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 Polygon proposes upgrading MATIC into a multipurpose token for all chains

Polygon proposes upgrading MATIC into a multipurpose token for all chains


Published: 2023-07-13


1. Polygon's Upgrade of MATIC into POL: A Multipurpose Token for All Chains The main topic of this article is the upgrade of Polygon's token,MATIC,into a multipurpose token called POL that will be compatible with all chains. This upgrade aims to improve the versatility and functionality of the token within the Polygon ecosystem. The upgrade is expected to make it easier for developers and projects to build and deploy applications on Polygon,thereby enhancing its adoption and scalability.

2. Increased Versatility and Interoperability with POL Token With the upgrade to POL,Polygon aims to enhance the interoperability of its token across different blockchain platforms. The new token will function as a bridge for cross-chain transfers,allowing for seamless and efficient transactions between different blockchains. This increased versatility will attract more developers and projects to leverage the Polygon ecosystem,leading to greater innovation and growth within the decentralized finance (DeFi) space.

3. The Implications for Polygon's Ecosystem and Market Position The upgrade of MATIC into POL signifies a significant milestone for Polygon. The enhanced functionality and compatibility of the token will strengthen Polygon's position as a leading blockchain platform,offering developers and projects the opportunity to explore new use cases and tap into a wider user base. This upgrade is expected to spark further interest and investment in the Polygon ecosystem,driving up demand for the POL token and potentially increasing its market value. Overall,the upgrade of MATIC into POL represents an important step in Polygon's evolution as a multipurpose blockchain platform. The increased versatility and compatibility of the token will attract more developers and projects,solidifying Polygon's position in the market and propelling its growth in the fast-evolving world of blockchain technology.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 BTC title=BTC 57,501.22 4,951,516,612.48
2 ARS title=ARS 1,080.10 1,902,391,857.20
3 ETH title=ETH 2,920.80 1,886,311,917.37
4 SOL title=SOL 129.78 1,055,487,642.15
5 PEPE title=PEPE <0.01 457,031,534.81
6 DOGE title=DOGE 0.13 398,402,592.86
7 XRP title=XRP 0.51 259,548,920.99
8 WIF title=WIF 2.53 204,389,174.61
9 ENA title=ENA 0.78 163,508,100.29
10 OP title=OP 2.66 154,045,098.05
11 BONK title=BONK <0.01 134,622,007.95
12 NEAR title=NEAR 5.95 134,193,268.16
13 RUNE title=RUNE 4.75 122,374,761.42
14 AVAX title=AVAX 32.69 108,998,146.49
15 ETHFI title=ETHFI 3.65 97,043,177.85
16 BOME title=BOME <0.01 91,312,569.81
17 ORDI title=ORDI 33.32 88,148,385.53
18 TRX title=TRX 0.12 74,672,462.86
19 ADA title=ADA 0.45 70,644,932.99
20 FLOKI title=FLOKI <0.01 68,197,255.23
21 WLD title=WLD 4.49 67,970,922.58
22 AR title=AR 28.34 66,848,269.28
23 HBAR title=HBAR 0.10 66,471,327.08
24 RNDR title=RNDR 7.39 63,479,874.13
25 MATIC title=MATIC 0.69 62,977,320.39
26 LINK title=LINK 13.25 62,327,481.74

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 Voyager title=VGX 0.09 +20.28
2 COMBO title=COMBO 0.72 +14.65
3 Jito title=JTO 3.27 +11.50
4 Contentos title=COS 0.01 +9.34
5 Axelar title=AXL 1.18 +7.38
6 Amp title=AMP <0.01 +6.27
7 Steem title=STEEM 0.30 +6.21
8 aelf title=ELF 0.55 +6.19
9 Lisk title=LSK 1.71 +6.15
10 Waves title=WAVES 2.33 +5.63
11 BinaryX title=BNX 1.01 +4.86
12 REI Network title=REI 0.08 +3.74
13 Optimism title=OP 2.66 +3.26
14 Solana title=SOL 129.78 +3.13
15 Stargate Finance title=STG 0.51 +3.06
16 Compound title=COMP 55.10 +2.99
17 Bluzelle title=BLZ 0.33 +2.99
18 EOS title=EOS 0.78 +2.70

