Polygon | Crypto

Polygon’s co-founder said even small merchants and drivers recognized MATIC, but many struggle to locate POL since the token’s rebrand. Polygon co-founder Sandeep Nailwal spurred public discussion about the project’s token branding, asking the community if the network should consider reverting its ticker from POL to MATIC.  On Wednesday, Nailwal said that while he personally thinks that they should stick to POL, he continues to hear feedback that the original MATIC ticker had stronger recognition, especially among retail users who are now confused about the asset’s whereabouts.  “The counter-argument I keep getting is: the guy in the Philippines running a sari-sari store, or an Uber driver in Dubai, knew MATIC… and now he has no idea where it went,” he wrote.  Read more

Mastercard is rolling out verified, human-readable crypto aliases to self-custody wallets, using Polygon for onchain support and Mercuryo for identity verification. Mastercard is expanding its Crypto Credential program to self-custody wallets, allowing users to send and receive cryptocurrencies using verified, username-style aliases instead of long wallet addresses. Polygon will be the first blockchain to support the rollout, while payments firm Mercuryo will handle identity verification and issue the aliases to users, according to a Tuesday press release shared with Cointelegraph. “By streamlining wallet addresses and adding meaningful verification, Mastercard Crypto Credential is building trust in digital token transfers,” said Raj Dhamodharan, executive vice president of blockchain and digital assets at Mastercard. Read more

Seven leading providers have launched the Blockchain Payments Consortium to unify cross-chain stablecoin transactions with shared technical and compliance standards, following on-chain volumes that have surpassed major card networks in 2024. The post Fireblocks, Polygon, Solana, Stellar & TON Form $10T Consortium to Standardize Stablecoin Payments appeared first on Cryptonews.

Flutterwave partners with Polygon Labs to launch a stablecoin-powered cross-border payments network spanning 34 countries across Africa. Flutterwave, Nigeria’s largest fintech company, is developing a cross-border payment platform powered by stablecoins, highlighting the growing role of blockchain technology in streamlining payments across Africa. The company is partnering with Polygon Labs to launch the service across its 34-country network, Bloomberg reported Thursday. Polygon’s blockchain infrastructure, built to provide scalable, faster and cheaper transactions on Ethereum, will be used to enhance settlement speed and efficiency. Flutterwave CEO Olugbenga Agboola said the move could transform the flow of funds across the continent, enabling businesses and consumers to bypass the high costs and delays that often plague traditional payment systems. Read more

Amina Bank has become the first regulated financial institution to offer staking for Polygon’s POL token, allowing institutional clients to earn up to 15% rewards. Update (Oct. 9, 12:30 pm UTC): This article has been updated to include additional commentary from Maria Adamjee. Swiss crypto bank Amina Bank has become the first financial institution to offer staking services for POL, the native token securing the Polygon network. The Zug-based bank, licensed by the Swiss Financial Market Supervisory Authority (FINMA), said on Thursday that it will provide institutional clients with up to 15% in staking rewards through a new partnership with the Polygon Foundation. Read more

Activist investor calls for Polygon to scrap 2% inflation and launch buybacks to rescue POL’s price and restore investor confidence. A new proposal to overhaul Polygon’s tokenomics is gaining momentum on the project’s governance forum and across social media, as investors voice frustration over POL’s steep underperformance compared to the broader crypto market. The proposal, authored by activist token investor Venturefounder, calls for major revisions to Poilygon’s (POL) supply model, including the elimination of its 2% annual inflation rate and the introduction of a treasury-funded buyback or burn program to reduce ongoing sell pressure. “These changes are intended to align the supply dynamics of POL with its current technological and strategic reality, reinforce investor confidence, and prevent further token devaluation and network stagnation,” Venturefounder wrote in the forum post. Read more

