Polygon (MATIC) — Onchain News & Whale Tracking

Binance will support the Polygon (POL) network upgrade and hard fork on July 29.

According to an official announcement, Binance will support the network upgrade and hard fork of Polygon (POL). Binance is scheduled to suspend POL network token deposits and withdrawals at 21:00 (UTC+8) on July 29, 2026. The Polygon core team plans to carry out the network upgrade and hard fork at block height 50,185,000, which is expected to occur at 22:00 Beijing time on July 29. After the upgrade is completed and the network stabilizes, Binance will resume the relevant deposit and withdrawal services, with the specific resumption time to be announced separately.

Polygon Labs’ acquisition of Coinme is in its final stages, and the company has initiated layoffs.

Polygon Labs CEO Marc Boiron announced in a post that the firm’s acquisition of Coinme is in its final stages. Once the deal closes, the Coinme team will be integrated into Polygon Labs. This integration is part of a broader merger plan targeting profitability for Polygon Labs by 2027. As part of the ongoing integration, Polygon Labs cut multiple employees today. Boiron stated the company is transitioning from a blockchain foundation to a blockchain payments company, explaining that the two organizational models require distinct structures and talent setups, and the adjustment is driven by the company’s strategic direction shift—not related to the work quality of departing staff. He added that Polygon Labs currently boasts strong revenue performance, with stablecoin trading volumes hitting new highs consistently, client reserves exceeding expectations, and on-chain payment solutions having launched rapidly. The company will provide severance compensation and related support to affected employees.

Polygon CEO: Team builds 13 projects in three days using AI, six of which are already live.

Polygon Foundation CEO Sandeep posted a statement saying, “Approximately one-third of Polygon’s teams paused their regular work last week. We had them set aside their ongoing tasks temporarily to leverage AI for building truly valuable solutions, and allocated $15,000 in incentives to develop projects that can effectively drive business growth. Just three days later, we received 13 projects, six of which have officially launched, and one has already started processing real transactions on the mainnets of five public blockchains. Teams that do not carry out similar internal AI practices will soon fall behind those that do. Especially in the payments sector, the competitive edge over the next decade will belong to companies that truly integrate AI into their employees’ daily workflows. It can now be said that mastering AI capabilities is no longer an optional choice.”

PayPal USD officially launches on the Polygon network.

Paxos has announced that PayPal USD (PYUSD) is now officially native-issued on the Polygon blockchain, and is being offered to the market via Polygon’s Open Money Stack. The move aims to provide institutions and enterprises with a federally regulated on-chain USD settlement solution, covering deposit, withdrawal and compliance functions. The Polygon blockchain currently records an average daily stablecoin settlement volume of over $2.5 billion, with a total cumulative settlement volume exceeding $2.6 trillion. PYUSD is issued by Paxos, a national trust chartered institution regulated by the U.S. Office of the Comptroller of the Currency (OCC).

ZachXBT: Polymarket UMA CTF Adapter Contract on the Polygon Network Reportedly Hacked, Loss Exceeds $520,000

On May 22, on-chain sleuth ZachXBT posted in his personal channel that Polymarket’s UMA CTF Adapter contract was reportedly exploited on the Polygon network, with losses exceeding $520,000 as of press time.

Visa to Include Polygon in Global Stablecoin Settlement Program, with an Annualized Settlement Volume of $7 Billion

April 29: Visa announced it has officially integrated Polygon into its Global Stablecoin Settlement Program. Issuing and acquiring banks partnering with Visa can now settle transactions via the Polygon network. Polygon claims it’s the world’s largest USD stablecoin payment network, citing data from Allium and Dune: - 34% of USD stablecoin transfers occur on Polygon—more than twice BNB Chain’s share - 54% of USDC transfers are on Polygon, beating the total of all other chains combined - 36% of global USDC transactions take place on Polygon - Polygon has roughly 3.19 million weekly active stablecoin users - On-chain stablecoin supply hit a record $36.2 billion - 178.1 million USD stablecoin transactions were recorded in March Visa added its stablecoin settlement program’s annualized transaction volume reached $7 billion this quarter—up 50% from three months ago. Polygon emphasized its network offers sub-cent fees, ~4-second transaction finality, and has been used for re

Polygon: Ecosystem Unaffected by rsETH Exploit Event

On April 20, Polygon officials noted that they’ve been closely monitoring the rsETH exploit. Neither the Polygon Chain, Aggregator Layer, nor the broader ecosystem—including Katana and Vaultbridge—was affected by the incident. Polygon has facilitated over $2 trillion in secure transfers to date and will continue to closely monitor developments.

