Amid the U.S. SEC's crackdown on its native token, Polygon is intensifying the development of its network. Polygon 2.0 promises a universal value network based on interconnected L2 chains, utilizing zero-knowledge proof technology.

A routine update of interest rate parameters temporarily blocked over $100 million in various assets in the Polygon version of Aave V2.

Stablecoin usage has migrated outside of Ethereum due to the high transaction fees triggered by meme-coin hype. In light of this, the second-tier blockchains are now getting increased traction.

Sports Illustrated, the US sports publication, is launching an NFT ticketing platform on the Polygon network.

Starbucks reward program Odyssey, powered by Polygon NFTs, is still in closed beta form but some early adopters have begun to make significant profits by flipping the NFT stamps, with some selling for nearly $2,000 each.

Mastercard in partnership with Polygon is launching a Web3 musicians accelerator that will help 5 emerging artists set up and manage their brands in the Web3 space.

By the end of 2022 Starbucks will launch an NFT platform using Polygon and will give away and sell NFT stamps to customers and employees that can unlock perks like exclusive merch, private events, and trips.

On Friday, July 1st, blockchain networks Polygon and Fantom were subjected to a DNS attack. No information about the stolen funds has been released yet.