Polygon


Markets

Polygon DAO Weighs $1.3B Stablecoin Deployment to Generate $70M Annual Yield

The plan uses Morpho Labs' vaults to manage USDC and USDT, targeting a conservative 7% annual return using various strategies.

(Shutterstock)

Tech

The Protocol: A Quantum Threat to Bitcoin?

Also: An Ethereum dev's defection to Solana; Polygon's big proving-system flex; crypto's most influential

Google Headquarters - google docks

Tech

Ethereum Layer-2 Teams Welcome Proposal to Overhaul Blockchain

Far from making zero-knowledge rollups obsolete, the Beam Chain would make them work better, says Polygon. zkSync builder Matter Labs is also bullish.

Ethereum itself is made up of several layers. (Annie Spratt/Unsplash)

Videos

Web3 Games Funding Stabilizing at $1B in 2024

Web3 gaming is not seeing the $4 billion fundraising highs of 2022 to 2023, but data from Game 7 DAO shows that the sector has stabilized around $1 billion as it matures. Telegram is a new standout platform for game building. Plus, many are leaving Polygon for Immutable and Arbitrum. Check out 2024 Web3 game trends with CoinDesk Anchor Christine Lee on "Chart of the Day."

Chart of the Day

Tech

In Win for Polygon's AggLayer, Magic Labs Unveils Chain Unification Network 'Newton'

Newton will allow for wallet solutions to plug into the AggLayer, which is a Polygon-backed effort to connect affiliated chains and allow tokens to freely move between them. Magic Labs claims its the first dedicated network for wallet solutions and chain unification.

Magic Labs CEO Sean Li

Tech

Polymarket Is a Success for Polygon Blockchain – Everywhere But the Bottom Line

One of the major breakout successes this year for the team behind layer-2 blockchain Polygon is Polymarket. But according to data, Polymarket has only brought in about $27,000 of transaction fees for Polygon PoS in 2024.

Cumulative gas fees Polymarket on Polygon PoS in 2024 have totaled just over $27,000 this year, through Oct. 23. (Token Terminal)

Videos

Why Polymarket Fails to Raise Polygon POL Price

Polymarket has only brought in about $27,000 worth of transaction fees for Polygon Proof of Stake in 2024, according to data tracked by Token Terminal. Why does the popular predictions market fail to boost Polygon's token price despite its soaring popularity? CoinDesk's Christine Lee breaks it down on the "Chart of the Day."

Recent Videos

Opinion

Aggregation Is the Only Way to Unify Web3

Blockchains are stuck in silos, fragmenting liquidity and making for a clunky user experience. It's time to tear down the walls.

(Hans-Peter Gauster/Wikimedia Commons)

Finance

Blockchain-Based Investment Platform Assetera to Offer Tokenized Assets on Polygon

Assetera will use Ethereum scaling network Polygon to secure transactions and utilize stablecoins for purchase, clearing and settlement to ensure the process is fast and efficient.

Vienna, Austria (jarmoluk/Pixabay)

Markets

Polygon's POL (MATIC) Token Spikes 15% on Binance Listing

Polygon introduced last week POL. the upgraded version the network's token, migrating from its longstanding MATIC with some tokenomics changes.

Polygon's POL price (CoinDesk)