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Cardano (ADA), Polygon (MATIC) Interoperability Milestone Reached With This Innovation
Cardano and Polygon interoperability is now possible as the cross-chain liquidity aggregator, Blueshift's new cross-chain protocol, goes live.
The new protocol, BluesChain, will allow bridgeless cross-chain swaps between Polygon and Cardano.
Users can also swap tokens on chains Blueshift is currently connected with, including the Layer 2 protocol Milkomeda; Algorand EVM-compatible chain developed by Milkomeda, referred to as Algorand A1; Cardano EVM-compatible chain developed by Milkomeda, referred to as Cardano C1, Kava chain and Polygon.
Blueshift aims to be connected with all Ethereum L2s by the end of summer 2023 as it continues to work to push the limits of cross-chain interoperable decentralized exchanges (DEX) in the decentralized finance (DeFi) arena.
Read more on U.Today https://u.today/cardano-ada-polygon-matic-interoperability-milestone-reached-with-this-innovation
Cardano (ADA), Polygon (MATIC) Interoperability Milestone Reached With This InnovationCardano and Polygon interoperability is now possible as the cross-chain liquidity aggregator, Blueshift's new cross-chain protocol, goes live.
The new protocol, BluesChain, will allow bridgeless cross-chain swaps between Polygon and Cardano.
Users can also swap tokens on chains Blueshift is currently connected with, including the Layer 2 protocol Milkomeda; Algorand EVM-compatible chain developed by Milkomeda, referred to as Algorand A1; Cardano EVM-compatible chain developed by Milkomeda, referred tU....
As Polygon [MATIC] gains momentum, co-founder steps in with new initiative
Polygon co-founder announced the launch of the Nailwal Fellowship to provide financial assistance to early stage Web3 developers.
• MATIC was one of the biggest losers in the market over the last month.
• The active users on Polygon rose to the highest level in five weeks on 16 May.
After a protracted period of lull, network activity on Polygon [MATIC] started to gain strong momentum. As per DeFiLlama, the active users on the Ethereum [ETH] sidechain spiked to 389,000 on 16 May, reaching its highest level in five weeks.
The jump in the user base showed a proportional effect on the number of transactions processed on the network.
A big chunk of the transaction volume was driven by L2 scaling solution Polygon zkEVM. According to a tweet by Polygon, transaction volume on the zero-knowledge rollup (zk-rollup) reached record-breaking levels over the past few days.
Polygon’s new initiative
Polygon grew into prominence over the last few months. Whether it was the launch of the much-anticipated Polygon zkEVM or the hard fork intended to stabilize gas fees on the network, the ecosystem has taken a proactive step in making blockchain technology more efficient and accessible.
Read More: https://ambcrypto.com/as-polygon-matic-gains-momentum-co-founder-steps-in-with-new-initiative/
Polygon (MATIC) Price Continues to Struggle, Sotheby’s NFTs to The Rescue?
MATIC price has slid below $0.90 for the first since January 10.
This week, the Polygon (MATIC) network has witnessed a flurry of new joiners.
The crypto market meltdown on May 5 saw Polygon’s (MATIC) price slide below $0.90 for the first time since January. But Sotheby’s recent global NFT product launch appears to be rekindling investor interest across the network. Is this enough to validate a bullish MATIC price prediction?
On May 1, 2023, Sotheybys, one of the world’s largest brokers of fine art and collectibles, announced the decision to launch an NFT marketplace on Polygon (MATIC) network and Ethereum.
The product launch will enable crypto investors to conduct peer-to-peer secondary NFT artwork sales.
Barely a week after Sotheby’s NFT launch, Polygon is already witnessing growing demand and attracting new users. Here’s how this could propel MATIC’s price out of its current bearish trend.
Read More: https://beincrypto.com/matic-price-slides-sothebys-nfts-rescue/
Polygon (MATIC) Price Shows Vigor, Are Bulls Up To Something?
May is looking up for Polygon (MATIC) price as it is seen to be in the green zone for two consecutive days. Polygon bulls have picked up steam and momentum in the new month after bears held the prices down since mid-February.
Despite Polygon’s countless innovative partnerships and bullish news events, its native token remained bearish for most of the 2023 first quarter. And BTC’s impressive price movements in April were still not enough to awaken Polygon bulls, as bears remained adamant and unmoved. However, Polygon (MATIC) bulls remain resilient in their new show of strength in May.