Polygon Mainnet will undergo the Giugliano upgrade on April 8th, and nodes need to upgrade as soon as possible

Per an official announcement from the Polygon Foundation on April 7th, the Giugliano hard fork upgrade is set to go live around 22:00 Beijing Time on April 8th at Polygon mainnet block height 85,268,500. The upgrade will deliver these key improvements: - Enable block producers to pre-announce blocks for faster finality; - Add fee parameters directly to block headers; - Introduce new RPC interfaces to support fee data. The foundation’s official reminder notes all node operators **must** upgrade Bor to version 2.7.0 or Erigon to version 3.5.0 to keep their nodes running normally.

OKX will support the Polygon, Kaia, and Flare Network upgrades

April 3rd — According to official sources, OKX will support network upgrades for Polygon, Kaia, and Flare. To ensure a smooth upgrade process, the platform will suspend: - Kaia network deposits/withdrawals starting at 08:30 UTC+8 on April 7, 2026; - Polygon network deposits/withdrawals starting at 21:30 UTC+8 on April 8, 2026; - Flare network deposits/withdrawals starting at 19:30 UTC+8 on April 14, 2026. Please avoid making deposit or withdrawal transactions for the affected tokens during the upgrades to prevent fund losses. Once the upgrades are completed and running stably, deposit/withdrawal services will resume without further notice. Trading of the affected tokens will not be disrupted during the upgrades, but note market volatility risks.

Polygon Launches Private Memory Pool to Provide MEV Protection

April 2, Polygon unveiled a Private Mempool—a private gateway for submitting transactions that shields individual transactions from front-running and sandwich attacks. Users just need to swap their RPC endpoint for the corresponding private entrypoint to use this feature; no additional steps are required.

Binance will support the Polygon (MATIC) network upgrade and hard fork, with deposits and withdrawals suspended on March 4th.

On March 3, Binance announced it will support the Polygon (POL) network upgrade and hard fork. Per the schedule, Binance will suspend deposits and withdrawals for Polygon network tokens starting at 13:00 UTC on March 4, 2026, to facilitate the upgrade and ensure a smooth user experience. The network upgrade and hard fork are expected to occur at block height 83,756,500—around 14:00 UTC on the same date. The announcement notes trading of related Polygon network tokens will not be affected, and the platform will address all technical issues for users during the upgrade. Once the upgraded network is deemed stable, deposit and withdrawal services will resume automatically; no further notice will be issued.

JP Morgan is Hiring a Blockchain and Tokenization Engineer, Involving Blockchains Such as Ethereum, Polygon, etc.

February 15 — JPMorgan Chase is recruiting a Software Engineer for its Blockchain and Tokenization Team. Key responsibilities include: - Developing the engineering roadmap for blockchain infrastructure, tokenization platforms, and digital asset services - Evaluating and integrating blockchain protocols (Ethereum, Polygon, Hyperledger, Canton, and more) aligned with product requirements - Participating in the design, architecture, and implementation of blockchain-based solutions to ensure security, scalability, and compliance with applicable regulations

Polygon Layoffs Nearly 30%, Shifts Focus to "Payments First" Strategy

Jan. 16 (BeInCrypto) — Polygon has conducted a large-scale internal layoff, with multiple sources familiar with the matter reporting roughly 30% of its staff were cut this week. This isn’t the blockchain firm’s first major workforce reduction: It laid off nearly 20% of its employees back in 2024. The timing of the layoffs aligns with Polygon’s recent restructuring announcement. Earlier this month, Polygon Labs said it’s reorganizing its team around a new “payment-first” strategy — a notable shift from its prior focus on scaling and DeFi narratives. The transformation follows Polygon’s spree of over $250 million in acquisitions, including Coinme (a U.S.-compliant fiat onramp for crypto) and Sequence (a wallet and cross-chain payment infrastructure provider).

