Sayonara, Solana? Magic Eden Announces Polygon Integration

Is Magic Eden shifting away from Solana, or simply hedging their cross-chain bets? Regardless of motive, the NFT marketplace that has served as the top dog in Solana's NFT ecosystem is adding Polygon to the mix.

Timeline of Polygon

A leading cross-chain NFT marketplace, Magic Eden, is teaming up with Polygon network to accelerate blockchain-based games development, bringing the next billion users to the metaverse.

Magic Eden has added support for buying and selling of non-fungible tokens on the Polygon network. The post Magic Eden expands NFT support to Polygon network appeared first on The Block.

The cryptocurrency market cap saw net outflows of $15.1 billion over the last 24 hours and currently stands at $781.5 billion, down 1.9% over the reporting period. The post CryptoSlate Daily wMarket Update – Nov. 21: XRP, MATIC buck top 10 sell off appeared first on CryptoSlate.

The fast-falling Polygon coin price may soon retest the local support of $0.76. With rising volume on the selling side, the coin price could give a high momentum breakdown from this support.

Although most assets on the cryptocurrency market continue to suffer heavy blows, sights are set for a bullish 2023, at least where Polygon (MATIC) is concerned, which has been following a price action of another major decentralized finance (DeFi) token.

Polygon (MATIC) has been one of the handful projects that have amassed the crypto verse, with its utility and sprawl on the charts. Not to miss-out, Polygon has also changed the perception of the crowd around layer-2 protocols. The network has now set-up a touchstone for emerging layer-2 protocols.

Polygon's NFT ecosystem witnessed some significant growth over the last few weeks  However, on-chain metrics and indicators favored a bearish outlook  Kraken, one of the world's most popular crypto exchanges, recently announced that it had integrated Polygon [MATIC] on its platform.

The current state of MATIC and Polygon's crypto ecosystem ranks among the worst. It took a toll on In the wake of FTX's demise, the industry-wide contagion has impacted other projects, Polygon among them.

[PRESS RELEASE – Zug, Switzerland, 17th November 2022] Sensorium, the company behind the industry-leading Sensorium Galaxy metaverse, is pleased to announce that it is entering into a collaboration agreement with Polygon Studios.

Polygon's revenue increased, but TVL continued to fall MVRV Ratio and social dominance down  Polygon [MATIC] again became a hot topic in the community as it ranked third on the list of top DeFi projects in terms of revenue in the last 24 hours, only behind Uniswap [UNI] and QuickSwap [QUICK].