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The price of MATIC, the token that powers the leading Layer 2 (L2) platform Polygon, has declined by 10% in the past seven days. This has caused it to trade close to the lower line of the horizontal channel, which it has trended within since April 13.
MATIC's price action of late has left many investors wanting. Will they look elsewhere soon?
To grasp the significance of Polygon (MATIC) in the cryptocurrency landscape, it's essential to understand its underlying technology and value proposition. Polygon serves as a layer 2 scaling solution for Ethereum, addressing scalability issues and enhancing the user experience on the Ethereum network.
A cluster of long liquidation levels is at $0.8, and another cluster at $0.762, meaning that bulls must be wary.
Polygon Labs' speed in backing a replica of the Solana memecoin generator raises questions about their intent.
Polygon moves to bolster the cloud options of developers building with its Layer 2 kit.
As BeInCrypto highlighted in a previous analysis when MATIC was trading at $0.74. The price action remains bullish since the support levels have not been broken to the downside.
Latest updates on LTC, MATIC, and Blum coins
Fleek and Polygon Labs partner to offer Polygon CDK developers innovative onchain cloud services, promising enhanced performance and cost savings. The post Fleek teams up with Polygon Labs to boost on-chain cloud solutions appeared first on Crypto Briefing.
Moon Girl NFT collection tops daily sales to help Polygon beat Solana.
Polygon's Ecosystem Token (POL) is still trading in a price range of $0.64 to $0.75. The cryptocurrency is recovering from its recent drop and is trading at the lower end of the chart.
Polygon Labs takes another step to strengthen its ZK team.
Polygon Labs has bought Toposware, valued around $30 to $50 million, and expanded their ZK research and development team. After the acquisition, the newly formed team will work to foster the development of ZK technology and its community.
Polygon Labs has acquired Toposware, a Zero-Knowledge (ZK) startup, which has been working on its type 1 prover technology for some time now.
In a strategic move to bolster its zero-knowledge technology development, Polygon Labs has acquired Toposware, a zero-knowledge (ZK) engineering startup. The deal is aimed at integrating Toposware's expertise with Polygon's ongoing projects to advance the entire ZK community.
TL;DR Polygon Labs acquires Toposware, a blockchain research and engineering company specializing in zero-knowledge (ZK) technology. This acquisition consolidates Polygon Labs as a leader in ZK development, with the goal of improving the scalability and security of Web3.
Ethereum ecosystem contributor Polygon Labs increased its zero-knowledge investment to $1 billion with its acquisition of the startup Toposware.
The strategic acquisition strengthens Polygon's position in zero-knowledge technology
Polygon Labs acquires Toposware, advancing ZK rollup technology and reinforcing its position in Web3 development. The post Polygon Labs acquires Toposware to enhance ZK capabilities appeared first on Crypto Briefing.
Polygon Labs acquires Toposware for zero-knowledge tech advancement.
Polygon Labs has acquired Toposware, a blockchain research firm specializing in zero-knowledge technology.
The deal brings Polygon's cumulative zero-knowledge technology investment to over $1 billion, the company said. Toposware's team is behind Polygon's Type 1 Prover technology.
The acquisition means that Polygon has invested over $1 billion in zero-knowledge technology and firms, the team shared in a press release. Sources close to the deal told CoinDesk that the acquisition is near $30-50 million.
The news comes three months after Avail, the data availability company, disclosed its $27 million seed funding round.