Polygon Makes Splashy $250M+ Acquisition of Two Crypto Startups, Taking Aim at Stripe-Like Stablecoin Vision

January 13: Polygon Labs announced it has completed the acquisition of two crypto startups—Coinme and Sequence—with a total transaction value exceeding $250 million. The company did not disclose individual amounts for each deal or specify if payment was made in cash, stock, or a mix. Polygon Labs CEO Marc Boiron and Polygon Foundation founder Sandeep Nailwal noted the acquisition is a key part of Polygon’s stablecoin and payment strategy, aimed at boosting its presence in the payment infrastructure space. Seattle-based Coinme specializes in cash-to-crypto exchange services, runs a U.S. cryptocurrency ATM network, and holds multiple state-level money transmitter licenses. New York-based Sequence offers blockchain infrastructure services, including crypto wallets and other tools. Nailwal bluntly stated the move positions Polygon Labs to directly compete with Stripe. Over the past year, Stripe has acquired stablecoin startups and crypto wallet firms, launched its own blockchain f

Polygon team's associated addresses have transferred a total of 20 million POL, worth approximately $3.5 million

January 11th: Per Arkham data, an address linked to the Polygon team transferred 20 million POL total to Binance and GSR Markets addresses over the past 20 minutes, with the transfer valued at nearly $3.5 million.

Polygon Nears Deal to Acquire Bitcoin ATM Operator Coinme, Transaction Value Could Reach $125 Million

**Polygon Nears Deal to Acquire U.S. Bitcoin ATM Operator Coinme for $1B-$1.25B** Polygon is close to acquiring Coinme, a U.S. Bitcoin ATM operator, with a deal value pegged between $1 billion and $1.25 billion, sources familiar with the matter said on January 9. The transaction remains in a confidential stage. The acquisition is advised by investment bank Architect Partners. Coinme—one of the earliest Bitcoin ATM operators in the U.S.—rolled out its first compliant Bitcoin kiosk in May 2014. It now operates across roughly 49 U.S. states, supporting major cryptocurrencies at offline locations like supermarkets. Polygon closed a $450 million funding round in 2023, led by Sequoia Capital India. The potential deal is viewed as a key move for the firm to expand into crypto payments and offline access points.

Source: Polymarket is planning to launch its own L2 solution and migrate from Polygon

December 22 — Sources report @polymarketbet has summarized key takeaways from Polymarket team member Mustafa’s recent update in the project’s Discord community, as follows: 1. Polymarket intends to leave Polygon and launch its own Ethereum Layer 2 solution, POLY. The rollout of POLY is a "top priority." (Polymarket’s operations were disrupted by Polygon’s December 18 outage.) 2. Polymarket plans to cut ties with all third-party vendors (including GoldSky, Alchemy, etc.). "These providers are all way too problematic — we’ll be migrating away ASAP." 3. This week, Polymarket will launch 5-minute markets.

Polygon Labs Strategic Investment by Crypto Media Outlet Boys Club

On December 17, Polygon Labs announced a strategic investment in Boys Club—a crypto culture media and creative agency—aimed at driving Polygon’s mainstream adoption in payments, stablecoins, and everyday financial scenarios through more culturally engaging content narratives. Founded in 2021, Boys Club is known for translating complex technology into humanized, humorous, and culturally resonant storytelling. It has built a broad community via newsletters, podcasts, and events, and has collaborated with partners including Coinbase, Sotheby’s, and a16z. The investment will not impact Boys Club’s editorial and creative independence; the agency will continue working with ecosystems like Base, Solana, and Aptos. Both parties plan to collaborate on event planning, narrative development for payments and stablecoin use cases, and social content strategy—all to strengthen the link between Polygon’s technology and real-world scenarios.

South Korean custodian Bidex has expanded the Korean won stablecoin KRW1 to the Polygon blockchain.

December 4th — South Korean digital asset custody firm Bidex has expanded distribution of its Korean won-collateralized stablecoin KRW1 to the Polygon blockchain, per News1. Previously, Bidex had announced plans to issue KRW1 on Circle’s Ark blockchain. The addition of Polygon comes as the network offers high transaction throughput and low fees. KRW1 is backed by Korean won deposits held in domestic Korean bank accounts, with collateral funds sourced directly from those accounts.

