on Polygon with institutional-grade features: - **Daily cycles** with T+1 settlement - **Recursive looping** - RYT can be supplied as collateral and borrowed against - **Low fees** and near-instant finality - **Onchain transparency** with selected data published The collaboration between Polygon Labs and AlloyX focuses on DeFi integrations and institutional adoption, combining compliance requirements with onchain speed. [Full announcement](https://polygon.technology/blog/alloyx-launches-tokenized-money-market-fund-real-yield-token-ryt-on-polygon)