Global #Polygon

Shiba Inu (SHIB), the popular meme coin, is showing signs of life with a recent 5% jump. This price increase comes amidst positive sentiment for meme coins and follows the news of CoinGate integrating SHIB for payments on Polygon and BNB Chain networks.

ZKsync, a prominent layer-2 scaling solution for Ethereum, recently unveiled its roadmap for ZKsync 3.0. This upgrade introduces an innovative concept called the "Elastic Chain," which bears a striking resemblance to Polygon's "AggLayer" launched earlier in 2024.

Polygon, a leading layer-2 scaling solution for Ethereum, has seen a remarkable surge in daily active users (DAUs), reaching an average of 1.2 million over the past four months. This impressive growth is largely attributed to the popularity of MATR1X FIRE, a mobile shooting game that has captured the attention of crypto enthusiasts and gamers alike.

Polygon, a layer-2 scaling solution for Ethereum, has recently surpassed its parent blockchain in a critical area: active user base. This achievement, while not a direct threat to Ethereum's dominance, marks a significant milestone for Polygon and its native token, MATIC.

Polygon, the Ethereum scalability solution addressing the network's scalability challenges, has reached a significant milestone: 4 billion total transactions. This accomplishment stands out, especially considering that the network was launched merely four years ago in June 2020.

According to data from Santiment, the number of whales holding Polygon (MATIC) tokens has increased over the past month, despite a significant drop in the token's value.

According to data from IntoTheBlock, Polygon (MATIC) reached a significant point where 31,000 addresses collectively acquired 216.94 million tokens at an average price of $0.73.

The majority of Polygon's [MATIC] profits from 2023 and early 2024 have been lost. Will the losses be recouped?

In spite of MATIC's performance in terms of pricing, Polygon continues to lead in a crucial area. In particular, April's non-fungible token (NFT) activity on blockchains powered by the Ethereum Virtual Machine (EVM).

Recent days have witnessed a spike in turbulence in the always changing cryptocurrency market, making it difficult for popular altcoins like Bitcoin to stay stable. Among them, MATIC, the native token of Polygon, has fallen by almost 2% in the last day alone, demonstrating that it is not immune to the negative impact.

The X Layer public mainnet has been formally launched by OKX and Polygon.

The price of Polygon (MATIC) had a sharp drop during the previous 48 hours, potentially ending its two-week downturn.