Latest News

MATIC gained bullish momentum at a time when its zkEVM fell victim to a network issue.

Polygon, a leading Ethereum scaling protocol, grapples with operational challenges as its zero-knowledge Ethereum Virtual Machine (zkEVM) encounters downtime due to issues with the blockchain sequencer. This setback has sparked concern within the crypto community, prompting discussions about transparency and resilience in the face of technical disruptions.

The crypto community has been pondering on social media about the ongoing downtime, while Polygon assures its users that it is actively working to resolve the issue.

Ethereum Layer2 platform Polygon zkEVM encounters a network outage during its anniversary week. Several block explorers reveal that the network hasn't produced blocks for nearly 24 hours. The team explained that sequencing issues from L1 reorganization tampered with the zkEVM Mainnet Beta, causing the outage.

Polygon zkEVM mainnet Beta faced a 12-hour outage due to sequencing issues stemming from L1 restructuring.

Current data from in-house Explorer has it that Polygon zkEVM is experiencing an outage that has rendered it inactive for more than 12 hours on Saturday. Polygon zkEVM the New Protocol Battling Outage Polygon zkEVM, which is natively compatible with ERC-20-based applications, was launched almost a year ago on March 27, 2023.

The network, which launched a year ago this week, has thus far struggled to gain traction among developers.

Polygon Labs unveils a new product to simplify the DApp development process for EVM chains.

Pigcoin, a meme coin with its robust community based on the Polygon chain, is pleased to announce that its PIGCOIN will be listed on Gate.io on the 1st of April, one of the world's leading cryptocurrency exchanges. This marks the second exchanges to list Pigcoin, following its successful debut on MEXC this year.

The Polygon (MATIC) price is under scrutiny as Daily Active Addresses have declined over the last eight days, hitting a seven-day Moving Average low not observed since February 27. With 51% of MATIC holders now facing losses, there's a likelihood they might cling to their assets in anticipation of future price recoveries.

Polygon has emerged as a frontrunner, spearheading innovation and driving forward the vision of a decentralized future. At the core of Polygon's recent strides lies the Napoli hard fork, a monumental development that has sent shockwaves through the crypto community.

The price of Polygon (MATIC) has fallen below the moving average lines. Price analysis by Coinidol.com.

The initiative, aptly named the Inevitable Games Fund (IGF), represents a fusion of expertise and vision from key players in the blockchain and gaming sectors. Polygon (MATIC) Labs and Immutable will serve as the driving forces behind deal-sourcing and Web3 gaming expertise, while King River Capital will oversee the deployment of the fund, ensuring optimal growth and returns for investors.

In the dynamic realm of blockchain technology, the quest for tools that streamline the development process of decentralized applications (dApps) is relentless. As the industry grows, so does the necessity for platforms that not only simplify development workflows but also enhance scalability and user experience.

Zero-knowledge proofs startup Succinct Labs announced it has raised $55 million in a seed and Series A financing round led by Paradigm.

TL;DR The Napoli update on Polygon introduces support for RIP-7212, a Rollup Improvement Proposal that enhances interoperability with conventional technology. Napoli also includes improvements in block space efficiency and network security. This collaboration underscores the importance of Layer 2 solutions for Ethereum's mass adoption.

Polygon's Napoli hard fork, incorporating the RIP-7212 upgrade, marks a significant advancement in interoperability with mainstream tech by introducing support for the elliptic curve digital signature algorithm commonly used across the internet.

Following a surge to $1.29 fueled by enthusiasm over the Ethereum London upgrade and increased inflows to Bitcoin ETFs, MATIC has experienced a notable retreat, dipping below the $1 mark for the first time in two weeks. This abrupt reversal has prompted speculation among traders and analysts, with questions arising about whether this is merely a temporary correction or the beginning of a more sustained downturn.

Polygon Labs joins hands with King River Capital and Immutable on $100 million Web3 gaming fund.

The genesis of this audacious endeavor stems from the visionary minds at Immutable, Polygon, and the esteemed venture capital firm, King River Capital, in tandem with the innovative Polygon Labs. The fund, touted as “ecosystem-agnostic,” boasts an impressive roster of support from a myriad of stakeholders.

The cryptocurrency market is buzzing with excitement over the arrival of a new player, Option2Trade (O2T), which is making headlines with its ambitious projection of achieving 1000x returns before Polygon (MATIC) reaches its much-anticipated $3 valuation.

Cryptocurrency analyst Ali Martinez believes that Polygon's (MATIC) recent 21.57% price drop over the last week might be nearing its conclusion. Martinez, speaking through platform X, noted that the Tom DeMark (TD) Sequential indicator has issued a buy signal for MATIC.

The “Inevitable Games Fund,” launched as a result of the partnership between the three companies, has a $100 million budget to invest in Web3 gaming startups.

Polygon's partnership with Starbucks was part of its growth strategy, aiming to secure high-profile collaborations with leading consumer brands worldwide.