Ethereum

DeFi

Polygon

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/polygons-agglayer-chosen-for-powering-restaking-project/" data-wpel-link="internal">Polygon’s AggLayer Chosen for Powering Restaking Project</a><br></p>
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/polygon-2-0-the-countdown-continues/" data-wpel-link="internal">Polygon</a></strong>‘s zero-knowledge aggregation technology (zk-rollup) will assist in creating a Layer-2 chain for restaking crypto assets. Swell announced its choice of Polygon’s AggLayer to power its project. Ethereum’s Denizen upgrade has promoted the narrative of staking, restaking, and Layer-2 tokens, triggering a daily 7% increase in Polygon’s native token <a href="https://en.coin-turk.com/polygon-matic-price-analysis-and-resistance-trends/" data-wpel-link="internal">MATIC</a>.</p> 
<h2 style="text-align: justify" id="restaking-project-selects-polygon-s-agglayer-for-development">Restaking Project Selects Polygon’s AggLayer for Development</h2> 
<p style="text-align: justify">As Ethereum’s Denizen update went live on March 13th, the narrative of staking, restaking, and scaling caught the attention of market participants. The upgrade is expected to significantly reduce transaction costs for Layer-2 chains and potentially increase their adoption and usage. The restaking narrative, supported by major Ethereum scaling solutions like Polygon, has gained traction.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-327042 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/polygon-coin-turk-com-.png" alt="" width="586" height="285"></p> 
<p style="text-align: justify">Polygon’s official announcement today indicates that the largest Ethereum scaling solution is preparing to power Swell’s restaking protocol. The <a href="https://en.coin-turk.com/is-pancakeswap-cake-benefiting-from-expanding-to-different-blockchains/" data-wpel-link="internal">DeFi</a> network is using the protocol’s AggLayer, a scaling technology, for its restaking project.</p> 
<h2 style="text-align: justify" id="what-is-the-goal">What is the Goal?</h2> 
<p style="text-align: justify">Polygon’s AggLayer aims to solve scalability issues by providing access to liquidity across multiple Blockchains. Ethereum’s Denizen upgrade could increase the popularity of the Layer-2 token narrative and contribute to wider adoption of Polygon’s AggLayer among Web3 developers.</p> 
<p style="text-align: justify">While MATIC’s price has risen by 7% within the day, it is currently trading at $1.2774 as Polygon’s native token.</p> 
<h2 style="text-align: justify" id="november-s-move-still-in-focus">November’s Move Still in Focus</h2> 
<p style="text-align: justify">As recalled from November, the Polygon Ecosystem Growth initiative took a strategic step to promote growth, completing a significant token distribution of 217 million MATIC tokens valued at $198 million.</p> 
<p style="text-align: justify">This distribution was carried out for a group of 70 wallets in a short time. Closer examination of the recipients revealed striking results, with 32 wallets depositing 82.3 million MATIC tokens worth $74.9 million to central exchanges (CEX). These moves had sparked debates as they indicated a sell-off at the time.</p> 
<p style="text-align: justify">As we mentioned yesterday, active addresses, i.e., those transacting on Polygon, have increased by 88%. Accordingly, the number rose from 1,719 to 3,232. This indicates growing confidence in the cryptocurrency MATIC.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/polygons-agglayer-chosen-for-powering-restaking-project/" data-wpel-link="internal">Polygon’s AggLayer Chosen for Powering Restaking Project</a></h5>

Polygon’s AggLayer Chosen for Powering Restaking Project

목차

COINTURK NEWS

2024년 3월 13일에 게재된 다른 기사

Meme AI Price Prediction: MEMEAI Pumps 10% As This New AI Meme Coin ICO Soars Towards $10 Million...

Binance Responds to Nigerian Ban Amidst Rising Crypto Adoption

DeeStream (DST) Thrives with Uniswap (UNI) Integration: Predictions Suggest a 100X Revolution in ...

Satoshi DEX, The First Bitcoin Dex, has Rocketed Past $2.5M In Pre-Sale, Stage 4 is Live

How to get all ERC-20 tokens owned by an address

The Dencun upgrade, the biggest Ethereum update ever is now live on the Ethereum mainnet

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!