Cyber Capital founder Justin Bons described Polygon (MATIC) as “highly insecure & centralized,” claiming only five people are needed to compromise over $2 billion in the ecosystem. 1/25) Polygon is still highly insecure & centralized! It would only take 5 people to compromise over $2B Adding insult to injury 4 out of these 5 are…
Polygon-based play-to-earn game Dragoma has allegedly been rug pulled, as over $1 million was moved from the project to centralized exchange wallets. #PeckShieldAlert #rugpull Dragoma $DMA on polygon rugged. $DMA has dropped -99.7%.The website https://t.co/2OJWlGqBtQ seems down and the social media channel deleted. The stolen funds seem like deposit into centralized exchanges. pic.twitter.com/ksJifCo0GH — PeckShieldAlert (@PeckShieldAlert)…
The average transaction cost on Polygon (MATIC) declined 49% to $0.018 during the second quarter, according to statistics released on July 26. The network reported that the total transactions it processed during the second quarter rose 4% to $284 million, and its revenue came in at over $5 million. 1/ Ready for some Q2 stats?#Polygon PoS…
Social media side, Reddit has launched a non-fungible token (NFT) marketplace specifically for profile pictures and avatars, TechCrunch reported July 7 According to the report, the company would release 90 different NFT avatars, which would be available for sale at fixed prices of $9.99, $24.99, $49.99, $74.99, and $99.99. The social media site’s users do…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Solana Ventures and Solana Foundation have raised a $100 million investment fund for crypto projects in South Korea, weeks after Terra’s network collapse left many crypto projects in the country in a state of limbo. The general manager for games at…
The Polygon ecosystem has witnessed historical growth in the past several months and now supports over 19,000 dApps—an increase of over 170% from January this year. According to data from Alchemy, this growth is also evident in the number of monthly active teams building on Polygon, which grew from 3,000 to 8,000 in the last…
Play-to-earn games have become increasingly popular and have recorded over 2000% in their user base within the first quarter, according to a DappRadar report. The user base represents 52% of all blockchain activity during the first quarter. Growth in the sector is on an uptrend, with blockchain gaming attracting 1.22 million unique wallets in March….
Leading US-based crypto exchange, Coinbase has added support for Solana to its self custody wallet. This means that Coinbase wallet will now be able to support Solana tokens, including SOL and all other SPL tokens supported by the network. However, this support is currently available only for the browser extension of Coinbase Wallet. The exchange…
Who would have guessed Ethereum gas fees would ever be cheap again? Sometimes the past week, gas fees have been as low as just 10 gwei per gas unit even for high-priority transactions. As one gwei is one-billionth of an eth, this means a transaction on Ethereum (ETH) mainchain can be as affordable as 50…
Valued at $23 billion, DraftKings, a digital sports entertainment and gaming company, today joins the Polygon ecosystem as a validator and node operator, marking this the first time a major publicly-traded firm has taken an active role in blockchain governance. Polygon validators are responsible for verifying the authenticity and validity of transactions on the network…