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 Paris Saint-Germain Fan Token title=PSG 4.54 -13.37
2 Atlas Aggregator title=ATA 0.19 -11.81
3 Venus title=XVS 8.52 -10.69
4 Pundi X title=PUNDIX 0.58 -9.87
5 1inch title=1INCH 0.36 -8.88
6 Vite title=VITE 0.02 -7.66
7 Nano title=XNO 1.04 -7.47
8 Civic title=CVC 0.15 -5.93
9 Sei title=SEI 0.51 -5.81
10 Orion title=ORN 1.39 -5.71
11 Golem title=GLM 0.44 -5.50
12 FarmBot title=FARM 74.57 -5.49
13 Dogecoin title=DOGE 0.13 -5.43
14 Akropolis title=AKRO <0.01 -5.36
15 NULS title=NULS 0.54 -5.12
16 Bonk title=BONK <0.01 -5.02
17 Ontology Gas title=ONG 0.52 -5.00
18 REZ 0.14 -4.99
19 Aevo title=AEVO 1.31 -4.92
20 LeverFi title=LEVER <0.01 -4.88
21 Siacoin title=SC <0.01 -4.84
22 FC Barcelona Fan Token title=BAR 2.38 -4.73
23 Santos FC Fan Token title=SANTOS 5.68 -4.68
24 Stafi title=FIS 0.48 -4.66
25 Arweave title=AR 28.34 -4.56
26 Wrapped Bitcoin title=WBTC 57,505.37 -4.48
27 Syscoin title=SYS 0.19 -4.46
28 Yield Guild Games title=YGG 0.73 -4.45
29 Polkastarter title=POLS 0.70 -4.42
30 Bitcoin title=BTC 57,501.22 -4.42

Bitcoin's Greed and Fear Index.