Polygon CEO: Considering Reverting the POL Token Code back to MATIC

On November 26th, Polygon CEO Sandeep made a post on the X platform. He said that due to community feedback indicating that the MATIC token ticker is more recognizable than POL, there is a discussion about whether to request exchanges to change the token ticker back from POL to MATIC. Sandeep mentioned that he personally prefers to keep the current situation and continue using POL. However, the feedback received shows that project decisions should not be based solely on the views of the Crypto Twitter (CT) community, as this community accounts for less than 5% of the total cryptocurrency trading population. He stated that he hopes to understand the opinions of a broader community of users, but there is no guarantee that exchanges will agree to this change.

Binance will support the Polygon (MATIC) network upgrade and hard fork

November 21st. According to an official announcement, Binance is anticipated to halt the token deposit and withdrawal services of the Polygon (POL) network at 17:00 (UTC+8) on December 9, 2025, in order to support its network upgrade and hard fork. The project team will upgrade the network and carry out a hard fork at block height 80,084,800 (expected to be at 18:00 UTC+8 on December 9, 2025).

The fully collateralized stablecoin ARC, developed in collaboration between Polygon and Anq, is scheduled to undergo a test run in the first quarter of 2026.

On November 20th, according to a report by CoinDesk, sources disclosed that the fully-backed stablecoin ARC, which is jointly developed by Polygon and the Indian fintech company Anq, is scheduled to undergo a pilot run in the first quarter of 2026. Each ARC token will be pegged at a 1:1 ratio to the Indian Rupee and can only be minted when the issuer receives cash or cash equivalents (such as term deposits, government securities, or cash balances).

Revolut has integrated Polygon as a primary cryptocurrency payment infrastructure

On November 19th, Polygon Labs disclosed that digital bank Revolut has incorporated Polygon as its primary blockchain infrastructure for stablecoin transfers, payments, and transactions. By November 2025, Revolut users had processed a transaction volume of over $6.9 billion through Polygon. Revolut has more than 65 million users in 38 countries, among which there are 14 million cryptocurrency users. Through this integration, users can send and receive USDC and USDT stablecoins on the Revolut app by using the Polygon network. They can enjoy zero-fee remittance services and directly trade and stake the POL token.

Mastercard Partners with Polygon to Build New Cryptocurrency Transfer System

On November 18th, as per Coindesk, Mastercard has selected Polygon to establish a new encrypted transfer system. This system enables cryptocurrency transfers by using a readable username rather than complex wallet addresses. According to a press release from Mastercard, its "Cryptographic Proof" technology has standardized blockchain address verification. It achieves this by creating human-readable aliases for verified users. The encrypted payment API company Mercuryo will be in charge of identity verification and alias issuance, allowing users to bind these aliases to their self-hosted wallets. This model emulates the operation logic of applications that utilize usernames instead of bank account information for transfers. In such applications, the system assigns a unique name that can be linked to a wallet for users. Users can also apply to generate credential tokens on Polygon, indicating support for wallet verification during transfers and assisting applications in completing cred

The world's largest fund network, Calastone, has integrated with Polygon, enabling on-chain distribution of tokenized fund shares.

On November 13th, Calastone, which is the world's largest fund network, officially integrated with Polygon to carry out on-chain distribution of its Tokenized Fund Share Classes. Asset managers are now able to directly issue and transfer fund shares on-chain through Polygon.
Before this, the system was already in operation on Ethereum, Polygon, and Canton. This update indicates that Calastone's global client network can now actively participate in on-chain distribution operations via Polygon. (The Block)

Binance will stop supporting QUICKOLD deposits via the Ethereum and Polygon networks today.

On November 11th, according to an official announcement, Binance will cease to support the deposit of QuickSwap OLD (QUICKOLD) via the Ethereum and Polygon networks starting from today.

