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news-imageApril 23, 2024

Polygon (MATIC), Others Beaten as Optimism Wins Celo's L2 Bid

cLabs decides on its preferred tech stack for Celo's Ethereum Layer 2 transition.
Publisher: Dailycoin
Sentiment: Positive
CELO
POL

More News Articles

Positive
cover-imageCrypto Economy
April 23, 2025

Polygon and Pyse Electrify Dubai, Eye India's EV Boom

TL;DR Polygon and Pyse launch a model that tokenizes electric delivery motorcycles and monetizes their environmental and urban data on blockchain. The system rewards users with tokens based on the value of the data generated, which is later commercialized for logistics and insurance.

Positive
cover-imageThe Cryptonomist
April 23, 2025

Polygon surpasses Ethereum: the new era of NFTs linked to real-world assets

In recent months, the world of NFTs has witnessed a significant evolution. If in the past the focus was mainly on digital art, today the focus is shifting towards tangible assets, and at the forefront of this transformation is Polygon, which has recently surpassed Ethereum in terms of weekly sales. According to the data from CryptoSlam updated as of April 22, NFTs on Polygon generated 22.1 million dollars in weekly sales, recording an increase of 17.64% compared to the previous week. In comparison, Ethereum stopped at 21.8 million, while Mythos Chain and Bitcoin totaled 14.3 million and 14.1 million respectively. This jump led Polygon to hold 24% of the global NFT transaction volume, out of a weekly total of 92.9 million dollars.

Positive
cover-imageCryptonews
April 22, 2025

Polygon NFTs Overtake Ethereum with $22M Weekly Sales as Real World Asset Demand Surges

Polygon NFTs have generated $22.1 m in weekly volume, passing Ethereum and Bitcoin and attracting nearly 59 % more buyers. Courtyard's tokenized Pokémon and baseball cards illustrate how insured vault custody and burn‑to‑redeem options have strengthened confidence in hybrid real‑world‑asset models. The post Polygon NFTs Overtake Ethereum with $22M Weekly Sales as Real World Asset Demand Surges appeared first on Cryptonews.

Positive
cover-imageCointelegraph
April 17, 2025

Polygon's Nailwal: Jio partnership to drive real-world Web3 adoption for 450M users

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.

Positive
cover-imageCoindesk
April 15, 2025

Polygon Labs' Marc Boiron on Unifying Blockchains

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.

Neutral
cover-imageCointelegraph
April 8, 2025

Gaming NFT maker Aavegotchi votes to ditch Polygon for Base

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.

Neutral
cover-imageCointelegraph
March 28, 2025

Crypto market cycle permanently shifted — Polygon founder

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.

Positive
cover-imageThe Cryptonomist
March 26, 2025

Celo becomes a Layer-2 of Ethereum: transition completed successfully

Celo has officially completed the transition from layer-1 blockchain to layer-2 protocol on Ethereum on March 26, 2025. The move was announced through a post on X, in which the platform highlighted the main technical innovations. Among these, blocks with a time of one second, transaction costs lower than a cent, and the use of USDt (USDT) and USDC (USDC) as gas stand out.

Positive
cover-imageCointelegraph
March 26, 2025

Celo becomes Ethereum L2 with Optimism rollup implementation

Celo, the blockchain network launched in 2020, has officially transitioned from a layer-1 chain to an Ethereum layer-2 protocol.Celo announced the successful transition in a March 26 X post, stating that “Celo is officially an Ethereum layer 2” protocol. In the thread, the organization claimed the new protocol features one-second blocks, sub-cent transaction costs, and Tether's USDt (USDT) and USDC (USDC) as gas.

Positive
cover-imageCrypto Economy
March 26, 2025

Celo Upgrades to Layer 2, Enhancing Security and Transaction Speed

TL;DR Ethereum Layer 2 Transition: Celo shifts from a standalone L1 blockchain to an Ethereum L2 network using optimistic rollups, leveraging Ethereum's robust security and ecosystem. Boosted Performance: The upgrade reduces block times from 5 seconds to 1 second, enhancing scalability, interoperability, and low-cost transaction speed. Strengthened Ecosystem: With key partnerships (Aave, Uniswap, etc.

Positive
cover-imageCoinPedia
March 26, 2025

Celo Transitions to Ethereum Layer 2

Celo has successfully migrated from a standalone Layer 1 blockchain to an Ethereum Layer 2 network, marking a major milestone after nearly two years of development. This upgrade boosts scalability, improves interoperability, and deepens integration with Ethereum's ecosystem. Block times have been reduced from 5 seconds to just 1 second, significantly enhancing transaction speed.

Positive
cover-imageInvezz
March 26, 2025

Celo's evolution: migration to Ethereum L2 complete

Celo has finalized migration from a standalone L1 platform to an Ethereum L2 blockchain. The transition represents a key landmark in Celo's evolution, improving interoperability, security, and the entire ecosystem while ensuring sustainability and accessibility. The countdown platform shows the migration completed on 26 March, with Celo Layer2 Mainnet activation at 31056500 block height.

Positive
cover-imageCointelegraph
March 25, 2025

Tokenized real estate trading platform launches on Polygon

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.

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