Polygon's Ecosystem Token (POL) is rising in price after breaking above the 21-day SMA barrier.
Polygon's flagship DEX merges AI with DeFi to simplify complex tools and make them easily accessible.
Total value locked (TVL) is a widely used metric to track the popularity, adoption, and overall health of decentralized finance (DeFi) projects. However, is it the most accurate reflection of a chain's true value?
The Algorand price remains in a tight range this week, as activity in the cryptocurrency industry continues to stay muted. Algorand (ALGO), a layer-1 network, was trading at $0.1865 on Thursday, just above its lowest level this year.
As Polygon lays the groundwork for mainstream Web3 adoption in India by bringing blockchain access to over 450 million Reliance Jio users, it remains focused on balancing speed, scalability and affordability, without compromising on decentralization.Polygon is working with Jio, a telecom giant owned by India's richest man, Mukesh Ambani, to find ways to infuse blockchain technology into its existing services. The duo is currently adding blockchain-based capabilities to the JioSphere web browser, which would have been expensive, cumbersome and time-consuming via traditional methods.
Polygon's Ecosystem Token (POL) has halted its decline above the $0.15 support.
The crypto market tanked over the past 24 hours, with the market cap declining almost 3% to $2.63 trillion as bearish sentiment returned. Bitcoin (BTC) peaked at a local high of $86,397 before investors began booking profits.
Marc Boiron, CEO of Polygon Labs, speaks with a practiced clarity that reflects his background as a lawyer. Over the course of our conversation, he outlines Polygon's strategy to position itself as the connective tissue in an increasingly crowded blockchain ecosystem.
With the growing competition in the blockchain ecosystem, Shiba Inu's Layer-2 blockchain, Shibarium, is struggling to keep up with its competitors as its daily trading volume plunges to only $21,000, far behind rivals like Polygon and Base. This raises concerns for Shiba Inu investors as traders seem to be shifting their focus elsewhere.
The crypto market lost momentum over the past 24 hours, as cryptocurrencies, including Bitcoin (BTC), registered notable declines. As a result, the crypto market cap shrunk by just over 1%, falling to $2.58 trillion.
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.
Polygon's Ecosystem Token (POL) is stabilizing above the $0.19 low after breaking above the previous low of $0.29.
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.
Bitcoin price has failed to break the crucial resistance point at $90,000 this week. It has formed numerous risky patterns, pointing to a potential crash potentially below $80,000.
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.
Brazilian neobank giant Nubank has expanded its crypto offerings, adding support for ADA, NEAR, ATOM, and ALGO.
The crypto market registered a marginal increase over the past 24 hours as prices steadied, with its current market cap at $2.83 trillion. Bitcoin (BTC) reached an intraday peak of $88,635 before declining and steadying itself around $86,500.
Yearn Finance founder Andre Cronje teased an algorithmic stablecoin product, much to the chagrin of some users due to UST's 2022 collapse.
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.
Algorand and its token, ALGO, are positioned by developers as the foundation for a future borderless economy. However, the ALGO coin has been struggling in the past month.
Binance Announcement Today: The cryptocurrency exchange behemoth again nabbed substantial investor attention with its latest update on six tokens. On Monday, March 24, the CEX revealed plans to update the collateral ratios for CRV, UNI, ALGO, KSM, XTZ, and XEC crypto under ‘Portfolio Margin.
Bitcoin and crypto tokens dropped after a disappointing speech by Donald Trump at a closely-watched summit. They have also pulled back after the FOMC decision and ahead of the upcoming triple-witching event in the US.
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.
Bitcoin and many altcoins cautiously bounced back on Wednesday ahead of the Federal Reserve interest rate decision. Bitcoin (BTC) rose to $84,500 as it struggled to move above the psychological barrier of $85,000.
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.
The crypto market has had a bearish start to the week, with most cryptocurrencies trading in the red. However, some have managed substantial gains, including Toncoin (TON), Polkadot (DOT), Hedera (HBAR), and Litecoin (LTC).
Polygon's Ecosystem Token (POL) (formerly known as MATIC) hasfallen below the moving average lines and has broken above thelower price level.
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.
Lumia and Polygon Labs have teamed up to build the world's first crypto real-estate project, Lumia Towers. Following the announcement, crypto.
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 crypto market remains volatile, with the Pepe coin price crashing by over 75% from its highest level in December last year. This decline is happening as recession risks rise and the crypto fear and greed index remains in the red.