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The price of Polygon (MATIC) is in a sideways trend, trapped between two moving average lines.

Polygon, the Ethereum-based layer-2 scaling protocol, is making an impressive move to expand its developer ecosystem to bring the needed competition to the dominant leader in this niche - Cardano.

Polygon ranked first on the list of blockchains by total new NFTs in January, but the trend did not last.

The Polygon (MATIC) attempts to break out from a long-term descending resistance trend line that has been in place for more than 770 days.

Polygon (MATIC), one of the leading layer-2 scaling solutions for Ethereum, has emerged as a resilient force, with its on-chain metrics hinting at a potential mega rally ahead. Despite price fluctuations in the fourth quarter of 2023, Polygon managed to attract 15.2 million new users in January, setting the stage for what could be a promising journey in 2024.

TL;DR Polygon's Stablecoin Surge: Polygon's stablecoin market cap has seen a significant surge, reaching around $1.4 billion. TVL and Trading Volume Remain Unchanged: Despite the rise in the stablecoin market cap, other key metrics like Total Value Locked (TVL) and trading volume have not shown a notable impact.

The Polygon ecosystem has been seeing more inflows in recent weeks.

Polygon (MATIC) is a platform that enhances Ethereum's capabilities by providing scalable and interconnected solutions. Over the past year, the value of Polygon's native token, MATIC, has experienced fluctuations, despite its position as one of the cryptocurrencies with the largest Market Cap.

As part of its strategy to recalibrate and enhance operational performance, Polygon Labs will be reducing its workforce by 60, marking a 19% cut. This decision, shared by CEO Marc Boiron, aims at maintaining a lean and efficient team.

Polygon (MATIC) hits a new unique address milestone despite price concerns.

Polygon has announced restructuring plans, resulting in a reduction of its workforce.

With zero knowledge (ZK) proofs expected to be a game changer for blockchain scaling, Polygon may be on the brink of a major rally. Taking to X on February 2, crypto market commentator Polynya, asserts that ZK technology is the “endgame” as its “1,000x efficiency upside is irresistible for networks.

The developer behind the Polygon (MATIC) ecosystem is laying off 19% of its workforce, though the company's chief executive says the staff shakeup isn't due to financial reasons.

Polygon Labs sacrifices 19% of its workforce hyperfocus on a single narrative.

Retik Finance has positioned itself as a formidable challenger to established players, particularly Polygon (MATIC). With Retik Finance currently valued at $0.

Polygon Labs has laid off 19% of its team, reducing operational efficiency. CEO Marc Boiron emphasized the decision for agility in the blockchain sector.

Amidst a turbulent cryptocurrency market, Cardano (ADA) faces challenges. With the broader market in decline, ADA's price has hit a crucial point at $0.5, potentially impacting its short-term direction.

Polygon Labs, the company behind the Polygon blockchain, has announced layoffs affecting approximately 19% of its team members.

Cardano is currently navigating through turbulent market conditions. As the broader cryptocurrency market experiences a downturn, ADA has reached a psychologically significant price level at $0.5, which could be a decisive factor for its short-term price trajectory.

Polygon Labs becomes the next crypto firm to announce layoffs, but not as a cost-cutting measure.

Polygon Labs on Thursday announced that it was going to spin off its Polygon ID division to focus on “core protocol development work”. The developer also said that it will lay off around 19% of its workforce in an attempt to enhance performance.

In a bold move that has caught the attention of the crypto world, Polygon Labs, the brains behind the innovative layer-2 rollup network known as Polygon, has announced a significant reduction in its workforce.

Polygon Labs' CEO announced the departure of 60 staff members, representing 19% of its workforce.

In February 2023, Polygon announced layoffs affecting about 100 people as part of internal restructuring efforts.