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43
Fear

Global CryptoCurrency News

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(See more news ...)
at news date
1 BlackRocks Bitcoin ETF sees first outflow day as US ETFs notch record bleed 2024-05-02
2 Bitcoin 4 dip may panic short term holders as price falls below average cost 2024-05-02
3 DeFi lending giant Aave unveils V4 protocol overhaul 2024-05-02
4 Chainlink to join Rapid Addition in building blockchain adapter for institutions 2024-05-01
5 Losses from crypto hacks plunge 67 in April to 60 million 2024-05-01
6 Tether nets record 45B profit in Q1 2024 majority from Bitcoin and gold 2024-05-01
7 Bitcoin L2s set to explode as Runes congest BTC network 2024-05-01
8 Is Bitcoin price bouncing at 57K Here039s why these levels are key 2024-05-01
9 FanSociety creator explains how NFTs can bring musicians and fans together 2024-05-01
10 Dutch exchange Bitvavo taps Figment to expand staking services 2024-05-01
11 Bitcoin down 20 from all time highs Is BTC price headed to 50K 2024-05-01
12 Meme coins Betrayal of cryptos ideals or its true purpose 2024-05-01
13 Changpeng Zhao four month prison sentence lighter than expected 2024-05-01
14 Physical version of gold backed token replaces Zimbabwe dollar 2024-05-01
15 CZ sentenced A chronology of Binances legal battles in the US 2024-05-01
16 US Court to hear proposed remedies from Terraform Labs Do Kwon in May 2024-05-01
17 Bitcoins euphoria phase cools but a BTC bottom could be near Glassnode 2024-05-01
18 BlackRock039s BUIDL becomes the worlds largest tokenized treasury fund 2024-05-01
19 No signs of Bitcoin miner capitulation despite plummeting revenue 2024-05-01
20 Pretty ordinary stuff Traders seem unfazed by Bitcoin correction 2024-05-01
21 Fantom bets on safer memecoins with launch of 65M dev fund 2024-05-01
22 RWA protocols are closing in on 8B total value locked Messari 2024-05-01
23 Web3 gaming needs to shift from play to earn to play and earn Bitget 2024-04-30
24 Londons Joe Rogan and crypto advocate Brian Rose makes bid for mayor 2024-04-30
25 BlackRocks Bitcoin ETF daily inflow on halt for 4 days 2024-04-30
26 Is mysterious gpt2 chatbot OpenAI039s next upgrade in disguise 2024-04-30
27 Bitcoin sub 60K levels in focus after daily crypto liquidations near 300M 2024-04-30
28 Web3 gaming wont exist in 5 years 656K for best crypto game pitch Web3 Gamer 2024-04-30
29 Patrick McHenry accuses Gary Gensler of misleading US lawmakers over Ether 2024-04-30
30 Bitcoin sells the news on Hong Kong ETF debut Will BTC hold 60K 2024-04-30
31 April sees 25M in exploits and scams marking historical low Certik 2024-04-30
32 Bankruptcy judge signs off on 450M FTX Voyager settlement 2024-04-30
33 Eigenlayer releases EIGEN white paper bans airdrop for US users 2024-04-30
34 Crypto investment funds see 435M outflow as bull market stalls amid rising inflation concerns 2024-04-30
35 Terraform proposes 1M penalty for SEC case no relief or disgorgement 2024-04-30
36 Solana illustrates the dark side of monolithic blockchains 2024-04-30
37 Samourai Wallet co founder pleads not guilty released on 1M bond 2024-04-30
38 MicroStrategy Q1 net loss hits 531M but Bitcoin buying spree continues 2024-04-30
39 Hong Kong ETFs begin trading issuers unfazed if US declares ETH a security 2024-04-30
40 EigenLayer users fume over restrictive airdrop others say its generous 2024-04-30
41 Someone shit in the jacuzzi Bitcoiners furious after testnet griefing 2024-04-30
42 Stablecoin firm Tether invests 200M in neurotech company 2024-04-29
43 Omnity rolls out integration for no fee Runes trading 2024-04-29
44 Circles USDC overtakes Tethers USDT in stablecoin transactions Visa 2024-04-29
45 US stablecoin bill to cement dollar dominance fight sanction evasion 2024-04-29
46 OpenAI announces new publishing deal as race to license content heats up 2024-04-29
47 SEC and Gensler believed Ether was security for at least a year 2024-04-29
48 North Korean Lazarus Group has laundered over 200M in hacked crypto since 2020 2024-04-29
49 68 of Runes are in the red Are they really an upgrade for Bitcoin 2024-04-29
50 Avalanche integrates with Stripe for fiat to crypto onboarding 2024-04-29

US news that has a significant impact on the market

at news day date time
1 Challenger Job Cuts y/y Thursday 02-05-2024 12:30
2 Unemployment Claims Thursday 02-05-2024 13:30
3 Prelim Nonfarm Productivity q/q Thursday 02-05-2024 13:30
4 Prelim Unit Labor Costs q/q Thursday 02-05-2024 13:30
5 Trade Balance Thursday 02-05-2024 13:30
6 Factory Orders m/m Thursday 02-05-2024 15:00
7 Natural Gas Storage Thursday 02-05-2024 15:30
8 Average Hourly Earnings m/m Friday 03-05-2024 13:30
9 Non-Farm Employment Change Friday 03-05-2024 13:30
10 Unemployment Rate Friday 03-05-2024 13:30
11 Final Services PMI Friday 03-05-2024 14:45
12 ISM Services PMI Friday 03-05-2024 15:00
13 FOMC Member Williams Speaks Saturday 04-05-2024 01:15

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