Polygon Q4 Digest: Agglayer Testnet Launch Drives 30% Spike In POL Market Cap
In the fourth quarter of 2024, Polygon (formerly MATIC) experienced a significant mixed performance in key metrics, primarily driven by the testnet launch of its interoperability protocol, Agglayer. This new initiative aims to facilitate cross-chain token transfers and message-passing, enhancing the functionality and integration of various blockchain networks. Polygon Market Cap Rebounds To $3.8 Billion According to market intelligence firm Messari, by leveraging zero-knowledge (ZK) proofs, Agglayer promises secure communication and asset transfers, positioning itself as an innovative....
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The blockchain project Polygon has announced the launch of the zkEVM public testnet, a layer two (L2) scaling solution announced in July that aims to reduce fees and inherit the security of the Ethereum blockchain. Polygon considers the testnet “the first open-source zkEVM network,” and developers are encouraging people to join the testnet, report bugs, and explore the code hosted on Github. Polygon Releases zkEVM Test Network On Monday, Polygon announced the project’s zkEVM testnet is live and the project’s team is inviting users to help them....
In a tweet on October 4, Sandeep Nailwail, the co-founder of Polygon, revealed that POL Contracts have been deployed on the Goerli testnet, describing the release as a significant “step on their journey of creating Polygon 2.0.” The deployment of these smart contracts also saw the release of two Polygon Improvement Proposals (PIPs), PIP-24 and PIP-25. […]
PYR regained its bullish momentum after the launch of the Elysium testnet and the limited release of digital land plots in the VulcanVerse. Nonfungible tokens (NFTs), gaming protocols and the dawn of the Metaverse were all trending topics in 2021 and they are shaping up to be even bigger in 2022. NFTs and Metaverse-related projects are also bouncing back quickly from the market-wide downturn and Vulcan Forged (PYR) is one of the top movers this week. The project is a blockchain game studio and NFT marketplace that is in the process of developing out its VulcanVerse ecosystem. Data from....
DeFi protocols Aave and Uniswap, along with other projects, will be among the first projects to deploy on the zkEVM testnet. Decentralized Ethereum scaling platform Polygon (MATIC) announced the launch of Polygon zkEVM Public Testnet, an “Ethereum-equivalent” ecosystem with cross-compatibility to existing smart contracts, developer tools and wallets built on Ethereum and Polygon PoS.Zero-knowledge Ethereum Virtual Machine (zkEVM) is a layer-2 construction on top of Ethereum that aims to improve scalability through mass transfer processing rolled into a single transaction. The testnet....
OpenBazaar released it’s open beta officially on the bitcoin testnet today, marking the launch of the first truly decentralized Bitcoin marketplace. The OpenBazaar team is encouraging potential merchants and users to try out the 1.0 release to get familiar with its workings and interface. The software is fully functional for the first time, and whether you plan on selling or buying on the OpenBazaar network, the release is worth a look. Testnet Launch Removes Risk for Potential OpenBazaar Adopters. If you want to try out OpenBazaar, you’ll need a testnet enabled wallet, and some testnet....