Polygon's Ecosystem Token (POL) has started to experience additional selling pressure after failing to hold above the $0.20 support level.
Aavegotchi, a project that combines non-fungible tokens (NFTs) and Web3 gaming, has chosen to stop using Polygon MATIC and move to Base, an Ethereum ETH Layer-2 network.
Aavegotchi, a non-fungible token (NFT) protocol focused on Web3 gaming, has opted to abandon blockchain network Polygon and “go all-in” on Base, an Ethereum layer-2 scaling chain, according to the results of an onchain vote. On April 8, Aavegotchi's community members voted 93.5% in favor of a proposal to “Make Aavegotchi Based Again” by deprecating the protocol's smart contracts on Polygon and re-deploying on Base, according to Aavegochti's governance page.
The move follows sharp drops in user activity and total value locked on Polygon as Base's usage climbs
TL;DR The Aavegotchi community approved, with over 95% support, the migration from Polygon to Base and the deactivation of the Geist contract. All game assets will be duplicated on Base, while contracts on Polygon will be locked to prevent changes or transfers.
The Aavegotchi community has voted to migrate from its existing deployment on Polygon to Base and sunset its Geist Layer 3.
Stani Kulechov's Lens Protocol has launched its ZKsync-powered Layer 2 Lens Chain to propel web3 social networking and data ownership.
Polygon's Ecosystem Token (POL) is stabilizing above the $0.19 low after breaking above the previous low of $0.29.
TL;DR Lido DAO has strengthened its governance system with extended two-phase voting periods, an emergency mechanism called GateSeal, and a structure of expert committees for technical and financial decision-making. These enhancements aim to boost participation, reduce risk, and ensure transparent, decentralized governance.
The traditional four-year crypto market cycle, once closely tied to Bitcoin halving events, is no longer as predictable as it once was.
The halving, once the war drum of the bull market, has fallen silent. In the silence, Bitcoin seeks a new rhythm in a crypto market that dances differently.
The four-year crypto market cycle that traders and investors have become accustomed to is no longer as pronounced due to the maturation of crypto as an asset class and the participation of institutional investors, according to Polygon co-founder Sandeep Nailwal.During a recent episode of Cointelegraph's Chain Reaction, Nailwal said that Overall speculative activity is down due to high interest rates in the United States and low-liquidity conditions, but will rebound once rates are cut and the Trump administration settles into its new role. Although interest rates on 10-year Treasury bonds have come down significantly, rates still remain relatively high.
The strong gains in the past two and a half days meant that POL had a bullish structure on the 4-hour timeframe.
Polygon price has crawled back in the past few days as the number of active addresses on the chain rises. Polygon (POL) rose to an intraday high of $0.
Sui (SUI) was also a top performer, gaining 6% from Tuesday.
The price of Polygon's Ecosystem Token (POL) rises again after retesting $0.190. It now rises to $0.29, the altcoin's lowest price.
Real-world asset (RWA) tokenization platform DigitShares is bringing tokenized real estate trading to Polygon with the launch of RealEstate.Exchange, also known as REX.According to a March 25 announcement, REX is designed to offer retail investors a compliant venue for fractional property investments in a secondary market, potentially addressing the industry's existing liquidity constraints. As Cointelegraph explained, secondary RWA trading platforms provide liquid off-ramps for investors looking to cash out of their holdings.
Cryptocurrency prices remain under pressure this month as the crypto fear and greed index moved to the fear zone and Bitcoin imploded to the bear market. They also dropped as concerns about the impact of Donald Trump's tariffs on the US economy.
Blockchain philanthropy is gaining momentum, with Blockchain For Impact (BFI) surpassing $90 million in allocations toward healthcare, biomedical research, and climate resilience.
EigenLayer has enhanced two major integrations, with Mantle Network and ZKsync adopting EigenDA for data availability and ZKsync also incorporating EigenLayer's Autonomous Verifiable Services (AVSs) for decentralized zero-knowledge (zk) proving. These partnerships expand EigenLayer's role in Ethereum's modular security landscape, reinforcing its position as the leading restaking protocol.
The co-founder of Polygon Labs, Sandeep Nailwal, announced that the decentralized philanthropic organization Blockchain for Impact (BFI) has already allocated more than 90 million dollars for projects focused on healthcare.
Polygon co-founder, Sandeep Nailwail's donation fund, Blockchain For Impact, has surpassed $90 million in funding for healthcare innovation. BFI also pledged another $200 million for future initiatives.
