Polygon labs
Polymarket Is a Success for Polygon Blockchain – Everywhere But the Bottom Line
One of the major breakout successes this year for the team behind layer-2 blockchain Polygon is Polymarket. But according to data, Polymarket has only brought in about $27,000 of transaction fees for Polygon PoS in 2024.
Polygon Begins Token Swap, in Move to Allow More Issuance
The migration from Polygon's MATIC token to POL will also bring in some tokenomics changes with a new emission rate of 2% annually.
Polygon to Start Much-Awaited Swap of POL Token for Longstanding MATIC
The migration to POL from MATIC will also bring in some tokenomics changes with a new emission rate of 2% annually.
Move Language Developer Movement Labs Joins AggLayer
The collaboration will enable unified liquidity across MoveVM-based layer-2 blockchains.
WazirX Hacked for $230M; Mark Cuban, Vitalik Buterin Speak Up on Crypto and Politics
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Indian crypto exchange WazirX experienced a security breach in one of its multisig wallets, leading to the loss of user funds and over $230 million in withdrawals. And, Polygon Labs set a date for its technical upgrade. Plus, Mark Cuban and Vitalik Buterin speak up on crypto and the upcoming Presidential election.
Polygon Sets September Date for Migration to POL Token from MATIC
The migration comes as a part of Polygon’s planned revamp laid out last year in its “Polygon 2.0” roadmap. The change was initially proposed in July 2023 to its community, and would make POL the main token for all Polygon networks.
Polygon's New ZK Proving System, 'Plonky3,' Comes as Open-Source Toolkit
Proving systems are a crucial component at the heart of blockchain ecosystems, allowing secondary "rollup" networks to confirm transactions on a base chain like Ethereum. Polygon's prior version, Plonky2, was released in 2022.
Polygon Creates New Grants Program, 1B POL Unlocked Over 10 Years
The program will tap into funds made available by Polygon’s Community Treasury, and the team shared that roughly 100 million POL tokens will be given out each year.
Polygon Acquires Zero-Knowledge Cryptography Firm Toposware
Sources close to the deal told CoinDesk that the company was valued at $30-50 million. The purchase means that Polygon Labs has invested over $1 billion on zero-knowledge research and acquisitions, the team shared in a press release.
Crypto Exchange OKX's Polygon-Powered Layer 2, 'X Layer,' Hits Public Mainnet
OKX's comes as other major cryptocurrency exchanges, like Coinbase and Kraken, have also pursued their own layer 2 networks over the last year.
