From September 4th, this new token will replace $MATIC as the primary medium for transaction fees and staking on the Polygon network.

TON Applications Chain will allow Ethereum developers to access the TON ecosystem. The project is backed by The Open Platform (TOP) labs, which co-built Notcoin and Wallet earlier.

Polygon has established a robust framework for community funding, announcing a new Community Treasury Board. The independent board will manage around $70 million for community support and protocol development programs.

Polygon's and Starknet's developers introduced 'Circle STARKs', which aims to revolutionize zero-knowledge rollups by significantly accelerating the proving process.

The blockchain developer said that the decision is instrumental in shaping Polygon Labs' future in the decentralized space and announced spin-offs of Polygon Ventures and PolygonID.

Magic Eden is tapping into blockchain interoperability, user loyalty and governance to improve its platform and sustainably grow its user base.

The Layer 2 wants to make the Ethereum ecosystem feel like a single chain, in the hope of attracting mass adoption.

Polygon’s partnership with DraftKings, involving payment in MATIC tokens for validator status, has raised concerns over network governance fairness. The arrangement challenges the network’s principles of decentralized governance and equal participation.