Vitalik's Post Appreciating Sandeep and Polygon's Contribution to the Ethereum Ecosystem

On October 21st, Vitalik Buterin published an article on the X platform, highly praising Polygon and its co-founder Sandeep Nailwal. He stated that they have played a crucial role in the Ethereum ecosystem. Vitalik mentioned that Polygon made early and significant investments in ZK-EVM research and development, drove the technical implementation of the Jordi team, and built infrastructure such as AggLayer. He also commended Sandeep for his contribution to public health in India through the CryptoRelief project and his voluntary return of $190 million in SHIB donations, enabling the Balvi open-source pandemic response project to move forward. Vitalik expressed the hope that Polygon would directly adopt mature ZK technology in the future to provide complete security for its PoS chain. Previously, Polygon CEO Sandeep Nailwal responded to Ethereum core developer Péter Szilágyi's open letter and bluntly stated that he had begun to "doubt his loyalty to Ethereum." He mentioned that Polygon

Bhutan is in the process of migrating its National Identity System from Polygon to Ethereum

On October 14th, as reported by Cointelegraph, Bhutan is in the midst of migrating its self-sovereign identity system from Polygon to Ethereum. This enables nearly 800,000 residents to verify their identities and gain access to government services. The integration with Ethereum has been successfully completed, and it is anticipated that the migration of all resident credentials will be finished in the first quarter of 2026. The Chairperson of the Ethereum Foundation, Aya Miyaguchi, attended the launch ceremony along with Ethereum's co-founder Vitalik Buterin, Bhutan's Prime Minister Tshering Tobgay, and Crown Prince Jigme Namgyel Wangchuk. Miyaguchi stated that this is the world's first national-level Ethereum identity system integration case. Prior to this, Bhutan had been operating its national identity system on Polygon since August 2024, with Hyperledger Indy being used previously.

Binance Will Support Polygon (MATIC) Network Upgrade and Hard Fork

On October 3rd, according to an official announcement, Binance is anticipated to halt the deposit and withdrawal of Polygon (MATIC) network tokens at 21:12 (UTC+8) on October 8th, 2025 in order to support its network upgrade and hard fork.

Polygon Labs Appoints Former Stripe Crypto Lead as Chief Product Officer

On September 15th, as per Fortune, John Egan, who previously served as the crypto lead at Stripe, announced his joining of Polygon Labs as the Chief Product Officer. His focus will be on enhancing the payment experience within the Polygon ecosystem. Egan had previously led Stripe's acquisitions of the stablecoin company Bridge ($1.1 billion) and the crypto wallet company Privy, and had driven the development of the in-house blockchain Tempo. In July, the circulation of Polygon's stablecoin reached $29 billion, with more than 4.5 million active addresses, outperforming Ethereum during the same period. Egan expressed optimism regarding Polygon's application in the stablecoin micro-payment field.

Yala Hacker mints 120 million YU on the Polygon network, has swapped 7.71 million YU obtained from sales for 1,501 ETH

September 14th. According to LookOnChain's monitoring, 14 hours ago, the Yala hacker minted 1.2 billion YU on Polygon. Subsequently, the hacker sold 7.71 million YU through cross-chain transfers on Ethereum and Solana, obtaining 7.7 million USDC. Currently, the hacker still holds 22.29 million YU on Solana and Ethereum. Additionally, 90 million YU remains on Polygon and is awaiting cross-chain transfers. The hacker has exchanged 7.7 million USDC for 1501 ETH and transferred them to multiple wallets.

Polygon Labs has partnered with investment firm Cypher Capital to expand institutional access to POL in the Middle East region.

September 12th. The core development team of the Polygon ecosystem, Polygon Labs, announced a partnership with the investment firm Cypher Capital. This partnership aims to expand institutional investors' access to the Polygon native token POL. Cypher Capital has recently acquired a significant amount of POL holdings and will collaborate with Polygon Labs to develop structured strategies. These strategies will enable institutional investors to access investment opportunities, generate returns, and enhance the growth and security of the network.

Polygon: Completion of Update Addressing Transaction Finality Issue

On September 11th, the Polygon Foundation announced the completion of an update aimed at resolving the transaction finalization issue. The hard fork was successfully carried out, and both milestone and state synchronization have returned to normal. Checkpoints are in the process of being completed, and the consensus finality of Polygon PoS has been fully restored. On the 10th, the Polygon Foundation stated in the afternoon: "There was a temporary delay in achieving finality. Although the blockchain is still operating and blocks and checkpoints are continuously being generated, due to the milestone problem, there is currently a 10 to 15-minute delay in the finalization of transactions. A solution has been found and is being deployed to all validator nodes and service providers."