MATIC Price Gets Relief From Bulls
Polygon (MATIC) bulls have shown resilience and pushed back prices after a major retracement that shook most cryptocurrencies due to a change in market sentiments of investors on the first day of May.
The cryptocurrency markets, which experienced a major rally in BTC price and some altcoins in April, were met with bearish sentiments as the “Sell in May” narrative trooped in.
Polygon (MATIC), which closed April bearish at $0.97, was seen to decline further as it traded at a price low of $0.94 on the first day.
Polygon (MATIC) Price Shows Vigor, Are Bulls Up To Something?May is looking up for Polygon (MATIC) price as it is seen to be in the green zone for two consecutive days. Polygon bulls have picked up steam and momentum in the new month after bears held the prices down since mid-February.
Despite Polygon’s countless innovative partnerships and bullish news events, its native token remained bearish for most of the 2023 first quarter. And BTC’s impressive price movements in April were still not enough to awaken Polygon bulls, as bears remained adamant and unmoved. However, Polygon (MATIC) bullsMAT...
Polygon (MATIC) Price Struggles Following Investor Confidence Woes
MATIC price has dropped below $1 for the first time in 5 months.
Polygon (MATIC) Social Sentiment has been trending negative since the Ethereum Shappela upgrade.
• Polygon (MATIC) has slipped below $1.0 for the first time since January 2023. With social sentiment surrounding the
• Polygon ecosystem trending negatively since the Ethereum Shappela upgrade, is it boom or bust for MATIC price?
Polygon (MATIC) made its name as a critical component of the Ethereum network. It gained prominence as a scaling solution to high gas fees and low throughput on Ethereum and as an interoperability layer.
However, the Shappela Upgrade marked the complete ETH2.0 Proof of Stake transition, which increased Ethereum throughput and reduced energy demands by 99%.
Fears of practical obsolescence have gradually spread across the Polygon (MATIC) ecosystem. Will the Polygon team be able to rekindle investor confidence and trigger a price rebound?
Read More: https://beincrypto.com/matic-price-struggles-investors-concerned/
Polygon partners with NAODA to build a scalable, secure and sustainable web3 gaming ecosystem – Report
• FLASK noted that it will onboard its in-house and subsidiary company-developed high-end RTS and FPS games on the Polygon-powered NAODA platform in the second half of this year.
• Polygon (MATIC), however, faces immense competition from the recently launched Arbitrum network.
The Polygon (MATIC) network, an Ethereum scaling solution with about $1.04 billion in total value locked (TVL), continues to attract Web3 investors seeking to scale with the largest smart contract ecosystem. Ranging from decentralized lending protocol, NFT marketplaces, and DeFi projects, among others, the Polygon network has registered dozens of new projects in the recent past.
Projects with high volume including AAVE, Quickswap, Balancer V2, Uniswap V3, and Curve Finance, among others have chosen Polgon as the route to a scalable Web3 experience. Moreover, more than 3.59 billion MATIC coins out of the total supply of 10 billion have been staked through the networks PoS program.
Polygon partners with NAODA to build a scalable, secure and sustainable web3 gaming ecosystem – Report• FLASK noted that it will onboard its in-house and subsidiary company-developed high-end RTS and FPS games on the Polygon-powered NAODA platform in the second half of this year.
• Polygon (MATIC), however, faces immense competition from the recently launched Arbitrum network.
The Polygon (MATIC) network, an Ethereum scaling solution with about $1.04 billion in total value locked (TVL), continues to attract Web3 investors seeking to scale with the largest smart contract ecosystem. Ranging3.5...
Could Polygon (Matic) Surge In 2023? Here’s Why Experts Prefer This Coin With 35x Potential Instead
As the 9th largest cryptocurrency in the world, Polygon (MATIC) is widely considered a strong investment. However, in the past week Polygon (MATIC) has crashed in price by 8.93%, with some analysts believing it could drop below $1.
The project has made headlines after sending an open letter to the EU parliament, though this publicity has only exacerbated its price decline. As a result, experts now prefer a new coin that could potentially surge 35x in the next few months.
What Is Polygon (MATIC)?
Polygon (MATIC) is an Ethereum scaling solution designed to offer faster and cheaper transactions on Ethereum. Individuals can use Polygon (MATIC) smart contracts to deposit Ethereum tokens, use them throughout Polygon (MATIC) and withdraw their ETH tokens with ease. Polygon (MATIC) tokens themselves are used for transaction fees and let users participate in a proof-of-stake consensus.
