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>100k MATIC

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Polygon

Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). 

The Polygon team has hired talent from large global tech companies and reached out to brands that have many consumers.

Bernstein Says Polygon Blockchain Is the Web3 King

A leading analytics firm is revealing that blockchain scaling solution Polygon is witnessing a dramatic drop in the supply of MATIC on crypto exchanges even after the token's explosive rally in the last few days.

Polygon Witnesses Sharp Drop in Supply As MATIC Disappears From Exchanges: Crypto Insights Firm Santiment

Cardano

Solana

Cryptocurrency analyst Jason Pizzino is expressing bearish sentiment on two top-ten altcoins while signaling a bearish outlook on one altcoin. Starting with Polygon (MATIC), Pizzino tells his 278,000 YouTube subscribers that the Ethereum (ETH) scaling solution is making higher lows, a bullish signal.

Polygon Showing Strength but Cardano and One Ethereum Rival Flashing Bearish Signal, Says Top Crypto Analyst

MATIC is pumping this month in the wake of Reddit's surging Polygon NFTs and Instagram's Polygon integration.

MATIC Jumps 20% in a Day After Instagram's Polygon NFT Minting Reveal

Cosmos

Polygon rose for a second consecutive session on Friday, climbing by as much as 20%. This surge pushed prices of the token to their highest level since May. Cosmos was another big gainer on Friday, with prices rallying to a five-week high. Overall, the cryptocurrency global market cap is now trading 2.64% higher.

Biggest Movers: MATIC Moves to 6-Month High, ATOM up 10%

Dogecoin

A popular crypto analyst says Dogecoin (DOGE) and Polygon (MATIC) are primed for huge rallies as markets move sideways. The pseudonymous trader known as Kaleo tells his 538,100 Twitter followers that Dogecoin is consolidating around a baseline bullish price at $0.13 and he predicts a more than 50% price bounce.

Crypto Trader Says Dogecoin and a Top-20 Ethereum-Based Altcoin Are Primed for Explosive Rallies

Polygon (CRYPTO: MATIC) was among the top three cryptocurrency gainers on Thursday, after the platform announced high-profile partnerships with JPMorgan (NYSE: JPM) and Meta Platforms Inc's (NASDAQ: META) Instagram. What Happened: MATIC is up by 200% since its lowest point on June 19, according to CoinMarketCap.

Polygon Sizzles After Instagram, JPM Tie-Ups — Eyes 175% Breakout To Hit Record High

Social media giant Meta is announcing a new feature to allow creators to make their own non-fungible tokens (NFTs) and sell them directly on Instagram. The NFTs will be minted on Polygon (MATIC), which surged by 12.8% over the last 24 hours following the announcement.

Meta Announces New Product Allowing Creators To Build Instagram NFTs on Polygon (MATIC)

Polygon rose to its highest level since August, as the token climbed by as much as 10% on Thursday. Today's rise comes despite cryptocurrency markets mainly residing in the red, with the global market cap down 0.41% as of writing. Flow was another notable expectation to today's declines, climbing by 14% earlier in the day.

Biggest Movers:  MATIC Hits Highest Point Since August, as FLOW Jumps 14% on Thursday

Polygon's token rose as much as 13% following the news Instagram would support a Polygon-powered NFT marketplace. The post Polygon token bucks Fed-fueled downturn after Instagram announcement appeared first on The Block.

Polygon token bucks Fed-fueled downturn after Instagram announcement

Like Reddit, Instagram turned to Polygon for its NFT plans, while attempting to offer users permanent storage through Arweave.

Polygon, Arweave Jump Double Digits as Meta's Instagram Announces New NFT Tools

The tech giant says an "end-to-end toolkit" to ensure NFTs can be created, showcased and sold — with Polygon the first blockchain to be supported.

Meta Allows NFTs to Be Created on Instagram — and Sold Directly to Fans

While most altcoins struggle in light of the bearish cryptocurrency market, Polygon (CRYPTO: MATIC) has been outperforming the apex Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and even Elon Musk's favorite Dogecoin (CRYPTO: DOGE). What Happened: MATIC is up by 9.50% in the last 24 hours, trading at $0.97 at the time of writing, according to data from Benzinga Pro.