Polygon Introduces Transaction Finality Delay Update

On September 10th, the Polygon Foundation provided an update regarding the transaction finality issue. This update will be implemented at 11:00 PM tonight. The Foundation will keep a close eye on the network's operation to ensure that all issues are resolved. This afternoon, the Polygon team stated: "There is a temporary hold on transaction finality. Although the blockchain is still functioning smoothly and blocks and checkpoints are being continuously generated, due to a milestone-related issue, there is currently a delay of 10 to 15 minutes in transaction finality. A solution has been identified and is being deployed to all validator nodes and service providers."

Polygon: Transaction finality is experiencing a 10 to 15 minute delay, and we are currently working to resolve this issue.

On September 10th, the Polygon Foundation announced on the X platform: "The final confirmation has experienced a temporary delay. Although the blockchain is still operating smoothly with continuous generation of blocks and checkpoints, due to a milestone issue, there is currently a delay of 10 to 15 minutes in the final transaction confirmation. A solution has been found and is being deployed to all validating nodes and service providers."

Stablecoins USDT0 and XAUt0 Launched on the Polygon Network

On August 27th, as reported by Cointelegraph, the operator of USDT0, Everdawn Labs, announced that the cross-chain liquidity USD stablecoin USDT0 and the gold stablecoin XAUt0, which are supported by LayerZero's Omnichain Fungible Token (OFT), will be launched on the Polygon blockchain.

JPYC's Japanese Yen stablecoin will be deployed on Ethereum, Avalanche, and Polygon.

August 19th: The issuer of the Japanese Yen stablecoin, JPYC, announced the completion of the registration of the Funds Transfer Service Provider. Its Japanese Yen stablecoin is planned to be deployed on Ethereum, Avalanche, and Polygon. The stablecoin is backed by highly liquid assets such as bank deposits and government bonds, with the goal of issuing 1 trillion Japanese Yen within three years. On November 10, 2021, the issuer of the Japanese Yen stablecoin, JPYC, completed a ￥500 million (approximately $4.43 million) Series A funding round, which was led by Headline Asia with the participation of Circle Ventures.

Polygon ecosystem DEX QuickSwap announces expansion to Base Chain

On August 12th, QuickSwap, a decentralized exchange (DEX) within the Polygon ecosystem, declared its expansion to the Base Chain.

Binance will conduct wallet maintenance for USDC withdrawals on the Ethereum mainnet, Polygon, and other networks

August 5th. According to official channels, Binance will carry out wallet maintenance for USD Coin (USDC) on Ethereum (ETH), Polygon (POL), Arbitrum (ARB), Base (BASE), and Optimism (OP) at 15:00 (UTC+8) on August 6th, 2025. To facilitate this maintenance, Binance will halt USD Coin (USDC) withdrawals on Ethereum (ETH), Polygon (POL), Arbitrum (ARB), Base (BASE), and Optimism (OP) starting from 15:00 (UTC+8) on August 6th, 2025. The maintenance is projected to last for 2 hours, and withdrawals will resume automatically upon the completion of the maintenance.

Polygon Foundation: All RPC Services are Now Fully Restored

July 31st, Polygon Foundation: All RPC services have been restored in their entirety at present, and user-facing services have also returned to normal. Fixes have been carried out for the root cause to prevent such an issue from recurring. A comprehensive post-incident analysis report will be released shortly. Yesterday evening, the Polygon network encountered a downtime.

Polygon Network Allegedly Experiencing Outage

On July 30th, according to data from blockchain explorers, it appears that the Polygon network has experienced downtime. The latest block on it was recorded 2 hours ago.

The German state-owned development bank NRW.BANK has issued a €100 million bond on the Polygon chain.

On July 10th, as reported by CoinDesk, Germany's state-owned development bank NRW.BANK issued a €100 million (approximately $116.7 million) blockchain bond on the Polygon blockchain. The bond is registered in accordance with the German Electronic Securities Act (eWpG) and is constructed on Cashlink's BaFin-regulated encrypted securities registration system. This issuance attracted the participation of multiple institutional investors. Deutsche Bank, DZ Bank, and Dekabank jointly served as the lead underwriters. This marks the increasing acceptance of digital securities in the European public offering space.

