This Polygon Weekly Recap is supplied solely for informational functions and doesn’t represent funding recommendation. Polygon is a community stuffed with potential, with excessive safety and quick transaction pace. Final week, Polygon formally introduced the launch of zkEVM, which will increase scalability and transaction pace whereas making certain safety. That is essential information within the evolution of the Polygon community. The ecosystem additionally has a lot different notable information. Let’s analyze the information on Polygon with Coincu Ventures.
Complete Worth Lock
Complete Worth Locked has recovered previously week. Particularly, TVL elevated from $1.7B to $1.85B, an improve of roughly 8.82%. The full worth locked of the entire system has usually recovered previously one month. This can be a good signal.
Stablecoin Provide
If solely taking a look at TVL and assessing the expansion of an ecosystem, it will be very flawed. As a result of the present pattern is Web3 and NFTs, however these two segments would not have TVL. So a greater indicator to gauge the general money stream within the ecosystem is Stablecoins. Stablecoins have been largely flat for the previous two months. Particularly, the Stablecoin provide elevated barely by 1.25% from the earlier week and is holding at $2.43B.
$USDC has the best weight, with $1.55B – accounting for 63.87%. Subsequent is $USDT with $645.73M- accounting for 26.56%.
Polygon zkEVM, the primary EVM-equivalent ZK L2
On July 20, Polygon formally launched Polygon zkEVM. this mechanic is the primary open-source zk-Rollup offering full EVM opcode equivalence for a frictionless consumer expertise and the safety of Ethereum. This know-how will assist customers and builders alike reap the futuristic advantages of ZK proofs, all whereas benefiting from the decentralization, safety, and familiarity of Ethereum.
Extra data: CLICK HERE
Polygon companions with Kaleido
Polygon is partnering with enterprise-grade Web3 infrastructure platform Kaleido to offer companies the facility to construct customized blockchains tailor-made to their wants. Kaleido will leverage Polygon Edge, a modular framework for bootstrapping Ethereum-compatible networks, to satisfy surging demand from enterprises trying to launch companies in Web3
Extra data: CLICK HERE
NodeReal MegaNode Now Helps Polygon!
MegaNode offers high-performance blockchain API companies for BNBChain, Ethereum , Aptos (Testnet), and now, Polygon!
With MegaNode’s help, builders have been extra accessible than ever to construct on Polygon and capitalize on the huge consumer demand for various dApps within the Polygon ecosystem – from wallets, DeFi, and NFTs to GameFi, and extra.
Extra data: CLICK HERE
Polygon BUIDL IT : Summer time 2022
This hackathon is to assist developer faucet into Web3 and construct their very own decentralized utility with Polygon. The hackathon will give attention to the primary areas equivalent to: Defi, NFTs, Gaming, Tooling/infrastructure, Public Items, Web3, ZK. With a complete prize pool of as much as $500,000
Extra data: CLICK HERE
Lending/Borrowing
Ooki Neighborhood Roadmap Planning
Ooki has built-in with Canny to streamline characteristic requests and roadmap planning. Ooki customers can now go to Ooki’s roadmap and have request pages at https://ooki.canny.io/ to take part in growth and have requests.
Extra data: CLICK HERE
Yield Aggregator
Evmos is now built-in on Autofarm
Evmos is the seventeenth chain built-in on Autofarm. This partnership will assist customers on Evmos diversify the companies used for tokens on Evmos, and supply a supply of liquidity from Evmos to Polygon by means of Autofarm.
Extra data: CLICK HERE
Asset Administration
Sharpe integrates with Polygon to launch risk-managed systematic funding merchandise.
Sharpe goes stay on Polygon! Sharpe’s Structured Funding Vaults are actually built-in with Polygon to construct scalable funding merchandise on Polygon’s commit chain.
With quicker transaction processing and better safety of Polygon, Customers interacting with Sharpe is not going to be burdened with an exorbitant payment or extended processing instances, making it higher and easier for everybody to spend money on DeFi funding merchandise
Extra data: CLICK HERE
Web3.0
PARSIQ’s Tsunami API Launches on Polygon.
The Tsunami API is the core API created by the PARSIQ Community. With this integration, Tsunami offers Polygon’s whole ecosystem of builders, dApps, and protocols entry to the total spectrum of information on Polygon. The Tsunami API offers customers with uncooked information from the whole historical past of a sequence. It additionally offers the power to use filtration mechanisms, permitting for the querying of the entire of the blockchain historical past, for instance, by the sender, receiver, contracts it interacted with by matter.
Extra data: CLICK HERE
Webpay – Fee: a crypto cost gateway the place customers can leverage it to course of funds in a quick & cost-efficient method.
Above is the essential data previously week on the Polygon ecosystem.
When you have any questions, feedback, options, or concepts in regards to the venture, please electronic mail [email protected].
Discover extra details about Polygon
Web site: https://polygon.technology/
Whitepaper: https://polygon.technology/lightpaper-polygon.pdf
Twitter: https://twitter.com/0xPolygon
Telegram: https://t.me/polygonofficial
DISCLAIMER: The Data on this web site is supplied as normal market commentary and doesn’t represent funding recommendation. We encourage you to do your individual analysis earlier than investing.
Ken. N
Coincu Ventures
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