search
Homeweb3.0Polygon (POL) Upgrades, Kickstarting Migration into a New Era of Scaling as Highlighted by Their Polygon 2.0 Mission

Even though POL prices are still struggling, on-chain data points to a robust ecosystem that could support prices in the medium to long term.

Polygon (POL) Upgrades, Kickstarting Migration into a New Era of Scaling as Highlighted by Their Polygon 2.0 Mission

Polygon, an Ethereum sidechain, has recently completed an upgrade and begun its migration, ushering in a new era of scaling in line with its Polygon 2.0 mission. While POL prices continue to face challenges, on-chain data highlights a robust ecosystem that may support prices in the medium to long term.

Over $214 Billion In DEX Volume Processed Via Polygon

Aggregating data from DeFiLlama, an analytics platform, and the Aggegration Layer, a core hub for Polygon, the sidechain touted its deep liquidity and close alignment with Ethereum. This alignment instills confidence in the platform’s interoperability, positioning Polygon as a preferred choice for developers launching dapps in a low-fee, scalable environment.

Related Reading: Analyst Eyes 7% Dogecoin Jump—Will It Smash The $0.15 Barrier?

Since the beginning of the year, Polygon has been processing large volumes of transactions rapidly. To put it in numbers, the platform has processed over $214 billion in decentralized exchange volume. At the same time, it has enabled the addition of $102 billion worth of assets through centralized exchanges like Binance, Coinbase, and others.

This impressive volume showcases the platform’s popularity despite the availability of other layer-2 alternatives, and it can also handle large-scale transactions securely.

Besides the huge transaction count processed by Polygon, going by trends, it is highly likely that the Aggregation Layer, better known as the AggLayer, will boost liquidity and general utility.  

The AggLayer will be central to Polygon’s mission to scale Ethereum further while connecting all layer-2s technology built using its technology. In this design, the goal will be to ensure that POL has more utility while all layer-2s connecting access instant liquidity.

Polygon Tech Finding Adoption: Why Is POL Down?

With the upgrade from MATIC to POL on September 4, the new token means that holders play a heavier role. For example, besides POL being used to reward validators who stake, it will be used to secure other platforms linked via the AggLayer. These added functionalities will help prop up bulls as the sidechain progresses in its goal of scaling.

Related Reading: Bullish Signals Emerge For Ethereum: Price Rises Above Downward Trendline And Key MA Levels

That Polygon is eager to scale without comprising security could explain the rising adoption levels. Recently, the Italian government issued a €25 million digital bond on Polygon PoS. Meanwhile, Franklin Templeton, Ondo, and Spiko all leverage Polygon technology as they tokenize United States Treasuries, according to RWA.xyz data.

Even as impressive as Polygon has been growing, POL is still struggling. After the highly anticipated migration, the token edged lower, finding support at $0.35. Bears have the upper hand until there is a comprehensive close above the descending channel and $0.60.

The above is the detailed content of Polygon (POL) Upgrades, Kickstarting Migration into a New Era of Scaling as Highlighted by Their Polygon 2.0 Mission. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Top 10 digital currency app exchange platforms Recommended by the top ten safe and reliable cryptocurrency exchange appsTop 10 digital currency app exchange platforms Recommended by the top ten safe and reliable cryptocurrency exchange appsApr 22, 2025 am 11:45 AM

Top 10 digital currency app exchange platforms recommended: 1. Binance, 2. OKX, 3. Gate.io, 4. Huobi Global, 5. Coinbase, 6. Kraken, 7. Bittrex, 8. KuCoin, 9. Bitfinex, 10. Poloniex. These platforms have their own characteristics. Binance is known for its high efficiency and low handling fees. OKX is known for its secure and user-friendly interface. Gate.io provides rich currencies, and more.

Recommended apps that do not charge money. Top 10 free market viewing software apps in the currency circleRecommended apps that do not charge money. Top 10 free market viewing software apps in the currency circleApr 22, 2025 am 11:42 AM

Recommended app viewing software that does not charge money: 1. Binance, 2. OKX, 3. Gate.io, 4. Huobi Global, 5. Coinbase, 6. Kraken, 7. Bittrex, 8. KuCoin, 9. Bitfinex, 10. Poloniex. These platforms have their own characteristics. Binance is known for its high efficiency and low handling fees. OKX is known for its secure and user-friendly interface. Gate.io provides rich currencies, and more.

