Token

Polygon

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<div class="watcher-guru">
 <p>The <a rel="noopener noreferrer nofollow" title="Polygon" href="https://thebittimes.com/tag/polygon.html">Polygon</a> [<a rel="noopener noreferrer nofollow" title="MATIC" href="https://thebittimes.com/tag/matic.html">MATIC</a>] network seems to be making strides on the developmental front. According to a recent tweet from <a rel="noopener noreferrer nofollow" title="Polygon" href="https://thebittimes.com/tag/polygon.html">Polygon</a> Labs, POL contracts have been activated on the Goerli testnet following community discussions. Additionally, two proposals outlining potential modifications to the native token burning mechanism, crucial for future upgrades, have also been introduced on the Goerli testnet.</p>
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    <p lang="en" dir="ltr">Today, as a result of community consultations, POL contracts will be live on Goerli testnet.<br><br>A major step towards bringing Polygon 2.0 to life.<br><br>Based on the community’s feedback during the PIP governance process, PIP-24: Change EIP-1559 Policy &amp; PIP-25: Adjust POL Total Supply,… pic.twitter.com/li8OF0o3jC</p>— Polygon Devs 📍 DevX Global Tour (@0xPolygonDevs) October 4, 2023
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 <p>In accordance with the official announcement, the PIP governance process has led to the introduction of PIP-24: Modifying EIP-1559 Policy and PIP-25: Adapting the Total Supply of POL. These proposals were developed based on input from the community.</p>
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 <p>Furthermore, POL represents the blockchain’s progression in reimagining <a rel="noopener noreferrer nofollow" title="MATIC" href="https://thebittimes.com/tag/matic.html">MATIC</a>. It will support a network of Layer 2 chains based on zero-knowledge technology, enabling functions like staking, community ownership, and governance.</p>
 <p><strong>Also Read: Polygon Releases 3 Major Proposals for POL Token</strong></p>
 <h4 class="wp-block-heading" id="h-polygon-s-matic-turns-a-bullish-chapter-but-for-how-long">Polygon’s MATIC turns a bullish chapter but for how long?</h4>
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 <p>Polygon’s native token, MATIC, registered a spike on the price front. From a low of $0.508, it ascended to a high of $0.5925. The asset surged by nearly 10% throughout the last couple of days. However, at press time, the asset was trading for $0.5581, down by 5.30% over the past day.</p>
 <p>As the price experienced a significant surge, <a rel="noopener noreferrer nofollow" title="MATIC" href="https://thebittimes.com/tag/matic.html">MATIC</a>’s trading volume also saw an increase. Such a move is generally seen as a positive development. According to Santiment, alongside Bitcoin [BTC] and XRP, <a rel="noopener noreferrer nofollow" title="Polygon" href="https://thebittimes.com/tag/polygon.html">Polygon</a> saw a prominent surge in volume. However, at press time, similar to its price, the asset’s trading volume dipped by 26.10%.</p>
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 <p>This abrupt downtrend could have also been prompted by the recent departure of the network’s co-founder. Jaynti Kanani, one of the co-founders of Polygon, disclosed that he hasn’t been actively involved in the project’s day-to-day operations for the past year. Instead, he has moved on to new endeavors after playing a pivotal role in its launch back in 2017.</p>
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    <p lang="en" dir="ltr">After kickstarting Polygon in 2017, around 6 months back, I decided to step back from the day-to-day grind.<br><br>I'm more confident in Polygon's bright future and passionate community. I'll be focusing on new adventures while still cheering and contributing to Polygon from the…</p>
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    </div> — Jaynti Kanani (JD) (@jdkanani) October 4, 2023
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 <p>This announcement marks the third exit among the ten co-founders of Polygon this year. Although it’s not unusual for executives to move on to new ventures, Kanani’s departure during Polygon’s transition to Polygon 2.0 has raised concerns.</p>
 <p><strong>Also Read: Polygon Network Welcomes Google Cloud as a Validator</strong></p>
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<div class="cs-entry__tags">
 <ul>
  <li>crypto</li>
  <li>cryptocurrency</li>
  <li>MATIC</li>
  <li>Polygon</li>
  <li>Polygon 2.0</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/polygon-matic-volume-spikes-as-polygon-2-0-makes-grand-debut-tbt65216.html">https://thebittimes.com/polygon-matic-volume-spikes-as-polygon-2-0-makes-grand-debut-tbt65216.html</a></p>

Polygon MATIC Volume Spikes As Polygon 2.0 Makes Grand Debut

TheBitTimes

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