Top polygon updates week 4

Polygon (MATIC) is one of the top players in the entire DeFi ecosystem. To keep our readers informed, we compiled some of the top Polygon updates that took place this week.

These Polygon updates include strategic listings, partnerships, and also a review of the top gainers in the Polygon updates over 24 hours.  Let’s find out some more top Polygon Updates

1. Polygon NFTs Now on Trust Wallet

Multi-chain noncustodial wallet, Trust wallet, recently adds support for Polygon NFTs. This means that users will be able to buy, sell and store Polygon NFTs on their Trust wallet.

So, to enjoy this new feature, users only need to connect their Trust wallet to NFT marketplaces like OpenSea, etc.

Trust Wallet is also one of the top wallet apps available today. The wallet is currently in charge of more than 3 million crypto assets across over 65 blockchain networks. It also boasts of a more than 50 million user base.

2. Binance.US Adds Support For Polygon (MATIC)

Do you know that you can now stake your MATIC tokens on Binance.US? This is also a great opportunity for MATIC holders to earn staking rewards as high as 7.2% on their stakings on Binance.US.

Also, Notably, Binance.US is the US arm of the top cryptocurrency exchange Binance. The exchange is streamlined to meet the regulatory requirements of the United States of America.

3. Polygon DAO Launch Village Wonder

In addition, Village Wonder, a unique initiative designed to provide support for Web 3 projects on Polygon is finally live. Therefore, the launch which was facilitated by Polygon DAO is a major milestone achievement for Polygon.

Then, Village Wonder will take place as a 3-moth pre-acceleration cohort. It will also provide twelve (12) selected projects with top-notch support, mentorship and funding. Interestingly, Village Wonder’s first cohort commences on September 1st, 2022. Also, users can submit their registration up until August 12th, 2022.

4. Polygon Q1-2022 Recap

On the other hand, this week Polygon releases details of events and happenings that took place in its ecosystem in the first half of 2022. A brief run through the major events reveals:

  • The protocol made huge investments in builders. Dapps on Polygon is currently about 19,000 with an average monthly transaction of 90 million. Also, Polygon invested an estimated $2 million in builders in the first half of 2022 alone.
  • The layer 2 scaling protocol also drastically reduced its carbon footprint.

In addition, you can find out more about Polygon 2022 first-half updates here.

5. Top Gainers on Polygon

Moreover, some of the top gainers on Polygon over 24 hours as of July 27th, 2022, include:

  • QuickSwap – A next-gen decentralized exchange (DEX) for the DeFi space. The DEX platform recorded a 9.3% price performance increase.
  • Trust wallet – The wallet platform recorded a price performance increase of 8.8%.
  • Ethernity – The next-gen NFT platform also grew 7.8% in price.
  • Lido Finance – The multi-chain liquid staking solution grew 7.4% in price.

Other top gainers on Polygon (MATIC) include; WOO network, Ledger DAO, Ocean Protocol, Unifi Protocol, etc.

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