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Polygon News
Crypto-News-Flash
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Polytrade Takes the Lead: Enhancing Global Trade Transactions Exceeding $25 Trillion on the Polygon Network
- Polytrade Finance, built on the Polygon blockchain, has recorded annual international trade transactions exceeding $25 trillion.
- Polytrade recently executed its first bulk tokenized trade shipment deal using Polygon, facilitating real-world trade on the platform.
- Polytrade has tokenized approximately $10 million in trade finance and has evolved into a holistic cross-asset marketplace.
- Polytrade's focus on tokenization addresses inefficiencies in international trade, allowing for quicker and more efficient transactions.
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Dev
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Sending and Monitoring Transactions on Kalp Studio
- This tutorial explains the process of sending and monitoring transactions using Kalp Studio's API Gateway and dashboard.
- Prerequisites for this tutorial include a Kalp Studio account and wallet connected to the Polygon network, as well as generated API endpoints using Kalp API Gateway.
- The tutorial guides users through creating transaction requests using Postman and monitoring transaction details on the Kalp Studio dashboard.
- By completing this tutorial, users gain the skills to send and monitor transactions conveniently using Kalp Studio.
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Dev
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FastLane’s ERC-4337 Support, Limitless x Etherspot, XION’s Walletless Blockchain, and Unichain Launch
- FastLane Labs has introduced a protocol upgrade to tackle the challenge of frontrunning in the MEV supply chain, where over 50% of bundled User Operations are affected on Polygon, making it difficult for bundlers to send operations directly to validators without the risk of bearing reverted transaction costs. This system allows more efficient use of blockspace and reduces costs.
- Limitless platform on the Base blockchain has integrated with Etherspot to simplify Web3 onboarding through Account Abstraction. Through Etherspot’s integration via Web3Auth, Limitless now allows users to log in using familiar social accounts like X, Discord, Gmail, Farcaster, and other social accounts, driving mass adoption of blockchain.
- XION is a Layer 1 blockchain that seeks to remove complexities and barriers traditionally associated with Web3, offering a smoother, Web2-like experience. By being walletless, XION allows users to engage with blockchain apps without needing to manage private keys, gas fees, or deal with seed phrases. XION’s core technology revolves around Chain Abstraction, which makes it more user-friendly and interoperable across networks.
- A recent research article delves into the evolving role of cross-chain bridges as economic engines for the blockchain space, highlighting how these bridges are critical for facilitating capital flow across blockchain networks. Cross-chain bridges generate fees from locking/minting assets, relayer services, and liquidity provider incentives. They must continue to evolve to maintain their relevance as blockchain technology matures.
- Uniswap Labs has officially launched Unichain, a fast, decentralized Layer 2 built to address key challenges in decentralized finance and to scale Ethereum’s roadmap. Unichain offers fast transactions with one-second block times and will soon introduce 250-millisecond “sub-blocks” for near-instant user experiences. Etherspot’s Skandha Bundler already supports Unichain, enhancing the onboarding of users and developers into this new L2 ecosystem.
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Crypto-News-Flash
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Polygon Expands DeFi and Gaming with zkEVM Integration
- Polygon's AggLayer improves cross-chain liquidity flow and enhances user experience across DeFi ecosystems.
- Ronin's integration with Polygon's zkEVM boosts gaming with faster, decentralized transactions.
- Polygon makes significant strides in scalability, DeFi, and gaming, driving adoption and innovation.
- Polygon's success extends beyond gaming and DeFi, with rising daily transactions and active addresses.
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TheNewsCrypto
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US SEC Sues Cumberland DRW for Unregistered Crypto Asset Trading
- The U.S. SEC has sued Cumberland DRW LLC for trading over $2 billion in crypto assets without dealer registration.
- The SEC's complaint names five assets as securities: SOL, POL, ATOM, ALGO, and FIL.
- Cumberland is accused of violating Section 15(a) of the Securities Exchange Act of 1934.
- This legal action is part of the SEC's efforts to regulate the crypto market and ensure investor protection.
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Zycrypto
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SEC Sues Crypto Trading Firm Cumberland; Alleges Polygon And Solana Are Securities
- The SEC has sued crypto trading firm Cumberland, accusing it of operating as an unregistered securities dealer in handling over $2 billion worth of cryptocurrencies.
- The SEC alleges that Cumberland traded crypto assets like Polygon (POL), Solana (SOL), Cosmos (ATOM), Algorand (ALGO), and Filecoin (FIL) that are considered securities.
- Cumberland denies the allegations and states that it has been in discussions with the SEC for years and remains confident in its compliance framework.
- The SEC is seeking disgorgement, a permanent injunction, and civil penalties from Cumberland.
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Alleywatch
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The 12 Largest NYC Tech Startup Funding Rounds of Q3 2024
- Octane raised $50.0M series E funding in August 2024 and has raised $221.2M in total equity funding.
- Chaos Labs raised $55.0M series A funding in August 2024; the company has raised $75.0M in total equity funding.
- Captions’ series C funding raised $60.0M in July 2024, which makes a total of $100.0M in equity funding.
- Standard Bots raised $63.0M series B funding in July 2024 and has raised a total of $63.0M in equity funding.
- Air Company raised $69.0M series B funding in September 2024 and has raised $107.9M in total equity funding.
- Valon Technologies had a venture funding round of $69.7M in August 2024, making a total of $166.8M in equity funding.
