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Crypto exchange OKX finally opened its Ethereum layer-2 network X Layer mainnet to the general public on April 15.
The scaling solution’s testnet was launched in November 2023 to much acclaim and was built with Polygon’s Chain Development Kit (CDK).
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According to crypto analyst Ali Martinez, Polygon (MATIC) is poised for major gains amidst a wider correction in the past seven days. Polygon is currently down by 9.2% in the past seven days, but the analyst pointed out that MATIC is printing a textbook buy signal on the daily chart.
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According to local media reports in Japan, Sony Bank announced its foray into the stablecoin world, launching a trial to issue its fiat-linked digital currency.
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Sony Bank starts a stablecoin proof-of-concept on the Polygon blockchain to assess legal issues around transferring fiat currency-pegged tokens.
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Although Ethereum and Polygon lead in new users and DeFi volume, Base experiences a user surge and most evenly distributed dApp usage.
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The Chief Executive Officer (CEO) of Polygon Labs Marc Boiron, has expressed a negative sentiment towards layer 3 (L3) networks, arguing the necessity and implications of the solutions for scaling Ethereum – the second largest cryptocurrency asset.
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Polygon’s CEO Marc Boiron emphatically stated that the layer-2 network was not considering developing layer-3 protocols because of the potential risks they pose to Ethereum’s security.
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The imminent launch of the Ethereum Dencun upgrade at 14.00 UTC today, March 13, has sparked a notable surge in the prices of native tokens for layer-2 protocols, including Arbitrum, Polygon, and Optimism.
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Astar Network launches Astar zkEVM, the first layer-2 on Polygon’s AggLayer, revolutionizing Web3 UX and unifying blockchain tech in Japan.
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Crypto-related investment products saw significant inflows last week, totaling $1.84 billion—this year’s second-largest weekly inflows—according to CoinShares’ latest weekly report.
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