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Polygon Labs CEO questions the need for Layer 3 networks, citing risks to Ethereum's value.

If all layer 3s settled to one layer 2, Ethereum would capture no value, and its security would be at risk, argues Polygon CEO Marc Boiron.

The growing adoption of crypto's latest Layer 3 chain has minted millionaires and drawn in criticism from high-profile detractors.

One project has been making huge waves in the ever-evolving crypto space recently. Polygon has seen an unexpected surge in daily active users.

Polygon (MATIC) struggles to stay afloat after impressive surges that drove prices towards the $2 mark. Meanwhile, IntoTheBlock's data reveals a mixed narrative for holders, with 51% facing losses. The altcoin reflects volatility, leaving 43% in profits and 5% at break even.

March 14 marked a significant milestone for Polygon (MATIC) as its daily active addresses surged to 3,301, coinciding with a price spike to $1.27, the highest since February 2023. This surge underscored the close correlation between MATIC's price movements and its active user base, suggesting that increased engagement could drive further price appreciation.

In the realm of blockchain governance, integrity and fairness are paramount. However, recent events have cast a shadow over these principles as Mudit Gupta, Polygon's Chief Information Security Officer, finds himself entangled in a dispute over his eligibility for Arbitrum's Security Council elections.

The price of Polygon (MATIC) is witnessing a resurgence, indicated by a recovery in daily active addresses following steep declines. This uptick, supported by the RSI 7D, suggests potential for further buying that could boost MATIC's price.

Polygon, formerly known as Matic Network, has emerged as a leading layer 2 scaling solution for Ethereum. Its primary objective is to address Ethereum's scalability issues by providing a framework for building and deploying decentralized applications (dApps) with lower transaction costs and faster throughput.

Polygon (MATIC) trades between the moving average lines.

MDUS, a global medical project based on blockchain technology, announced on March 28 that it has successfully completed the transition from the Klaytn-based platform to the Polygon Mainnet as part of its efforts to build a global ecosystem. MDUS is a blockchain-based medical project that focuses on sharing patients' medical service experiences.

A higher stablecoin market cap meant higher liquidity and efficiency.

At the heart of Polygon's market dynamics lie its investors, whose sentiments often dictate the coin's price movements. Recent market upheavals have engendered a sense of caution among investors, reflected in the decline in network participation.

Polygon zkEVM resumes normal operations after weekend crisis.

The Polygon (MATIC) price managed to bring itself back above the $1 mark this week after nearly closing a daily candlestick below it.

The price of Polygon (MATIC) is falling after reaching resistance at $1.28. According to analysis by Coinidol.com buyers were unable to sustain the positive momentum above the $1.30 high.

As a leading provider of AI-driven Web3 infrastructure, ChainGPT's collaboration with Polygon Labs marks a notable step forward. By utilizing ChainGPT's AI NFT Generator on the reliable Polygon blockchain, the partnership aims to streamline NFT development and minting processes, ultimately revolutionizing the NFT market.

TL;DR Polygon zkEVM Mainnet Beta resumes after a period of inactivity. The zkEVM team applied a necessary fix after activating the emergency state. The incident only affected the MATIC zkEVM Mainnet Beta and had no impact on other Polygon features.

Soon after the outage, the Emergency Council for Polygon zkEVM Mainnet Beta swiftly intervened thereby issuing a fix in no time.

Operations have resumed on the Polygon zkEVM Mainnet Beta after a short period of downtime.

This technical problem paused operations, leading to quick fixes by the development team. The Polygon team will detail the issue's cause, resolution steps, and preventive measures in a post-mortem report.

Polygon Labs promised a detailed post-mortem of the entire episode early next week.

Polygon zkEVM Mainnet Beta suffered downtime over the weekend as the network encountered a sequencer glitch. The outage, which only affected Polygon zkEVM and not Polygon CDK or PoS, arose from a sequencing issue due to a layer1 reorganization.

Over the last weekend, Polygon's zkEVM, which is currently in beta, went down for nearly 10 hours. The Polygon zkEVM Mainnet Beta encountered a sequencer problem due to an L1 reorg.