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Polygon PoS Sees $1.2B Volume in 7 Days, Set to Join AggLayer Ecosystem

Mon 21st Oct 2024
**Polygon PoS** has seen nearly $1.2 billion in volume over the past week, showcasing significant activity on the network. This volume is slated to be integrated into the **AggLayer ecosystem**, enhancing cross-chain liquidity sharing. Key points: - Polygon PoS: $1.2B volume in 7 days - Integration with AggLayer ecosystem upcoming - Follows a 21-month high of $1.95B stablecoin market cap on PoS last month - Major projects driving growth: Aave, Polymarket, Uniswap, Quickswap Learn more about aggregation at **AggSummit**: - Date: November 10-11 - Location: Bangkok - Website: http://agglayer.dev

POL Rush: Final Call for Innovative Builders

Thu 10th Oct 2024
**POL Rush**, a pitch competition for innovative blockchain projects, is closing applications soon. Key details: - **Deadline**: October 20th - **Opportunity**: Grants, feedback, and support for selected projects - **Timeline**: - Oct 25: Finalists announced - Nov 1-7: Onchain voting - Nov 10: Live pitching at Aggregation Summit, Bangkok POL Rush aims to find and support the best builders in the blockchain space. It offers a platform for projects to pitch their ideas, receive funding, and bring their visions to life. **Apply now**: https://go.polygon.technology/3TXI6Qg
Community article

Stripe Launches Stablecoin Payments in 150+ Countries

Mon 21st Oct 2024
Stripe has announced a significant expansion in cryptocurrency payments, now supporting USDC transactions in over 150 countries using Polygon PoS. This move allows buyers to pay in USDC while businesses receive USD, streamlining global stablecoin payments. Key points: - Stripe processed over $1T in transaction volume in 2023 - 100+ companies use Stripe for $1B+ annual processing - 2.84 million websites utilize Stripe The platform will support USDC on Ethereum, Solana, and Polygon networks. Transactions settle instantly on-chain and automatically convert to fiat, positioning Stripe as a major crypto off-ramp. This development aligns with Beam's efforts in on-chain payments, enabling instant USDC transfers globally.

Agrotoken Develops Natural Resource Chain on Polygon CDK

Mon 21st Oct 2024
Agrotoken is pioneering a new approach to natural resource commodities management. Their upcoming Natural Resource Chain, built on Polygon CDK, aims to: - Enhance transparency in commodity tracking - Improve sustainability practices - Increase traceability of natural resources This development aligns with the growing trend of tokenization, which is expected to revolutionize various sectors beyond finance. The tokenized market for financial and real-world assets is projected to exceed $4 trillion by 2030, highlighting the potential impact of initiatives like Agrotoken's Natural Resource Chain.

Courtyard.io Breaks Sales Volume Record on Polygon PoS

Thu 17th Oct 2024
Courtyard.io has achieved a significant milestone by breaking the all-time high sales volume record on Polygon PoS. This accomplishment highlights the growing popularity and success of projects on the Polygon network. In related news: - 87% of prediction market TVL ($172m) is on Polygon PoS - Polymarket reached an all-time high record last week - Polymarket has nearly 16M transactions on Polygon PoS - New highs of 16.7K daily active traders These achievements underscore the increasing adoption and activity within the Polygon ecosystem, particularly in the prediction market sector.

Immutable zkEVM Goes Permissionless

Thu 17th Oct 2024
**Immutable zkEVM**, a gaming-focused blockchain powered by Polygon, has reached a significant milestone. The platform is now **permissionless**, allowing any developer to join and contribute to its growing ecosystem. This development opens up new opportunities for: - Game developers - Blockchain enthusiasts - Web3 innovators The move is expected to accelerate growth and innovation within the Immutable gaming ecosystem. Developers can now freely build and deploy their projects on this zkEVM platform. *What's next?* The community eagerly anticipates the creative projects that will emerge from this newly accessible environment.

Interoperability Beyond L2s: A Call for Broader Vision

Thu 17th Oct 2024
The crypto community is urged to think beyond Layer 2 (L2) interoperability. While recent efforts have focused on connecting different L2 solutions, the latest discourse suggests this approach may be limiting. Key points: - L2 interoperability is seen as insufficient - A call for broader, more ambitious thinking in blockchain connectivity - Potential for expanding interoperability across the entire Ethereum ecosystem This push for 'thinking bigger' follows recent discussions on making L2 a cooperative game and advancing Superchain Interop. The community is challenged to envision and create more comprehensive solutions that could redefine blockchain interaction and scalability.

Polytrade Pioneers On-Chain Global Trade on Polygon

Thu 17th Oct 2024
Polytrade is making waves in the $25 trillion international trade market by bringing transactions on-chain via Polygon. This follows their recent milestone of facilitating the first large-scale tokenized trade transaction using ERC-6960 for Oil & Gas assets. Key benefits of Polytrade's platform: - Real-time settlement - Instant asset transfer - Tranched payments - Low transaction costs (under $1) This breakthrough paves the way for more efficient and cost-effective global trade operations, potentially revolutionizing the industry.

Polygon PoS Dominates Prediction Market TVL

Thu 10th Oct 2024
Polygon PoS has captured 87% of the prediction market Total Value Locked (TVL), amounting to $172 million. This milestone highlights the platform's growing dominance in the sector. Key points: - Polymarket reached an all-time high record last week - Nearly 16 million transactions processed on Polygon PoS - 16.7K daily active traders, marking new highs Polygon PoS has also shown strength in other areas: - Handles 25% of all EVM transactions - Led AA DEX trades with $58m in volume - Processed more DEX trade volume than all other chains combined in September Polymarket's impressive stats on Polygon PoS: - Over $2B in trading volume - Almost $32M in asset value stored in safes - More than $3M in predictions placed in September
Community article

Aggregation Summit in Bangkok: Exploring the Future of Blockchain Aggregation

Thu 17th Oct 2024
The Aggregation Summit is set to take place in Bangkok, Thailand on November 10-11. This two-day event will focus on deep-diving into aggregation technologies and their impact on consumer experiences in the blockchain space. Key details: - Location: Bangkok, Thailand - Dates: November 10-11 - Focus: Aggregation in blockchain technology The summit aims to explore: - Cross-chain communications - Data aggregations - Future of aggregated blockchains **Free tickets** are available for students and builders. For more information and tickets, visit http://agglayer.dev Follow @AggLayer for updates and announcements.
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