ZkSync beats polygon in total value locked

As per recent data stats, Ethereum's zkSync Ecosystem has recorded a significant expansion outpacing polygon in total value locked. The ecosystem has now reached over $200 million.

Timeline of Polygon

Worldcoin, a project focused on creating a decentralized identity network, is migrating its newly launched World App from Polygon to Optimism's ecosystem. The Worldcoin Foundation and Tools for Humanity (TFH) announced their commitment to support the Optimism Collective in realizing the Superchain vision, intending to build a scaleable blockchain ecosystem on the OP Stack.

Despite an increase in the number of buyers, Polygon's NFT trade count and trade volume in USD plummeted last month. However, Polygon's latest integration can change the flow of the wind.

Polygon (CRYPTO: MATIC) is trading lower by 3.69% to $0.83 Thursday afternoon. The altcoin is trading lower in sympathy with the broader crypto market amid a fall in the price of Bitcoin and Ethereum.

Polygon has published a tutorial on the identity infrastructure: Polygon ID: Its efforts to stay on track, however, have not stopped the bearish trend of its MATIC crypto, which has dropped more than 13% in the past seven days.

Tron moved closer to being in the cryptocurrency top 10 on Wednesday, as the token rose for a second straight day. Prices climbed by nearly 2% in today's session, despite the global market cap moving marginally lower. Polygon, which currently occupies the tenth position, fell to a five-month low.

A bearish MATIC that didn't have the best performance over the last couple of days could see some change in its atmosphere. This was because Polygon's latest efforts in the crypto market could make traders interested in MATIC.

MATIC Price Analysis: The MATIC coin has been in a correction phase for nearly three months, during which the price plunged from the top of $1.56 to the current price of $0.87, registering a total loss of 44.38%. Amid this downfall, the buyers lost crucial monthly support of $0.94, indicating the Polygon price is poised

Crypto Market News: Sandeep Nailwal, the co-founder of Polygon, expressed his disappointment over the lack of high quality applications built on the blockchain space. He made the bearish comment over the lack of high quality and high user presence in blockchain based applications, in the context of expanding the web 3.0 further into the mainstream

Sports Illustrated's ticketing affiliate, SI Tickets, launched its new “Box Office” platform, a self-service ticketing service based on the Polygon blockchain. Sports Illustrated Tickets (SI Tickets) announced the launch of Box Office, a new non-fungible token (NFT) ticketing platform built on the Polygon blockchain, an Ethereum scaling solution.

SI Tickets, the ticketing site from Sports Illustrated, announced the launch of “Box Office by SI Tickets,” a self-service event management and primary ticketing solution built in partnership with web3 firm ConsenSys and powered by Polygon's blockchain technology.