A renowned crypto market analyst projected a highly bullish outlook for Polygon this Wednesday, triggering severe market concerns globally. Market expert Ali Martinez hinted that POL price remains primed to crash and hit a $0.04 level ahead.
Polygon's Ecosystem Token (POL) (formerly known as MATIC) hasfallen below the moving average lines and has broken above thelower price level.
The ZKsync Ignite program will be discontinued after its first season, with the DeFi Steering Committee (DSC) announcing that rewards will cease on March 17, 2025. The decision is driven by a strategic shift towards focusing resources on the Elastic Network, which is seen as essential for the long-term vision of ZKsync.
The stablecoin market cap hit a new all-time high (ATH) of $226.8 billion this Thursday—even as the broader crypto market experienced a significant dip. A Santiment report highlights that on March 12, the on-chain activity of Tether (USDT) reached a six-month high, with over 143,000 wallets transferring USDT in a single day.
The company behind ZKsync DAO prematurely ended its Ignite rewards program effective March 17, citing bearish market conditions.
TL;DR ZKsync DAO ends the Ignite program ahead of schedule, avoiding the second season of rewards for DeFi projects due to market conditions and a more conservative strategic approach. The decision aligns with the priority of developing the Elastic Network, a multichain ecosystem within ZKsync that aims to enhance interoperability and efficiency in decentralized finance.
ZKsync has announced the cancellation of the second season of Ignite and remains committed to its Elastic Network vision.
The blockchain has lost around 50% of total value locked since Jan. 30.
ZKsync's DeFi Steering Committee (DSC) said it will not renew ZKsync Ignite, its liquidity reward program, as the project shifts its focus to broader network expansion.The DSC confirmed that Ignite's second season will not proceed and that the program will be discontinued on March 17. This also cancels the reward allocation for period 6, the final phase of the program's first season.
ZKSync will not launch Season 2 of its Ignite program, which aimed to boost available liquidity for DeFi. ZKSync will now focus on the Elastic Network and improve the ZK tokenomics to offset the bearish market conditions.
Lumia and Polygon Labs have teamed up to build the world's first crypto real-estate project, Lumia Towers. Following the announcement, crypto.
The committee said that prioritizing technology development for native interoperability across ZKSync's Elastic Network is crucial.
Mercado Bitcoin is set to tokenize over $200 million in real-world assets using Polygon's blockchain, enhancing accessibility and liquidity in Latin America. As the RWA market grows, this partnership signals a shift in how financial assets are structured and exchanged. The post Mercado Bitcoin, Polygon Labs to Expand Tokenized Real-World Assets in Latin America appeared first on Cryptonews.
TL;DR Compound has launched new vaults on Polygon with Gauntlet and Morpho, aiming to regain market share against competitors like Aave. The collaboration uses Morpho's infrastructure, which has sparked controversy due to the potential reliance on a direct competitor's technology.
Decentralized finance protocol Compound is marching ahead with plans to tap into its competitor Morpho with the launch of new lending vaults on Polygon. The new vaults went live on March 13 at 11:30 a.m.
The deal, proposed by Gauntlet, has drawn some criticism for essentially sidelining Compound and potential conflicts of interest.
Polygon (POL) holders are likely not enthusiastic about ecosystem developments owing to the token's performance. In the last 30 days, POL price volatility has triggered a downward trend, resulting in losses for 99% of ecosystem addresses.
The collaboration aims to expand access to tokenized private credit and other real-world assets in the region.
Buying LDO at these levels went against the trend and technical indicators- is it better to wait for reversal signals, or chase higher potential returns?
TL;DR The crypto market is experiencing a strong correction, with significant losses in Dogecoin (DOGE), Ethereum (ETH), and Lido DAO (LDO). Traders betting on a recovery were the most affected, with losses reaching up to $420 million in BTC, $150 million in ETH, and $30 million in DOGE.
Polygon's Ecosystem Token (POL) has seen a sharp drop in value after crossing the lowest price point of $0.29 and then falling to $0.21.
Polygon's $100 billion volume milestone looms, but key metrics indicate possible consolidation or a rebound.
While Polygon (POL) has faced an 8.85% decline over the past week, a lesser-known crypto is gaining momentum. Mutuum Finance (MUTM), currently priced at $0.015, is approaching its next presale phase, where its value will rise to $0.02.
The module may further increase Lido's node operator set and improve staking risk mitigation, the CEO of SSV Labs told Cointelegraph.
The module may further increase Lido's node operator set and improve staking risk mitigation, the CEO of SSV Labs told Cointelegraph.
Analyst warns that POL might face a massive decline, possibly dropping to $0.041, after a year-long downtrend.