2024

April

Polygon

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Despite the pale performance of the MATIC price, early Q2, 2024, was very fruitful for Polygon (MATIC) in terms of on-chain records and integrations.
<h2 id="robinhood-wallet-enables-cross-chain-swaps-on-polygon-matic">Robinhood Wallet enables cross-chain swaps on Polygon (MATIC)</h2>
Robinhood Wallet, a mainstream multi-blockchain trading application, now supports cross-chain swaps on Polygon's proof-of-stake (PoS) network. Such statement was shared by Polygon's team today, April 27, 2024.
<blockquote>
 Robinhood Wallet has enabled crosschain swaps on Polygon PoS for tokens supported by <a href="https://twitter.com/0xProject?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@0xProject</a> and <a href="https://twitter.com/lifiprotocol?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@lifiprotocol</a>.👉🏼 enabling onchain access to over 23 million users on <a href="https://twitter.com/RobinhoodApp?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@RobinhoodApp</a> <a href="https://t.co/JbUGxUdiVT" rel="noopener noreferrer nofollow">pic.twitter.com/JbUGxUdiVT</a>— Polygon | Aggregated (@0xPolygon) <a href="https://twitter.com/0xPolygon/status/1783965956684792019?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 26, 2024</a>
</blockquote>
The integration became possible thanks to 0x Project and LI.FI. infrastructure protocols integration. Cross-chain swaps are now available for all tokens supported by the two platforms.
Polygon (MATIC) representatives stressed that on-chain access to the swap module is now unlocked for over 23 million Robinhood app users.
As covered by U.Today previously, Robinhood was among the first applications to list all spot Bitcoin ETFs for trading.
Also, in December 2023, it <a href="https://u.today/robinhood-expands-btc-eth-and-sol-trading-to-eu" rel="noopener noreferrer nofollow">expanded</a> cryptocurrency trading services to the countries of EU. Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) became available for European crypto enthusiasts.
<h2 id="polygon-matic-becomes-go-to-blockchain-for-stablecoins-and-nfts-in-april">Polygon (MATIC) becomes go-to blockchain for stablecoins and NFTs in April</h2>
For Polygon (MATIC), the announcement by Robinhood became yet another milestone in its array of Q2, 2024 accomplishments.
In the last 30 days, Polygon (MATIC) became the leading Ethereum Virtual Machine blockchain in terms of NFT-associated transactions.
<blockquote>
 .<a href="https://twitter.com/0xPolygon?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@0xPolygon</a> is the leading EVM chain by number of NFT transactions.Transactions counted here are those that involve NFT transfers only, where they counted the number of distinct hashes in the ERC721 and ERC1155 tables.This highlights that <a href="https://twitter.com/0xPolygon?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@0xPolygon</a>'s NFT ecosystem is the… <a href="https://t.co/4Jvkd15hJv" rel="noopener noreferrer nofollow">pic.twitter.com/4Jvkd15hJv</a>— Polygon Stats (@polygonstats) <a href="https://twitter.com/polygonstats/status/1783612965024825690?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 25, 2024</a>
</blockquote>
Also, as per a recent <a href="https://twitter.com/spencernoon/status/1783558295694753837" rel="noopener noreferrer nofollow">report</a>, Polygon (MATIC) registered 1.9 million on-chain stablecoin users, while its closest competitors, Ethereum (ETH) and Arbitrum (ARB), only onboarded 1.4 million stablecoin users each.

Robinhood Issues Crucial Announcement for Polygon (MATIC) Community

Table of Contents

U_Today

Other articles published on Apr 27, 2024

Pro-XRP Lawyer Takes A Dig At Bitcoin, Calls It Overhyped

Bosera HashKey, Huaxia, and Harvest ETFs Join Hong Kong Stock Exchange

Representatives Show Consensus in Favoring AMD Shares Over Nvidia

Dogecoin’s Potential Breakthrough: Analyzing its Price Targets

Bill Morgan labels Bitcoin overhyped amid regulatory heat

Ethereum Blockchain’s Mollars Token Pre-Sale Achieves 65% Sold Out

Join our free newsletter for daily crypto updates!