Why Polygon Is Outperforming Bitcoin, Ethereum And Dogecoin Today

Meta Platforms Inc (NASDAQ: META)-owned Instagram will soon allow users to create, sell and showcase Polygon (CRYPTO: MATIC) based nonfungible tokens (NFTs), giving them new ways to monetize their communities using digital collectibles. What Happened: Instagram on Wednesday announced plans to integrate a full end-to-end toolkit that can be used for the whole process — from the creation of NFTs to showcasing and selling NFTs, starting on the Polygon blockchain.

You Will Soon Be Able To Mint, Sell, And Showcase Polygon-Based NFTs On Instagram

Instagram creators will soon be able to mint and sell NFTs in a marketplace on the platform that will support the Polygon blockchain. The post Instagram to support Polygon-powered NFT marketplace appeared first on The Block.

Instagram to support Polygon-powered NFT marketplace

Aera says its vaults will help DAOs on the Polygon network to better manage their treasury functions and improve capital efficiency. The post Aera creates vaults for DAOs on Polygon to manage their treasuries appeared first on The Block.

Aera creates vaults for DAOs on Polygon to manage their treasuries

The company says it aims to run a Polygon validator node soon.

FIS Subsidiary Worldpay to Enable USDC Settlements on Polygon

Aave

The live trade is the first of Singapore's Project Guardian pilot, which aims to explore the potential of DeFi applications in wholesale funding markets. The post Singapore leverages Polygon and Aave in first DeFi wholesale markets transaction appeared first on The Block.

Singapore leverages Polygon and Aave in first DeFi wholesale markets transaction

A trading robot with a reputation for outperforming the digital asset markets is sharing its newest portfolio allocations amid the ongoing crypto bear market. Every week, the Real Vision Bot conducts surveys to compile algorithmic portfolio assessments that generate a “hive mind” consensus.

Algorithm Known for Outperforming Bitcoin and Crypto Markets Abruptly Favors Top Ethereum Competitor

A popular crypto analyst thinks one Ethereum (ETH)-based altcoin is likely to outperform both Bitcoin (BTC) and Binance Coin (BNB). The pseudonymous trader known as Kaleo tells his 536,400 Twitter followers that Ethereum scaling solution Polygon (MATIC) could be primed for a breakout against BTC.

Analyst Predicts One Ethereum-Based Altcoin Will Outperform Bitcoin (BTC) and Binance Coin (BNB)

Bitcoin and crypto payment services provider Bitpay has announced that the company now supports the Polygon (MATIC) network. According to the firm, Bitpay app users will be able to store, trade, and spend MATIC later this week, and the collectibles company Panini America will be Bitpay's first merchant to accept MATIC payments.

Crypto Payments Firm Bitpay Adds MATIC Support, Panini America to Accept Polygon Payments

Collectibles Marketplace Panini America Will Be Among the First Merchants to Support Its Customers with the New MATIC Payment Option BitPay, the world's largest provider of Bitcoin and cryptocurrency payment services, has announced support for Polygon and MATIC. Consumers can buy, store, swap and spend MATIC within the BitPay app later this week.

BitPay Adds Polygon Network Expanding Crypto Payment Options

Decentralized exchange (DEX) QuickSwap is ending its lending pool after sustaining losses in a flash loan attack. The Polygon (MATIC) based DEX says $220,000 worth of tokens were stolen following an exploit of DeFi platform Market XYZ.

DeFi Lending Platform Built on Polygon (MATIC) Hacked for $220,000 in Flash Loan Attack

New non-fungible token (NFT) avatars from popular social media platform Reddit have exploded over the past month due to mass adoption on the website. The Reddit NFT collectible avatars based on Polygon (MATIC) have reached 2,813,700 holders, according to Dune Analytics. Only 2 months ago, the NFT collection had 13,000 users.

Reddit NFTs on Polygon (MATIC) Abruptly Soar 642% in Sales Volume This Month, Reaching Nearly 3,000,000 Users

October has been the worst month for exploits and attacks in the history of cryptocurrencies.

News for Polygon Crypto (MATIC)