Polygon
18139 followers · 22 stories
Exploring the Frontiers of ZK Innovation and Ethereum Scaling.
18139 followers · 22 stories
Exploring the Frontiers of ZK Innovation and Ethereum Scaling.
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.
Polygon is spotlighting settlement of swaps and yield inside apps, now live for teams building with @turnkeyhq. The underlying rail costs a fraction of a cent and settles in seconds, letting app teams set their own fees while Polygon handles the low-cost, fast settlement underneath.
Polygon's account highlighted work by @TrailsHQ and @peterk that lets users send 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.
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.
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.
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.
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.
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.
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.
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.
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.
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 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 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 acquired the Mir blockchain network for 250 million MATIC tokens, worth around $400 million at the time of the deal.
Polygon disclosed a security vulnerability that resulted in the theft of 801,601 MATIC tokens.
Polygon acquired the Hermez Network, a zero-knowledge rollup team, in an August 2021 deal valued at $250 million.
The project renamed itself Polygon Technology, shifting from a single scaling solution to a broader ecosystem of Ethereum scaling solutions.
Polygon's ledger began on June 1, 2020, marking the launch of the Matic proof-of-stake mainnet on Ethereum.
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, the predecessor to Polygon, was founded by Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic.