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Polygon ($POL) has consolidated its status as the leading blockchain for USDC transfers, with active unique $USDC addresses on the platform hitting a remarkable 2.7 million in the last 30 days. This accounts for more than 30% of the total active addresses across all blockchains, showcasing yet another instance of Polygon’s high-flying act in the … Read more
Pol’s outlook appears highly bearish on the daily chart following steady reductions in the past months. However, it recently slowed down drops after locating a solid ground this month and showed signs of strength. Looking at the market structure, Pol appears super bearish on the daily chart following a significant correction that hit the entire … Read more
Rolling back to a year low during recent breakdown, Pol located a solid ground and bounced back with a long-wick. It currently sits well above a key level while trading flat, deciding where next to head. The aftermath of the recent crash is still causing a lot of FUD among Pol traders as they appear … Read more
With the launch of AggLayer v0.2 on its mainnet, Polygon continues to push the boundaries of blockchain interoperability. The latest upgrade introduces Pessimistic Proofs, a groundbreaking mechanism that allows cross-chain transactions to take place effortlessly, no matter what security model they use. If you’re looking to stack the odds in your favor for secure, easy, … Read more
A wallet, believed to be linked to Alameda Research, recently made significant moves involving $POL tokens received from the Polygon Foundation. Yesterday, the wallet deposited all 8.68 million $POL (valued at $6.19 million) into FalconX, marking the latest in a series of notable transactions. The wallet originally received these tokens, then valued at $3.2 million, … Read more
Polygon has officially upgraded from MATIC to POL as its network token, marking a significant milestone in its evolution. This community-driven upgrade, effective from September 4, 2024, transitions POL to be the native gas and staking token for the Polygon proof-of-stake network. Users holding MATIC on Ethereum can seamlessly migrate to POL through the Polygon … Read more
According to the CEO of Polygon Labs, POL has evolved into a “hyperproductive” token, enabling the community to engage more effectively in the network’s growth. Go to Source
The team migrated the POL token contract to the Ethereum network, paving the way for it to replace MATIC in the future. Go to Source
