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“# Ren launches bridge to Polygon for seven top crypto assets ” The launch of the new Polygon x RenVM Bridge was announced to Twitter by Polygon on May 28, who emphasized the bridge will allow Bitcoin and other assets to be used on the high-speed and low-cost layer-two. Ren and Polygon have teamed up…
“# Uniswap v3 looks set for layer-two scaling on both Arbitrum and Optimism ” The Uniswap community has voted in favor of launching the leading decentralized exchange’s v3 iteration on layer-two scaling solution, Arbitrum. Uniswap’s creator, Hayden Adams, announced the vote on May 27, revealing the proposal’s governance vote received 41.35 million votes in favor…
“# Polygon debuts SDK for building Ethereum-compatible chains ” Polygon has announced the launch of its SDK stack that will allow developers to easily deploy their own Ethereum-connected blockchains. SDKs, or software development kits, are single installation packages containing tools necessary for seamless app creation. According to an announcement on Wednesday, the Polygon SDK contains…
“# Altcoins notch double-digit gains even as Bitcoin price falls to $42,500 ” On May 18, Bitcoin (BTC) and the overall cryptocurrency market faced another round of selling as FUD — fear, uncertainty and doubt — impacted investor sentiment after Reuters and various social media outlets reported that China would ban financial institutions and payment…
“# Telcoin (TEL) gains 300% after layer-2 migration to the Polygon network ” The ability to send money to anyone, anywhere, at any time was one of the original motivations behind Bitcoin (BTC) that helped give rise to the expanding cryptocurrency ecosystem that exists today. Blockchain-based global remittance platforms are one sector of crypto projects…
“# Axie Infinity (AXS) rallies 80% following migration to Ronin sidechain ” Nonfungible tokens were one of the hottest sectors of the cryptocurrency market from the start of the year until March but as is the nature of the crypto sector, NFTs cooled off significantly in April as the hype died down and high fees…
“# QuickSwap (QUICK) gains 420% as Polygon’s (MATIC) L2 network attracts new liquidity ” As the Ethereum network progresses along the slow, steady path toward Ethereum 2.0 and the full transition to proof-of-stake, layer-two solutions have arisen as the best solution to the current challenges associated with high gas fees and network congestion. One layer-two…
“# mStable launches on Polygon, hopes to attract defi users ‘priced out’ of ETH ” Defi-yield protocol mStable has become the latest to embrace second-layer scaling solutions, announcing its deployment on Polygon (formerly known as Matic) today. mStable’s interest-generating savings account, two of its “risk minimized meta-stablecoins,” and asset swapping features are now live on…
“# Altcoins hit new highs after bulls kick Bitcoin price back above $50K ” Cryptocurrency investors breathed a sigh of relief on April 26 as the sharp reversal in the price of Bitcoin (BTC) was accompanied by a market-wide recovery that has a majority of altcoins seeing green. It’s likely that the breakout was aided…
“# Polygon (MATIC) jumps ahead as the race for Layer-2 adoption picks up ” Recently layer 1 solutions like the Solana (SOL) and Cosmos (ATOM) have grown in prominence thanks to each network’s faster transaction times and lower fees when compared to the Ethereum network. An even greater focus has fallen on layer 2 solutions that…