Polygon committing $10M to reach 1M users using 0x API

Polygon committing $10M to reach 1M users using 0x API

The project said it anticipated “an influx of new DeFi projects onboarding into the 0x ecosystem." The network onboarding a large number of decentralized applications aims to hit one million users through 0x’s decentralized exchange liquidity aggregator API.In an announcement today, Polygon said its project would be committing $10.5 million towards securing decentralized finance infrastructure on its network through the support of developers and projects. The project said it anticipated “an influx of new DeFi projects onboarding into the 0x ecosystem” with initial support offered for....


Related News

Polygon (MATIC) Releasing Development Kit For Ethereum-Connected Chains

Safe to say, Polygon has been on a tear lately. On the heels of a DappRadar report noting more than 75,000 active users and nearly $1B in value flows through their layer 2 protocol, the Polygon team has announced a new developer SDK for streamlined app creation. In the past month, our team at NewsBTC […]

Polygon active users grow by 75,000 as DeFi boom continues

Data from DappRadar shows rapid uptake of Polygon-based decentralized applications. The network now has 93 functioning dapps, up considerably over the past four weeks. Polygon, a leading platform for Ethereum (ETH) scaling and infrastructure development, has attracted 75,000 new users over the past seven days, highlighting growing demand for layer-2 decentralized applications. The data, courtesy of DappRadar, shows that the top 20 Polygon dapps were responsible for the increase. In this case, new users refer to active wallets interacting with Polygon dapps. The influx of new users brought....

How Aave’s integration with Polygon will maximize users’ profits

Aave has announced integration with Ethereum’s sidechain Polygon. Aiming to provide alternatives for DeFi applications to be used by everyone, the implementation will allow users to leverage “nearly-free” transactions. With a “nascent ecosystem” composed of protocol such as Quickswap and Aavegotchi, Polygon is connected to Chainlink oracle service. Therefore, the information that will feed into […]

Ren launches bridge to Polygon for seven top crypto assets

The new bridge will allow Ren’s ERC-20 representations of BTC, BCH, DOGE, FIL, LUNA, ZEC, and DGB can now be transferred onto the Polygon network. 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 to launch a bridge allowing BTC and other assets to be transferred between Bitcoin and the Ethereum scaling solution. Excited to announce the launch of a direct bridge to Polygon by @renprotocol! With the Polygon....

Decentraland announces layer-two MANA token transfers, plans for full migration

Polygon claims yet another victory in the scaling wars with Decentraland Just a day after two decentralized finance powerhouses announced layer-two integrations via the Polygon sidechain, a major nonfungible token and gaming title has today followed suit.In a blog post this morning, NFT-powered virtual world and video game Decentraland announced a token bridge enabling users to move native MANA tokens to Polygon and back. At the time of publication, MANA is the 80th ranked token by marketcap and has risen 3750% on the year to $1.01, per Coingecko. This is just the first step in what will....