Robinhood Integration Marks Considerable Achievement for Polygon

Interesting news in the crypto world! Polygon (MATIC) has teamed up with Robinhood Wallet to introduce cross-chain swaps on the Polygon network. This collaboration, introduced on April 27, 2024, makes use of advanced technology from 0x Venture and LI.FI, letting buyers to seamlessly swap tokens across different blockchains. With 23 million users, Robinhood now features enhanced buying and selling capabilities by way of this new feature.

Not only does this partnership broaden possibilities for Robinhood buyers, but it also emphasizes Polygon’s major effect on blockchain technological innovation. Even with a gradual start off for MATIC selling prices in Q2, these technological advancements preserve the platform in a favorable position. Robinhood’s proactive strategy in maximizing its services, like integrating place Bitcoin ETFs and increasing cryptocurrency trading to the EU, sets it apart.

The introduction of cross-chain swap perform provides far more pleasure to consumers on both equally platforms. It permits Robinhood to offer you assorted services and solidifies Polygon’s management in blockchain methods.

Polygon Shines in NFT Transactions Surge

Polygon has emerged as the main Ethereum Digital Device blockchain in NFT transactions in the past month, showcasing its dominance in the NFT sector. This achievement aligns with the escalating exercise and fascination in NFTs in just the crypto group. Polygon’s network efficiently handles these transactions, catering to each creators and collectors.

.@0xPolygon is the leading EVM chain by variety of NFT transactions.

Transactions counted here are individuals that entail NFT transfers only, the place they counted the variety of distinctive hashes in the ERC721 and ERC1155 tables.

This highlights that @0xPolygon‘s NFT ecosystem is the… pic.twitter.com/4Jvkd15hJv

— Polygon Stats (@polygonstats) April 25, 2024

Polygon lately strike a milestone in stablecoin utilization, with 1.9 million on-chain stablecoin end users, surpassing competitors like Ethereum and Arbitrum. Stablecoins play a important position in lowering volatility in cryptocurrency transactions, and Polygon’s capability to attract a larger consumer foundation showcases its robust infrastructure and consumer believe in.

These improvements underline Polygon’s determination to growing its ecosystem and supporting several areas of blockchain engineering, from NFTs to stablecoins.

EY Integrates Polygon for Contract Methods

Ernst & Younger (EY) has released the OpsChain Contract Manager, an innovative alternative that uses community blockchain engineering for protected deal administration. By adopting the Polygon community, EY sets a new typical in business answers and blockchain engineering.

At this time jogging on the Polygon community, the OpsChain Deal Supervisor is organizing a long term migration to Ethereum. This platform allows customers to publish contracts on a community blockchain although guaranteeing privacy via state-of-the-art zero-know-how circuits, addressing prevalent privacy problems linked with electronic transactions on public ledgers.

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