AlloyX debuts a tokenized money market fund on Polygon, merging bank-custodied assets with DeFi strategies amid growing demand for real-world assets. Tokenization infrastructure company AlloyX has launched a tokenized money market fund on Polygon, designed to combine bank-custodied assets with DeFi-native strategies — a move that highlights the accelerating growth of real-world assets (RWAs) on the blockchain. The fund, called the Real Yield Token (RYT), represents shares in a traditional money market fund whose underlying assets are held in custody by Standard Chartered Bank in Hong Kong and subject to regulatory compliance and audits, the company announced. Like a conventional money market fund, RYT invests in short-term, low-risk instruments such as US Treasurys and commercial paper. Tokenization makes these shares tradable onchain, allowing holders to use them within decentralized finance ecosystems. Read more

Researcher Luiz Eduardo Abreu Hadad told Cointelegraph that while devs are drawn to established ecosystems, the region can create new platforms. Latin America’s developer community is increasingly focused on building within established blockchain ecosystems like Ethereum and Polygon rather than launching new base-layer protocols, according to a report by consultancy firm Sherlock Communications. The study, which included qualitative inputs from 85 developers in Bolivia, Mexico, Brazil and Peru, showed that the region’s builders care about transparency, coordination and compliance. The devs favor intuitive tools, strong documentation and proven track records, making networks like Ethereum and Polygon a good fit. Luiz Eduardo Abreu Hadad, blockchain consultant and researcher at Sherlock Communications, told Cointelegraph that Latin American devs stand out because they show “strong technical maturity” and focus on real-world issues.  Read more

The bug impacted some remote procedure call (RPC) nodes, causing them to fall out of sync, but did not impact onchain block production. The Polygon Foundation, the organization that oversees development of the layer-2 scaling network in the Ethereum ecosystem, said on Wednesday that consensus and finality functions have been restored, following a software bug that caused some nodes to fall out of sync with the blockchain. Polygon successfully executed a hard fork following the software bug that disrupted some remote procedure call (RPC) nodes, which are used to relay information between applications and the blockchain layer, the Polygon team said in Wednesday’s update. The bug was caused by a “faulty” proposal from a validator, which pushed some of the Bor nodes, used for transaction ordering and block production, onto divergent network forks, according to Polygon co-founder Sandeep Nailwal. Nailwal said: Read more

Polygon developer Bruno Skvorc lashed out at World Liberty Financial (WLF) on Saturday, accusing the company of stealing his funds. In a post on X, Skvorc wrote: “…they stole my money, and because it’s the @POTUS family, I can’t do anything about it.” Skvorc was one of the hundreds of users, including Tron founder and […] The post Polygon developer calls World Liberty Financial the ‘scam of all scams” appeared first on CryptoSlate.

USDT0 expands to 11 networks with Polygon integration, while XAUT0 grows following its TON debut and HyperEVM integration. Polygon, a layer-2 (L2) scaling solution for Ethereum, is about to upgrade to the USDT0 standard, the unified liquidity network that introduced the omnichain versions of Tether’s USDT and XAUT. USDT0 (USDT0) and XAUt0 (XAUt0), cross-chain liquidity stablecoins enabled by LayerZero's Omnichain Fungible Token (OFT), are launching on the Polygon blockchain, USDT0 operator Everdawn Labs announced to Cointelegraph on Wednesday. The integration marks a milestone for XAUt0, with Polygon becoming its third blockchain integration following XAUt0’s debut on TON and Hyperliquid’s HyperEVM. Read more

The Philippine government has officially launched a blockchain-based system to verify government documents on the Polygon network as part of a broader initiative to modernize public services and improve trust in state-issued records, local media reported on July 31. The new platform, introduced on July 30 by the Department of Budget and Management (DBM), allows […] The post Philippines turns to Polygon to secure government records on blockchain appeared first on CryptoSlate.