Polygon Labs and GSR have jointly launched Katana Blockchain, which will focus on DeFi

On July 1st, as per DL News, Polygon Labs has entered into a partnership with the crypto trading firm GSR to initiate a brand-new blockchain within the Ethereum ecosystem that focuses on Decentralized Finance (DeFi). This blockchain, named Katana, is intended to tackle the two most significant problems in the field: unsustainably high yields resulting from token inflation and the fragmentation of digital assets across dozens of blockchains and hundreds of applications.

Binance will support the Polygon (MATIC) network upgrade and hard fork

On June 30th, as per an official announcement, Binance is projected to halt Polygon (MATIC) network token deposits and withdrawals on July 1, 2025, at 16:10 (UTC+8) in order to support its network upgrade and hard fork. The project team will carry out the network upgrade and hard fork at block height 73,440,256, which is anticipated to take place on July 1, 2025, at 17:10 (UTC+8).

Polygon introduces its native POL token to Solana via Wormhole's NTT framework

On June 12, according to official channels, Polygon has introduced its native POL token to Solana by utilizing Wormhole's Native Token Transfer (NTT) framework. Wormhole declared, "By making use of NTT, Polygon guarantees that the core functions of POL (such as facilitating transactions, safeguarding the network, and enabling community governance) remain unchanged while expanding into Solana's ecosystem and user base."

Polygon Co-Founder Sandeep Nailwal Appointed as Foundation CEO

On June 11, BlockBeats reported that according to Bloomberg, Sandeep Nailwal, the co-founder of Polygon, has been appointed as the CEO of the foundation and is responsible for overseeing the development and growth of Polygon. In the short term, Polygon will focus on expanding the applications of AggLayer.

Polygon Co-Founder Mihailo Bjelic Announces Resignation, Becoming the Third Departing Founder

On May 24th, as reported by The Block, Mihailo Bjelic, a co-founder of Polygon, announced his departure from project development work and his resignation from the foundation's board. Mihailo Bjelic stated on social platform X that as the project matured and the vision diverged, he decided to step back from daily operations but would continue to support Polygon's development in other ways. Bjelic was one of the four co-founders of Polygon (formerly Matic Network) in 2017. This departure marks the exit of the project's third co-founder. In 2023, the other two co-founders, Jaynti Kanani and Anurag Arjun, had previously left.

Polygon Launches Aggregator Program, Winning Projects Will Airdrop 5%-15% of Native Token to POL Stakers

On April 24th, as per CoinDesk, Polygon has officially launched the Agglayer Breakout initiative. This initiative aims to support development projects based on Agglayer and the Polygon PoS ecosystem. It will offer selected projects technical support, funding, and ecosystem resources from Polygon Labs. The successful graduate projects will airdrop 5% to 15% of their native token's total supply to POL stakers and integrate with the Agglayer network. Among the initial participating projects, the ZK-based identity framework Privado ID has completed its incubation and is scheduled to airdrop 5% of its tokens. The ZK chain Miden, led by former Facebook blockchain team members, is set to graduate and airdrop 10% of its tokens. An undisclosed DeFi chain plans to airdrop 15% of its tokens. POL stakers can participate in a snapshot starting from next week to be eligible for the airdrop.

PlayDapp will migrate from Avalanche to Polygon, with the asset snapshot scheduled for April 29th.

On April 15th, PlayDapp declared that the mainnet operation will be shifted from Avalanche to Polygon. All the existing assets on the Avalanche-based PlayDapp mainnet will be migrated to the same wallet address on Polygon. The user asset snapshot will be captured at 10:00 on April 29th, 2025. The asset migration will take place at 10:00 on April 30th, 2025. Users do not need to take any actions. The migration will be managed entirely by the PlayDapp team to ensure a smooth transition. After the migration is completed, users' assets will be automatically transferred to wallets on the Polygon Network.

Mercado Bitcoin to Partner with Polygon Labs to Issue $200 Million RWA in Latin America

On March 12th, as per Coindesk, Mercado Bitcoin in Latin America plans to collaborate with Polygon Labs to issue tokenized assets worth $200 million in Latin America. The main focus of this partnership is to incorporate Polygon's blockchain infrastructure into the tokenization process of Mercado Bitcoin.