Polygon
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Exploring the Frontiers of ZK Innovation and Ethereum Scaling.
Polygon powers Nepal's first blockchain-based disaster relief fund
Polygon opened crypto donations to Nepal's official Prime Minister Disaster Relief Fund, partnering with CrossRiverBank to route funds. It's part of Nepal's first-ever blockchain-based crypto fundraising campaign for flood relief; donations are fully directed to relief, verified onchain, and any supported token on any chain is accepted via Polygon OMS.
TrailsHQ enables cross-chain token sends to a single address
Polygon's account highlighted work by @TrailsHQ and @peterk that lets users send any asset on any chain to a single address, removing the need to match chains or hold the destination native token. The capability is accessible via the linked app.
The retweet points to the @0xAvious developer's tooling, positioning cross-chain transfers as a simplified single-destination action.
Polymarket Perps launches on Polygon
Prediction-market platform Polymarket has rolled out Polymarket Perps, a perpetuals-style product built on Polygon. The new offering brings leveraged price exposure to the platform, expanding beyond Polymarket's standard binary event markets.
- Perps are settled on Polygon's infrastructure, continuing the chain's role as a settlement rail for onchain financial products.
- The launch was announced via Polygon's official account, which spotlighted the integration. Specific trading pairs and fee details haven't been detailed yet.
Revolut launches euro stablecoin EURR on Polygon
Revolut launched EURR, its euro-backed stablecoin, on Polygon, confirming Polygon as the chain hosting the fintech's fiat-backed digital euro. The move adds another regulated stablecoin issuer to the network, joining Polygon's broader push as a settlement rail for fiat-backed currencies and onchain payments.
- The announcement follows Polygon's focus on stablecoin conversion rails through its Open Money Stack.
- In the same update, Polygon noted it joined the Bank of England's digital pound initiative, extending its presence in institutional fiat-currency experiments.
Polygon simplifies RPC access via single Lava Network endpoint
Polygon now offers simplified RPC access through a single endpoint on Lava Network (lavanetxyz). The integration streamlines how developers and users connect to Polygon's chain infrastructure by consolidating RPC calls into one endpoint, reducing configuration overhead.
- Single endpoint eliminates the need to manage multiple RPC URLs.
- Lava Network acts as the gateway, providing reliability and load balancing.
- Move aligns with Polygon's broader push to improve developer experience and infrastructure accessibility.
Hinkal launches private swaps on Polygon
Hinkal Protocol has launched Hinkal Swaps, enabling private token swaps both same-chain and cross-chain. The feature masks the public sender and visible balances, with no trace linking sender to the swap.
Hinkal is a privacy solution built on Polygon, which amplified the launch. The release extends onchain privacy tooling to cover both intra-network and cross-chain asset exchanges.
Polygon network governance call flags Austin, Kyoto hardforks live
In PPGC 45, Polygon's community governance call reported that the Austin and Kyoto hardforks are now live, alongside updates on PIP-85 and PIP-91. PIP-85 (the validator signature scheme upgrade) and PIP-91 (variable ... brief coverage) were on the agenda as Polygon continues rolling out network-wide upgrades.
- The hardfork activations and governance proposal status were the headline items from the call.
- These are administrative/on-chain upgrades to the Polygon PoS network.
OKX Nordics lists POL on X-Perps perpetuals
Polygon's $POL token is among four assets newly available on OKX Nordics' X-Perps perpetual futures, alongside $DASH, $ASTER, and $YB. The listing adds a new venue for trading POL with leverage in the Nordics market.
- X-Perps offers perpetuals-style exposure to the token.
- OKX Nordics announced the four additions at the start of the week on X.
Frax settles frxUSD-based FX pools on Polygon
Polygon spotlighted Frax Finance, which settles frxUSD-based foreign-exchange pools on Polygon alongside Curve Finance and **DFB_, turning multi-bank currency conversion into near-instant onchain settlement. A profile of Thomas Clement of Frax details how digital-dollar FX markets run on the Polygon chain.
USDC payments go live at AEON merchants across five regions on Polygon
USDC on Polygon is now live for everyday merchant payments through AEON across the Philippines, Africa, Brazil, Mexico, and Argentina. Users can spend USDC at physical stores using familiar regional methods including QR codes.
AEON announced the expansion is "officially LIVE," enabling local spending with Polygon as the underlying chain.
MATIC token upgraded to POL
After community consensus, Polygon upgraded its native token from MATIC to POL as part of the Polygon 2.0 roadmap, making POL the network's gas and staking token.
Marc Boiron named Polygon Labs CEO
Polygon Labs promoted chief legal officer Marc Boiron to the newly created CEO role, while President Ryan Wyatt stepped down to an advisory position.
Polygon 2.0 unveiled
Polygon announced Polygon 2.0, a set of proposed upgrades reimagining the protocol's architecture, tokenomics, and governance toward an aggregated 'value layer of the Internet.'
Polygon raises $450 million in MATIC sale
Polygon raised $450 million by selling MATIC tokens in a round led by Sequoia Capital India, with participation from Tiger Global and SoftBank Vision Fund.
Polygon acquires Mir blockchain for ~$400 million
Polygon acquired the Mir blockchain network for 250 million MATIC tokens, worth around $400 million at the time of the deal.
Polygon discloses MATIC theft from security vulnerability
Polygon disclosed a security vulnerability that resulted in the theft of 801,601 MATIC tokens.
Polygon acquires Hermez Network for $250 million
Polygon acquired the Hermez Network, a zero-knowledge rollup team, in an August 2021 deal valued at $250 million.
Matic Network rebrands as Polygon
The project renamed itself Polygon Technology, shifting from a single scaling solution to a broader ecosystem of Ethereum scaling solutions.
Matic mainnet launched
Polygon's ledger began on June 1, 2020, marking the launch of the Matic proof-of-stake mainnet on Ethereum.
MATIC token IEO on Binance Launchpad raises ~$5 million
Matic Network ran an initial exchange offering on Binance Launchpad, selling 1.9 billion MATIC tokens (19% of supply) and raising about $5 million.
Matic Network founded
Matic Network, the predecessor to Polygon, was founded by Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic.