Polygon - Page 8
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Polygon’s Rise Comes with Increased Scrutiny of the Scaling Solution’s Security
Polygon, which in the past month soared to become the most popular Ethereum scaling solution, is coming under fire as critics say it is too centralized to be considered secure. Ethereum scaling solutions are crucial for decentralized finance to continue to grow, as using dapps directly on the network is becoming prohibitively expensive. Scaling solutions…
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Polygon Co-Founder Raises $3M in Crypto for India Covid Relief
As coronavirus cases spiked to over 300K new cases per day in India, the co-founder of Layer 2 solution Polygon, Sandeep Nailwal, tweeted on April 24 that he “can’t take this sitting down anymore,” and started the India Covid Crypto Relief Fund, which has raised over $3M as of April 27. The donated funds span…
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Polygon Takes Lead in Layer 2 Race as MATIC Token and Assets Soar
Polygon’s token is rising the most among all cryptocurrencies in the past 24 hours, while assets in its networks spike. The activity is a sign an increasing number of users are betting the project will become a leading Ethereum scaling solution. Polygon’s MATIC token is up more than 30% just in the past day, the…
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Curve Finance Launches on Layer 2 Solution Polygon
Slowly then all at once. DeFi projects’ moves to Ethereum Layer 2s are coming weekly now with Curve Finance joining Polymarket and Aave in the quest for scalability. Curve has launched a pool on Polygon, the Layer 2 network which supports multiple interoperable solutions like a Proof-of-Stake chain and a Plasma chain. The pool hosts…
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Aave Sets Sights on Scalability with Polygon
Aave, DeFi’s third-largest protocol by assets in its smart contracts, will be expanding onto the Polygon network as it aims to improve scalability. Need for Scalability Consistently high gas fees, while indicative of Ethereum’s growing success and adoption, have the downside of pricing out smaller investors, Aave said in a March 31 blog post. In…
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Layer 2 Scaling on Oculus Quest 2!? Loopring, MATIC, Aavegotchi and Synthetix
This week has seen a flurry of announcements around Layer 2 scaling solutions with Aave’s Matic bridge, Synthetix introducing Layer2 staking on Optimism and Loopring’s mobile app hitting the Google Play store bringing all the advantages of Layer 2 to mobile users. I’ve found myself using the Metamask and MyEtherWallet apps a lot recently so…