Polygon (MATIC) experienced a strong start to 2023, hitting its yearly high of $1.51 in February. However, its performance has since been below market, with one Polygon (MATIC) token, at the time of writing, selling for $1.04. In the last 24 hours, Polygon (MATIC) has lost an additional 1.76% of its value, with market analysts fearing it could drop below $1 should current trends continue.
Could Polygon (Matic) Surge In 2023? Here’s Why Experts Prefer This Coin With 35x Potential Instead
As the 9th largest cryptocurrency in the world, Polygon (MATIC) is widely considered a strong investment. However, in the past week Polygon (MATIC) has crashed in price by 8.93%, with some analysts believing it could drop below $1.
The project has made headlines after sending an open letter to the EU parliament, though this publicity has only exacerbated its price decline. As a result, experts now prefer a new coin that could potentially surge 35x in the next few months....
Polygon (MATIC) Price Flashes Mixed Signals Amid Market Downturn, What’s Next?
Polygon (MATIC) jumped 6% as markets reacted to Ethereum’s successful network upgrade, but on-chain data suggest the jury is still out on MATIC long-term prospects. Will the Polygon bulls stand firm to prevent a major price correction?
Polygon (MATIC) dispelled bearish concerns to deliver a blistering 7% growth in the aftermath of the Shapella upgrade. But the hawkish mood among whales and the inflow of coins on exchanges suggests that MATIC could soon retrace below $1.
Crypto Whales Grow Hawkish After Shapella Upgrade
A critical cohort of crypto whales spent the week that preceded the Ethereum network upgrade accumulating MATIC. But according to Santiment’s on-chain data, they have now taken a neutral stand.
In the build-up to the Ethereum network upgrade, whales holding balances of 100,000 to 100 million MATIC acquired 50 million coins worth $51 million between April 5 and April 12.
The chart below shows how the whales have now grown hawkish, keeping their balances around 523 million coins since April 12.
Read More: https://beincrypto.com/matic-price-mixed-signals-whats-next/
Polygon (MATIC) Price Flashes Mixed Signals Amid Market Downturn, What’s Next?
Polygon (MATIC) jumped 6% as markets reacted to Ethereum’s successful network upgrade, but on-chain data suggest the jury is still out on MATIC long-term prospects. Will the Polygon bulls stand firm to prevent a major price correction?
Polygon (MATIC) dispelled bearish concerns to deliver a blistering 7% growth in the aftermath of the Shapella upgrade. But the hawkish mood among whales and the inflow of coins on exchanges suggests that MATIC could soon retrace below $1....
Polygon Sees Surge in Activity
Thanks to a 53% monthly surge in daily active wallet users in the gaming space, in March. Polygon overtook Hive to become the second most popular gaming chain after Wax, DappRadar recently reported.
The analysis shows that Wax still dominates the space in terms of wallet activity. With blockchain gaming accounting for a growing share of all DApp activity, Polygon’s success points to increasing competition in the space.
But what exactly draws blockchain gaming projects to certain platforms?
For starters, the ability to scale easily and without racking up hefty transaction fees is critical. Games developers in search of rich smart contract functionality and ample transaction processing capacity have found a welcome home in ecosystems built on Wax and Polygon and protocols.
Read More: https://beincrypto.com/nft-minting-costs-sol-matic-blockchain-gaming/
Polygon Sees Surge in Activity
Thanks to a 53% monthly surge in daily active wallet users in the gaming space, in March. Polygon overtook Hive to become the second most popular gaming chain after Wax, DappRadar recently reported.
The analysis shows that Wax still dominates the space in terms of wallet activity. With blockchain gaming accounting for a growing share of all DApp activity, Polygon’s success points to increasing competition in the space....
Trading Polygon (MATIC) Against Bitcoin (BTC): A Cautionary Tale for Traders
Polygon (MATIC) Price Uncertainty Could See it Struggle Against Bitcoin (BTC)
The Polygon (MATIC) price broke out from a short-term resistance line but has failed to initiate a significant rally.
MATIC is the native coin of the Polygon network, a layer-2 scaling solution for the Ethereum blockchain. The weekly time frame shows that the MATIC price has increased inside an ascending parallel channel since June 2022. Ascending parallel channels usually contain corrective patterns.
Moreover, the 2023 high of $1.57 was made very close to the confluence of resistance levels at $1.62, created by the following: