#Polygon (MATIC)

Polygon is a network of sidechains and Layer 2 solutions aimed at enhancing Ethereum blockchain scalability. Its native cryptocurrency is MATIC.

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ForkLog 8 30.11.2023

The Secret Polygon Deal: How a bookmaker became a validator and earned millions

In early 2022 the bookmaker DraftKings became a validator on the Polygon network and charged a 100% staking fee on MATIC.

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ForkLog 6 21.11.2023

SEC sues Kraken over lack of registration

The U.S. Securities and Exchange Commission (SEC) filed suit against Kraken's parent companies for failing to register as a trading platform.

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ForkLog 12 17.11.2023

Polygon fees rise 1,000% after POLS launch

On 16 November, gas costs on the Polygon network surged by almost 1,000%, to around 5000 Gwei (~$0.1), as users began actively creating Ordinals-inspired POLS tokens.

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ForkLog 16 14.11.2023

OKX to launch X1 L2 network in partnership with Polygon

The cryptocurrency exchange OKX, in partnership with Polygon, launched the testnet for X1 L2 solutions.

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ForkLog 16 14.11.2023

Polygon Labs updates Web3 identity service

The Polygon project launched the fifth version of Polygon ID — a service for identity in the Web3 space.

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ForkLog 13 09.11.2023

Near and Polygon to develop a zero-knowledge solution based on WASM

The Near Foundation and Polygon Labs announced a collaboration to develop a zero-knowledge-proof-based solution for WASM networks.

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ForkLog 9 26.10.2023

Polygon launches Ethereum token POL to replace MATIC

On October 25, the Polygon Labs team deployed a smart contract on the Ethereum mainnet for the new Polygon Ecosystem Token (POL), which is intended to replace MATIC.

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ForkLog 5 19.10.2023

Lido Finance proposes to discontinue Polygon support

The Lido Finance liquid staking protocol may discontinue operations on the Polygon blockchain. Among the reasons cited are recent technical issues, roadmap uncertainty, and the absence of other LSD providers.

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ForkLog 8 14.09.2023

Polygon proposes replacing MATIC with POL

The Polygon project team proposed changes for the upcoming major update, aimed at creating a comprehensive ecosystem of interconnected L2 networks and launching a new POL coin instead of the utility token MATIC.

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ForkLog 15 07.09.2023

Polygon leadership denies allegations of a MATIC dump

Lookonchain analysts flagged two addresses allegedly belonging to the Polygon Foundation that transferred a total of 10.6 million MATIC (~$5.9 million) to Binance. Sandeep Nailwal, founder of Polygon Labs, refuted this.

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ForkLog 6 05.09.2023

Casio to release NFT-powered watches on Polygon

Japanese electronics maker Casio announced the launch of G-SHOCK digital watches as non-fungible tokens on Polygon as part of a partnership with the project.

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ForkLog 7 31.08.2023

Lufthansa launches NFT initiative on Polygon

Germany's Lufthansa launched the Uptrip loyalty program based on non-fungible tokens (NFT) on the Polygon network.

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