PolygonInsights - Bridge Flows Jan-Aug 2022
From January to August 2022, more than $11 Bn has entered the Polygon ecosystem from multiple chains. Ethereum ($8.2 Bn+), Fantom Opera ($1.06 Bn+), and Binance ($863 Mn+) have had substantial inflow contributions and while January ($590 Mn+) recorded the highest net volume, there was a sharp decrease in February followed by a revival in […]
The Many Lives of Tokens
Tokens are the élan vital of Web3 networks, and projects are often perceived through the price at which they trade. But token price, subject to market sentiment and speculation, is not synonymous with token value. To understand the fundamentals, we must first unpack the different ways that value accrues to tokens in the new Internet […]
Announcing the Winners of Polygon’s BUIDL IT Hackathon!
Polygon is pleased to announce winners of Polygon’s BUIDL IT Summer 2022 hackathon! We funneled over $500,000 in resources to help developers build a more equitable web. This year, we saw 3.6 times as many projects submitted to #BUIDLIT compared to last, a number that translates to the highest conversion rate of registrations to projects […]
Going Beyond the Green Manifesto: Our New Impact Commitment
With Ethereum’s Merge finally upon us, we’ve been thinking about how this historic milestone will affect our sustainability efforts. Polygon’s initial commitment to become carbon neutral and eventually carbon negative was largely addressing emissions generated by our relationship with Ethereum. The Merge dramatically changes that equation. Ethereum’s transition from Proof-of-Work to Proof-of-Stake consensus, known as […]
PolygonInsights - WEEK36
Hola readers! Homa games, a leading platform for creating and publishing mobile games, is joining the Polygon ecosystem, PIL ZK Tooling is now open source, and OnePlanet completed its migration to Polygon. Let’s dive in. Key takeaways: Weekly NFT volume continued to grow the past week, climbing to $364 Mn (+37%). The past week recorded […]
Starbucks Taps Polygon for Its 'Starbucks® Odyssey' Web3 Experience
Today, we are thrilled to announce that Starbucks Coffee Company is working with Polygon to provide the blockchain technology to build its recently announced Web3 experience, Starbucks Odyssey. As a result of the partnership, this new Web3-powered experience will allow Starbucks Rewards loyalty program members and Starbucks partners (employees) in the United States to earn […]