Tag: Polygon

Ethereum scaling project Polygon and Seven Seven Six, Reddit co-founder Alexis Ohanian’s venture capital firm, have jointly launched a $200 million initiative to invest in Web3 social media and gaming projects. On Friday, Polygon and Alexis Ohanian’s VC firm, Seven Seven Six, announced a $200 million initiative backing projects operating at the intersection of social…

Layer-two protocols have seen 330% growth this year in terms of active addresses. One such protocol, Polygon, has briefly surpassed Ethereum, the network for which it is a scaling solution. Many of these new users may be engaged due to the upcoming mobile gaming app Arc8. Polygon, a layer 2 aggregator, has encountered an immense…

On Tuesday, the Poly Network suffered a $612-million hack that did the hacker steal assets from Ethereum, Binance Chain, and the Polygon Network. It’s the biggest heist in DeFi history. However, the suspected hacker already returned over half of the stolen funds, saying he did it “for fun.” On Aug. 10, a hacker exploited a…

Tidal Finance, an insurance offering aimed at the growing decentralized finance (DeFi) space, announced Tuesday the launch of its mainnet and token reward system for users providing capital to its reserve pools. The platform goes live on Ethereum layer 2 network Polygon, with a subscription-based insurance model, including StaFi, Marlin, EasyFi, Xend Finance, and bZx….

Legendary billionaire investor Mark Cuban said on Sunday that the U.S. government and regulators should start getting behind crypto innovations, like decentralized finance (DeFi). In other ways, the U.S. will “lose the next great growth engine that this country needs.” Cuban outlined his mind in the blog post named “The Brilliance of Yield Farming, Liquidity…

The price of Ethereum reaches a historical maximum, surpassing all expectations, and this is due to the fact that Polygon flips Ethereum in daily transactions Layer-2 solution Polygon (MATIC) turned some heads as it has surpassed Ethereum (ETH) in the number of transactions, and is now being discussed as a possible competitor to Binance Smart…