Polygon Weekly Recap (1/23 - 1/27)
Reading my overview of Polygon weekly lets you stay updated on the Polygon Network.
Key Takeaways
The Polygon (MATIC) Coin Soars After It Surpasses Ethereum in DAU.
ZenGo Wallet Partners with Polygon.
Polygon Blockchain is Now Integrated with Life DeFi Wallet.
Nike.SWOOSH Launches with Polygon NFTs.
Ecosystem Updates
The past week has been full of developments and partnerships for the Polygon ecosystem. Keep reading to find out what the most noteworthy and talked-about ones are!
1. Market Data
The Polygon (MATIC) Coin Soars After It Surpasses Ethereum in DAU.
Over the last day alone, the Polygon (MATIC) token price has increased by 8.10%, maintaining its tremendous growth in 2023. At the time of this writing, Polygon (MATIC) is worth $1.08 and is now a top 10 crypto in market cap with a $9.4B valuation, as per CoinMarketCap.
Not only that, Polygon (MATIC) has spiked in the number of daily active users (DAU) as well. According to Token Terminal, Polygon is now the number 2 blockchain with the most DAU, surpassing Ethereum. At number 1, we have the BNB Chain, which boasts 803.7K DAU; Polygon has 349.2K active users, while Ethereum falls behind with 341K. This price movement paints a pretty bullish picture for Polygon (MATIC) and should make the Polygon community hopeful!
2. Polygon Network
ZenGo Wallet Partners with Polygon.
This week, ZenGo disclosed that it has integrated with the Polygon network as the first non-custodial wallet without a seed phrase weakness and built-in web3 firewall security. With this partnership, participants of the Polygon network can now hold digital assets using ZenGo without saving safety seed phrases. You may also avoid executing risky transactions by using ClearSign, the firewall already embedded into the software, to better understand the permissions you are accepting. With so many rug-pulls, scams, and lost key phrases in 2022, this partnership is a saving grace for many Polygon users!
3. Polygon DeFi
Polygon Blockchain is Now Integrated with Life DeFi Wallet.
Polygon network has been incorporated into Life DeFi Wallet, the first multi-blockchain non-custodial digital wallet that enables users to transact through usernames. This method of transactions is straightforward compared to other wallets that use complex keys. By integrating Polygon, Life users can access all of the decentralized applications (dApps) created on the Polygon blockchain and save and share any digital information made on Polygon. This is quite a good partnership since it will help more people enter the web3 space easily while also getting familiar with blockchain technology. On the other hand, this integration also allows Life DeFi Wallet to achieve adoption by a very popular dApp covenant - Polygon!
4. NFT
Nike.SWOOSH Launches with Polygon NFTs
The Nike senior product manager, Jasmine Gao, announced that the .SWOOSH web3 studio finally went live this Wednesday. The growth potential for this web3 studio is incredible as it will allow users to collaborate with top Nike designers to make digital shoes. This unique project has been under development since November of last year, with many shoe and NFT enthusiasts eagerly awaiting its arrival. Nike.SWOOSH supporters agreed that the first works of digital art to be available would be shoes with AF1 design elements named Our Force 1. Since this NFT collection has been built on the Polygon network, even the co-founder Mihailo Bjelic praised it.
Additional Notable Events
Polygon Network
Polygon DeFi
NFT
my polygon alpha 🔌