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Polygon, a Layer 2 scaling solution, has exhibited a descending trend, reflecting the recent downturn in the cryptocurrency market. This decline is part of a broader global market correction, as most other cryptocurrencies have also turned bearish.
Polygon MATIC's price slide goes into overdrive as global macroeconomic concerns grow.
Polygon's Ecosystem Token (POL) is trading sideways after selling pressure eased on July 5. The cryptocurrency fell to a low of $0.43 before recovering.
Polygon (MATIC) recently broke below the crucial support level at $0.5 and is at risk of further price declines. This price drop is thanks to several traders who offloaded their tokens as soon as Polygon reached this support level amid the downtrend in the broader crypto market.
Investors in Polygon (MATIC) may have been forced to take matters into their own hands. From the observation on-chain, this potential action can be linked to MATIC's underwhelming performance.
Polyhedra has entered into a partnership with Google Cloud that will allow the expansion of the use of ZK proofs on the Polygon, Linea, and Lita networks.
Jokerace, a project live on 90 chains and used by some of the biggest crypto projects, raised a round of funding to expand its business.
TL;DR Unifying Liquidity Across Ecosystems: Movement Labs partners with Polygon Labs to enhance liquidity solutions on Layer 2 blockchains. The collaboration bridges MoveVM-based networks and Ethereum using Polygon's AggLayer technology. Public Testnet Success: Movement Labs' public testnet attracts $160 million in committed TVL before mainnet launch.
In response to the recent $230 million WazirX hack, India's Bharat Web3 Association (BWA) is taking decisive steps to enhance cybersecurity and consumer protection within the crypto industry. The BWA, chaired by Dilip Chenoy, announced the formation of two new internal groups dedicated to these areas.
The cryptocurrency market has recorded massive price volatility over the past few days. Moreover, the market leader, Bitcoin price has displayed a significant plunge after reclaiming $70K over the past weekend.
MoveVM Chains are coming to the AggLayer in a move tipped to open the altVM "floodgates."
Movement Labs' integration with Polygon's AggLayer could significantly enhance blockchain interoperability and liquidity, advancing Web3's global reach. The post Movement Labs joins Polygon's AggLayer to unify liquidity appeared first on Crypto Briefing.
According to a new court filing, holders of Solana (SOL), Cardano (ADA), and Polygon (MATIC) can all breathe a sigh of relief. The U.S. Securities and Exchange Commission (SEC) has backed down on its claim that they are unregistered securities in its lawsuit against global crypto exchange Binance.
Movement Labs has announced a partnership with Polygon Labs to join the AggLayer, marking a significant advancement in blockchain interoperability.
The collaboration coincides with Movement's public testnet launch ahead of the Move-based chain's mainnet later this year.
Movement Labs joins Polygon's AggLayer to boost blockchain interoperability and protect developers against 90% of auditor-prioritized attack vectors.
The collaboration will enable unified liquidity across MoveVM-based layer-2 blockchains.
The U.S. SEC has decided to pause its allegations that the native crypto assets of Solana, Cardano and Polygon are unregistered securities in its ongoing lawsuit against Binance. The U.S.
Polygon (MATIC) price will likely witness slow or no recovery over the next few trading sessions.
Polygon Labs teases an altVM chain addition to the AggLayer, tipping it to kick off a major adoption trend.
Polygon (MATIC) price is in the midst of breaking out and holding on at the current price owing to the mixed sentiment from the market.
Layer 2 scaling solution Polygon has maintained strong network activity even as the broader cryptocurrency market and its native token, MATIC, experienced a downturn in the second quarter of 2024, according to a new report from market intelligence platform Messari. Polygon Weathers Crypto Market Downturn While MATIC saw a 44.3% drop in its circulating market cap to $5.5 billion over the quarter, placing it as the 20th largest crypto asset (currently at the 26th position), the protocol's on-chain metrics remained strong.
Polymarket's impressive growth has earned Polygon more revenue.
The price of Polygon's Ecosystem Token (POL) has been trapped between moving average lines since bulls bought the dip at the low of $0.43 on July 5.
