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Polygon

Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). 

Polygon takes another step towards decentralized governance, unveiling a new proposal to form a new 13-person protocol council.

Polygon Paves Way for Governance 2.0 with Introduction of Protocol Council

The Protocol Council will have 13 members responsible for overseeing Polygon's smart contract upgrades.

Polygon proposes 13-member ‘protocol council' to supervise smart contract upgrades

The project named 13 "inaugural members" to the council, including officials from Coinbase and the Ethereum Foundation.

Polygon Proposes Council for ‘Decentralized Governance,' Names 13 Members

Avalanche

Ava Labs, the main developer of the Avalanche blockchain, has poached two Polygon and OKX employees as it looks to grow in India.

Ava Labs bets on India for Avalanche growth, with new hires from Polygon and OKX

The latest price analysis by Coinidol.com report, Polygon (MATIC) price has been consistently trading above the support level of $0.50 since June 10.

Polygon Bounces Above $0.50 But Misses The Last High

Manta Network developer p0x labs said the “Polygon CDK sets standards in Layer 2 design and execution that, long-term, OP Stack cannot meet.”

Manta Pacific to migrate from Optimism to Polygon tech as a zkEVM Layer 2

The network, which just went live a couple weeks ago as a so-called optimistic rollup – the core underpinning of OP Stack – will now become a “ZK-rollup,” which is what Polygon's software kit provides.

Manta's Layer-2 Blockchain Already Plans to Ditch OP Stack for Polygon

The new Ethereum layer-2 network's debut adds to the competition among rival providers of so-called "zkEVMs," including Polygon and Matter Labs.

Scroll zkEVM Launches, Blockchain Data Shows, Competing With Polygon, Matter Labs

ApeCoin

Polygon Labs co-founder Sandeep Nailwal proposed the ApeCoin DAO develop a zk-powered Ethereum Layer 2 using Polygon's CDK.

Polygon Labs proposes Layer 2 ‘ApeChain' to power ApeCoin ecosystem

Ethereum

After contending with the SEC that stablecoins shouldn't fall under the same regulations as traditional securities, Circle has chosen to take the initiative. USDC can now be accessed directly on Polygon PoS without the need for bridges.

Circle Starts USDC Minting On Polygon PoS, Skips Ethereum Bridges

Cosmos

Polygon fell for a fourth straight session on Tuesday, as traders pushed the cryptocurrency to a ten-day low. The decline comes as the global market cap remained in the red, having fallen by 0.37% at the time of writing. On the other hand, cosmos rebounded from its lowest point since mid-September.

Biggest Movers: MATIC Drops to 10-Day Low, ATOM Rebounds From Key Support Level

Cryptocurrency price analysis brought by Coinidol.com. Polygon (MATIC) price is declining and trading in a narrow range.

Polygon's Value Drops To $0.53 As It Faces Harsh Rejection

Solana

Despite the global crypto market experiencing instability, Deribit is looking to expand the roster for options trading on its platform. It is also looking to expand geographically with an EU license and a Middle Eastern office.

XRP, MATIC, SOL Options To Debut On Deribit In January 2024

Deribit controls over 85% of the global crypto options market.

Deribit to List XRP, SOL, MATIC Options; Seeks License in EU

The co-founder's exit extends a long list of similar departures from prominent crypto projects in 2023.

Is Polygon in Trouble? Another Executive Departs Amid Crypto Market Downturn

Jaynti Kanani, Polygon's (CRYPTO: MATIC) co-founder, has revealed his decision to take a step back from his active role in the project, marking his first break in six years. According to a tweet on Oct. 4, Kanani intends to embark on "new adventures" and will continue to support Polygon, albeit "from the sidelines.

Polygon Co-Founder Steps Down After 6 Years, Embarks On 'New Adventures'

Polygon surged to its strongest level since the end of August, as the token extended recent gains. The rally comes despite cryptocurrencies mostly consolidating on Wednesday, following recent declines. XRP was another notable gainer today. Polygon (MATIC) Polygon (MATIC) rose for a back-to-back session on Wednesday, hitting a multi-week high in the process.

Biggest Movers: MATIC Moves to Highest Point Since August

Ethereum scaling project Polygon has another co-founder make a professional pivot months after launching upgrade.

Another Polygon co-founder steps away from duties

Kanani, who founded Polygon in 2017 alongside Sandeep Nailwal and Anurag Arjun, announced his plans in a post on X (formerly Twitter) on Wednesday.

Polygon Co-Founder Jaynti Kanani Steps Down

Cryptocurrency price analysis brought by Coinidol.com. Polygon (MATIC) price is currently trading above the lower price level of $0.50.

Polygon Falls To Previous Low And Risks Rejection At $0.58

To learn more about Google Cloud and its upcoming plans to explore the crypto space, go to Benzinga Future of Digital Assets event on Nov. 14 where Google Cloud Head of Strategy and Web 3 Rich Widmann will be speaking about Web3 Innovations and Google's Role in Scaling Blockchain Solutions for Mass Market Integration. Polygon (CRYPTO: MATIC) took to X (previously known as Twitter) to announce Alphabet Inc.'s (NASDAQ: GOOGL)(NASDAQ: GOOG) Google Cloud will now become a part of the decentralized validator set for Polygon Proof-of-Stake (PoS) Network.

Google Cloud Joins The List of 100-Plus Validators On Polygon's Network

Google Cloud is now an official validator for the layer-2 blockchain Polygon (MATIC) proof-of-stake (POS) network. Polygon Labs says that Google Cloud now joins more than 100 other validators in securing the Ethereum (ETH) scaling solution's network.

Google Cloud Now a Polygon (MATIC) Network Validator Nearly a Year After Unveiling Same Service for Solana (SOL)

Rated Labs raised $12.9 million in Series A funds with the hope of expanding into Layer 2 networks. What Happened: Crypto venture firm Archetype led the fundraising effort, which included other seed investors, The Block reported.

Ethereum-Focused Crypto Startup Scores $13M In Funding For Polygon, Solana Growth

Rated Labs, a crypto startup that offers infrastructure datasets for Ethereum, has raised $12.888 million in Series A funding.

Ethereum explorer Rated raises $12.89 million to expand to other blockchains, including Polygon and Solana

Cryptocurrency analysts of Coinidol.com report, Polygon (MATIC) price is bearish and has retested the June 10 low.

News for Polygon Crypto (MATIC)