Polygon has made a big move in cementing its mission as one of the leading global payments blockchain infrastructures by deploying a significant network upgrade earlier today designed to drastically increase throughput and chain capacity. Adding this feature raises the gas limit of the network to 140 million, greatly extending Polygon’s capacity to scale processing and raising its maximum throughput over 3,800 TPS. This represents a further step in Polygon’s strategy to establish itself as a blockchain able to power mass-market financial activities – retail payments, institutional settlements, or high-frequency decentralized applications and so on but still at cost-efficient scale.
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]]>Polygon ($POL) has consolidated its status as the leading blockchain for USDC transfers, with active unique $USDC addresses on the platform hitting a remarkable 2.7 million in the last 30 days. This accounts for more than 30% of the total active addresses across all blockchains, showcasing yet another instance of Polygon’s high-flying act in the crypto ecosystem. The burgeoning popularity of USDC has clearly translated into a significant opportunity for Polygon, which in recent months has established itself as a key player in the DeFi ecosystem. Simultaneously, Solana ($SOL) and Base have developed as serious competitors, together comprising roughly 40%
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]]>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 crypto space since last December. Although many altcoins have recovered nicely from their recent lows due to a latest recovery in Bitcoin’s price. However, the $0.19 level provided support, and the price increased after a two-week consolidation. This marked a temporal halt in Pol’s bleeding
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The Hedera blockchain’s first-ever layer two solution “UP” was announced in October 2024. Polygon protocol Agglayer will now facilitate interoperability between UP and Karate Combat’s official token. Agglayer to Power Karate Combat Token Launch on UP The Karate Combat token (KARATE) which is already available on Hedera and Ethereum is now slated to launch on […]
]]>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 pessimistic of the next direction of the market. As seen on the daily chart, volatility has been extremely low for over a week due to choppy price actions. This has created a boring trading activity and the price is now trading calmly at around the
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]]>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, cross-chain transactions, then Pessimistic Proofs are your best bet. As the sneak peek at the next upgrade—AggLayer v0.3—makes clear, though, the whole issue of proofing for security models is rapidly becoming a solved problem. Nevertheless, even though the technological progress seems encouraging, the market dynamics
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The initial proposal from Morpho Labs and Allez Labs sought to capture a 7% yield from stablecoins held in Polygon’s proof-of-stake bridge.
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Aave founder Marc Zeller has proposed new risk parameters on Polygon in response to plans to farm over $1 billion in stablecoin reserves.
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According to Morpho Labs co-founder Merlin Egalite, Polygon could collect a 7% yield on its stablecoin holdings at current rates.
]]>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, from the “Polygon Ecosystem Growth” wallet on November 15. Since then, the price of $POL—previously known as $MATIC—has surged by approximately 106%, reflecting strong market performance. In a related development, Alameda Research finalized its $POL deposits to Wintermute Trading today. Around 12 hours ago, the
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