The Philippine government launched a blockchain-based document validation system on Polygon, despite the network suffering a partial outage on the same day. The government of the Philippines announced that it will notarize its documents on the Polygon blockchain — on the same day that the network’s Heimdall v2 mainnet suffered a temporary outage. Maria Francesca Montes Del Rosario, undersecretary at the Philippine Department of Budget and Management, announced in a Wednesday Facebook post that the government’s blockchain transparency was live. According to a Thursday report by local crypto news outlet BitPinas, Del Rosario said at the launch event that blockchain addresses the issue presented by artificial intelligence-generated deepfakes and prevents bad actors from falsifying government documents. Read more

Polygon’s proof‑of‑stake (PoS) network suffered a one‑hour outage on July 30 that disrupted apps and users. According to Polygon CEO and founder Sandeep Nailwal, the incident did not stop block production.  However, QuickNode Status reported that block production stopped for one hour at block height 74,592,238, echoing other reports made by users on X. Consensus […] The post Polygon suffers hour-long RPC disruption affecting block production; Heimdall hotfix to blame appeared first on CryptoSlate.

POL rose 7.25% in the past day, as traders bet big on Polygon’s make-or-break Heimdall v2 upgrade, slated for July 10, that promises to slash transaction times while tackling the network’s oldest technical demons.The rally comes despite Polygon’s planned zkEVM sunset, with on-chain data showing 1.6 million daily active addresses and a DeFi TVL of […] The post Polygon (POL) Technicals Flash Bullish as Heimdall v2 Upgrade Nears – $0.225 Target in Play appeared first on Cryptonews.

Polygon Foundation CEO Sandeep Nailwal described the upcoming Heimdall 2.0 upgrade as the “most complex” Polygon hard fork since 2020. Polygon is set to deploy its most complex hard fork to date on Thursday, upgrading its proof-of-stake blockchain with a new consensus layer dubbed Heimdall 2.0. In an X post, Polygon Foundation CEO Sandeep Nailwal said the upgrade enhances the backbone of Polygon’s proof-of-stake (PoS) blockchain. It will replace legacy components dating back to 2018 and 2019 with newer infrastructure.  “This is the most technically complex hard fork Polygon PoS has seen since its launch in 2020,” Nailwal wrote, adding that it will improve finality, user experience and the network’s upgradeability.  Read more

Polygon co-founder Jordi Baylini continues to serve Polygon in an advisory capacity. Polygon co-founder Jordi Baylina has spun off a new zero-knowledge project called ZisK — an independent initiative aimed at supporting multiple programming languages and accelerating the adoption of decentralized technologies. ZisK is a fully open-source zero-knowledge virtual machine (zkEVM) stack initially developed at Polygon, the new company said in a Wednesday social media post. Baylina said his main focus will shift to developing ZisK, but he will continue to serve Polygon in an advisory role.  The Baylina-led spinoff will house seven additional developers, described as the “core minds behind the Polygon zkEVM prover.” According to ZisK, the development team has worked together for at least three years.  Read more

Co-founder and new CEO Sandeep Nailwal opens up about dissolving Polygon’s board, closing zkEVM and why claiming sole leadership is the network’s best shot at relevance. Polygon co-founder Sandeep Nailwal is charting a new course for the network, backing a singular leadership model as essential to its future. In an interview with Cointelegraph, Nailwal said the shift away from board-led governance isn’t just a structural change but a strategic response to inefficiencies that have slowed Polygon’s momentum. On June 11, he announced he would take over as CEO of the Polygon Foundation, describing the decision as necessary to bring “clear direction and focused execution” to the project’s next chapter. Read more

Nailwal had previously said that Polygon zkEVM's deprecation stems from changing priorities and the product's failure to maintain a meaningful strategic role within the ecosystem.

Polygon’s governance is undergoing a significant transformation, with co-founder Sandeep Nailwal stepping in as the Foundation’s first CEO. In a June 11 post on X, Nailwal said: “As the largest holder of POL and someone who dedicated his life to development and success of Polygon from the very beginning, I have decided to take full […] The post Polygon’s governance revamp to focus on stablecoin payments and AggLayer appeared first on CryptoSlate.