Ranking of the top ten free currency trading software apps for watching the marketRanking of the top ten free currency trading software apps for watching the marketApr 22, 2025 am 11:39 AM

The rankings of the top ten virtual currency trading apps are: 1. Binance, 2. OKX, 3. Gate.io, 4. KuCoin, 5. Coinbase, 6. Kraken, 7. Huobi, 8. Bybit, 9. Bitfinex, 10. Bitstamp. Each platform provides different functions and services to meet different user needs.

Top 10 virtual currency app trading platforms Top 10 authoritative virtual currency app exchangesTop 10 virtual currency app trading platforms Top 10 authoritative virtual currency app exchangesApr 22, 2025 am 11:36 AM

The top ten virtual currency app trading platforms are: 1. Binance, 2. OKX, 3. gate.io, 4. Coinbase, 5. Kraken, 6. Huobi, 7. KuCoin, 8. Bybit, 9. Bitfinex, 10. Bittrex, these platforms were selected for their excellent performance in user experience, security, handling fees and transaction volume.

Top 10 virtual currency trading app software, the latest ranking of top ten virtual currency exchangesTop 10 virtual currency trading app software, the latest ranking of top ten virtual currency exchangesApr 22, 2025 am 11:33 AM

Top10 of virtual currency trading app software: 1. Binance, 2. OKX, 3. gate.io, 4. Coinbase, 5. Kraken, 6. Huobi, 7. Bitfinex, 8. KuCoin, 9. Bittrex, 10. Poloniex, these platforms are popular for their efficient trading speed, rich currency options, multiple trading methods and powerful security measures.

Ranking of the top ten exchange apps in the currency circle in 2025 Ranking of the top ten easy-to-use virtual currency trading platformsRanking of the top ten exchange apps in the currency circle in 2025 Ranking of the top ten easy-to-use virtual currency trading platformsApr 22, 2025 am 11:30 AM

The latest rankings of the top ten exchange apps in the currency circle are as follows: 1. Binance, 2. OKX, 3. Gate.io, 4. Huobi Global, 5. Coinbase, 6. Kraken, 7. Bittrex, 8. KuCoin, 9. Bitfinex, 10. Poloniex. These platforms have their own characteristics. Binance is known for its high efficiency and low handling fees. OKX is known for its secure and user-friendly interface. Gate.io provides rich currencies, and more.

Top 10 Apps in the Currency Circle Rankings of Top 10 Reliable Digital Currency Trading PlatformsTop 10 Apps in the Currency Circle Rankings of Top 10 Reliable Digital Currency Trading PlatformsApr 22, 2025 am 11:27 AM

The latest rankings of the top ten exchange apps in the currency circle: 1. Binance, 2. OKX, 3. Gate.io, 4. Huobi Global, 5. Coinbase, 6. Kraken, 7. Bittrex, 8. KuCoin, 9. Bitfinex, 10. Poloniex. These platforms have their own characteristics. Binance is known for its high efficiency and low handling fees. OKX is known for its secure and user-friendly interface. Gate.io provides rich currencies, and more.

The 10 Best Cryptocurrencies to Buy in May 2025The 10 Best Cryptocurrencies to Buy in May 2025Apr 22, 2025 am 11:24 AM

This article highlights the 10 best cryptocurrencies to consider for May 2025, offering a mix of established giants and promising new projects.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

Video Face Swap

Video Face Swap

Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Tools

SublimeText3 English version

SublimeText3 English version

Recommended: Win version, supports code prompts!

mPDF

mPDF

mPDF is a PHP library that can generate PDF files from UTF-8 encoded HTML. The original author, Ian Back, wrote mPDF to output PDF files "on the fly" from his website and handle different languages. It is slower than original scripts like HTML2FPDF and produces larger files when using Unicode fonts, but supports CSS styles etc. and has a lot of enhancements. Supports almost all languages, including RTL (Arabic and Hebrew) and CJK (Chinese, Japanese and Korean). Supports nested block-level elements (such as P, DIV),

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

MinGW - Minimalist GNU for Windows

MinGW - Minimalist GNU for Windows

This project is in the process of being migrated to osdn.net/projects/mingw, you can continue to follow us there. MinGW: A native Windows port of the GNU Compiler Collection (GCC), freely distributable import libraries and header files for building native Windows applications; includes extensions to the MSVC runtime to support C99 functionality. All MinGW software can run on 64-bit Windows platforms.

Atom editor mac version download

Atom editor mac version download

The most popular open source editor