- EliseAI raised $75.0M series D funding in August 2024, making a total of $141.9M in equity funding.
- K Health had a venture funding round of $88.4M in July 2024 and has raised $418.7M in total equity funding.
- Headway raised $100.0M series D funding in July 2024, making the company's total equity funding $325.5M.
- Spring Health raised $100.0M series E funding in July 2024 making the platform's total equity funding $466.5M.
- Hebbia raised $130.0M series B funding in July 2024 and has raised a total of $161.1M in equity funding.
- Bilt Rewards had a venture funding round of $150.0M in August 2024 and has raised a total of $563.3M in equity funding.
- Earned Wealth had a venture funding round of $200.0M in July 2024 and has raised a total of $212.0M in equity funding.
- Altana raised $200.0M in series C funding in July 2024, with a total equity funding of $322.0M.
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TheNewsCrypto
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Polygon And Litecoin Investors Are Already Buying This $0.03 Coin, See How You Can Join This Ride To Millions
- Investors in Polygon (MATIC) and Litecoin (LTC) are turning their attention to an emerging $0.03 coin with substantial growth potential.
- Polygon's MATIC token is experiencing increased whale activity but has faced a significant drop in value.
- Litecoin is witnessing a rise in active addresses, sparking predictions of price increases, but is currently facing downward pressure.
- FXGuys introduces an innovative DeFi platform with zero fees, rewarding users for every trade and offering institutional-grade resources.
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Bitcoinist
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Japanese Financial Giant SBI Unveils NFTs On XRP Ledger And Polygon
- SBI Digital Community, a subsidiary of SBI Holdings, is set to conduct the public sale of its inaugural 'Crypto Canvas Collection' NFTs on Polygon and XRP Ledger.
- The collection consists of 3,000 unique hand-drawn generative NFTs, with each priced at 0.025 ETH.
- Credit card payments will be accepted during the public sale, making it more accessible for newcomers to cryptocurrency.
- Holders of the first collection NFTs will enjoy exclusive benefits, including participation in lotteries to win additional NFTs and access to an NFT discount service at participating stores.
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Bitcoinist
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Solana Dominates In 3 Core Metrics, Over 378,000 Tokens Minted In September Alone
- Solana leads and dominates other blockchains in on-chain data.
- Over 378,000 tokens were minted on Solana in September, majorly meme coins.
- Solana ranks highest in buyers, transactions, and unique wallet addresses but trails Ethereum and Polygon in trading volume.
- The surge in meme coin activity can be attributed to the deployment of Pump.fun on Solana.
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Crypto-News-Flash
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Sui (SUI) Poised for October Breakout—All Time High Within Reach?
- Sui Network's Total Value Locked (TVL) has surged 65% in 30 days, reaching $1.07 billion.
- The growth in TVL indicates increased confidence in SUI's utility and creates upward pressure on its price.
- Sui's mainnet launch of Sui Bridge is expected to attract new users and increase liquidity on the platform.
- SUI's open interest has reached $750 million, reflecting growing appetite for SUI derivatives and potential for breaking its all-time high of $2.18.
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Crypto-News-Flash
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Polygon Powers Assetera: Tokenized Assets and Efficient Transactions Ahead
- Investment firm Assetera has chosen Polygon as its Layer 2 network for its real-world asset tokenization platform.
- The platform will offer tokenization for securities, money market instruments, and funds, using stablecoins for payments.
- By utilizing Polygon's smart contracts, Assetera aims to provide secure peer-to-peer trading with lower costs and fees.
- Polygon's scalability, low fees, and efficiency make it an attractive choice for tokenization projects, with over 400 million unique addresses and $2 billion in bridged assets.
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Crypto-News-Flash
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Polygon zkEVM Mainnet Beta Prepares for Eggfruit Upgrade: What You Need to Know
- The Eggfruit upgrade for Polygon zkEVM Mainnet Beta will launch on September 30, 2024, improving network performance and stability.
- A new sequencer by Gateway will boost transaction speed and allow for more complex transactions with double zkCounters.
- Polygon zkEVM Mainnet Beta is preparing for a significant upgrade that will improve its performance and stability.
- The upgrade will bring a faster and more stable environment for developers building dApps.
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Crypto-News-Flash
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USDC Issuer Circle Debuts New Compliance Technology for Programmable Wallets
- Circle, the issuer of US Dollar Coin (USDC), has launched a Compliance Engine to help developers meet regulatory requirements and build on-chain financial services.
- The Compliance Engine integrates with Circle's Programmable Wallets and offers tools such as Transaction Screening and the Travel Rule Service.
- Circle aims to increase USDC usage by providing a blockchain-based compliance platform that ensures transaction integrity and safety.
- The Compliance Engine will be available on multiple blockchain platforms, including Avalanche, Ethereum, Polygon PoS, and Solana.
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TheNewsCrypto
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Claim 50% Extra with “BDAG50” Before BlockDAG Rebrands Amid Notcoin’s Decline and Polygon’s POL Upgrade
- Polygon has transitioned from MATIC to POL, which is crucial for its growth in the RWA sector.
- Notcoin (NOT) is facing a bearish phase, raising concerns of a potential drop to its all-time low.
- BlockDAG is offering a 50% bonus on BDAG holdings with the special key BDAG50 until October 14th.
- BlockDAG has raised $75 million in its live presale, signaling strong investor interest and potential for a major exchange listing.
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