An omni-chain DeFi protocol says it provides a full suite of services to the crypto community. ExoniumDEX says that one of the biggest issues surrounding decentralized exchanges is that they aren’t interoperable across various blockchains. This project’s goal is to ensure that all blockchains can communicate with each other through its proprietary bridge and oracle. Formerly a centralized exchange, ExoniumDEX is going to offer everything from leverage farming and synthetic assets to on-chain derivatives and a launchpad for new projects. Those behind ExoniumDEX say they are trying to reach a market that does not have access to brokers — as …

Update: As of Sept. 29, 2020, Opensea has relisted the PolygonPunks NFTs. Leading nonfungible token (NFT) marketplace OpenSea has delisted the successful Polygon-based copy of CryptoPunks, Polygonpunks. According to screenshots of the marketplace taken shortly before the NFT collectibles were removed, PolygonPunks had emerged as the second-most popular collection on OpenSea by volume with roughly $37,000 worth of trade in 24 hours. With upset users vocal on social media, OpenSea’s Nate Chastain took to Twitter to explain the marketplace’s action, describing the incident as a “buyer safety issue.” Chastain notes that OpenSea does not verify projects deemed to comprise “light …

Binance has fully integrated the Polygon (MATIC) mainnet onto its platform, according to a press release. From now on, Binance traders can deposit and withdraw MATIC through their Binance accounts while also interacting with decentralized applications, or DApps, like Sushiswap, Balancer, Aave, and more. This integration is meant to ensure that traders can utilize said DApps cheaply and efficiently without using the existing Polygon bridge. Related: Polygon announces scalable data availability infrastructure Avail While this announcement specifically focuses on the MATIC mainnet token, Binance also intends to support ERC20, BEP2, and BEP20 MATIC associated tokens. Binance marks Polygon’s latest integration, …

Ethereum (ETH) infrastructure developer Polygon has spun off a new subsidiary to advance its work in blockchain gaming and nonfungible tokens, or NFTs, offering further insight into the company’s long-term growth strategy. The newly formed Polygon Studios has three core objectives: establish Polygon’s position as the leader in decentralized gaming; create a brand that attracts developers and investors to its NFT ecosystem; and position Polygon as the best venue for transitioning to Web 3.0. Through an initiative called Polygon Gaming Studio, the company aims to help developers create and market decentralized games. A separate initiative, Polygon NFT Studio, aims to …

Hop Protocol, a team working on interoperability within Ethereum’s layer-two ecosystem, has launched its Hop bridge for the first time. A Monday blog post notes that the bridge has been launched with limited functionality, currently supporting “instant” USD Coin (USDC) transfers between the Ethereum mainnet, Polygon and xDai Chain. Hop plans to expand the number and assets it supports over “the next couple of weeks,” including crypto assets Ether (ETH), Polygon (MATIC), and Wrapped Bitcoin (WBTC), as well as stablecoins Dai (DAI) and Tether (USDT), and forthcoming layer-two networks Optimism and Arbitrum. We're proud to officially launch the Hop bridge …

An up-and-coming decentralized exchange has gone cross chain as it “plants new seeds to grow the jungle.” ApeSwap’s plans to expand to Polygon were driven by an awareness of the multi-chain trend that has emerged in the blockchain sector — and a desire to remain at the cutting edge when it comes to DeFi. The project’s team has also recruited 10 of its close partners on Binance Smart Chain to join them, helping to create an entire DeFi ecosystem on Polygon overnight. The launch has been executed with the full support of the Polygon team through co-marketing and MATIC liquidity …

Ethereum (ETH) scalability infrastructure developer Polygon has announced the rollout of a general-purpose, scalable data availability solution called Avail. According to a release issued on Monday, Polygon revealed that Avail will function as a data available tool for execution layers like sidechains, standalone networks, and layer-two protocols. One of the major hurdles for effective blockchain scaling is the data availability problem. Malicious actors can broadcast blocks to the network with incomplete data and other participants will be none the wiser. To tackle this problem, the Polygon team stated that Avail utilizes erasure coding and polynomial commitment to combat data encoding …

Decentralized finance liquidity hub Kyber Network is set to become the next DeFi protocol to enter the expanding Polygon ecosystem. In a statement issued on Wednesday, Kyber announced the launch of Rainmaker, a liquidity mining program on the platform’s Dynamic Market Maker protocol that will commence on June 30 to mark Kyber’s expansion to Polygon. According to the announcement, the Rainmaker program will distribute $30 million in rewards to liquidity providers on the Kyber DMM across both Polygon and Ethereum. Of the total reward pool, 12.6 million Kyber Network Crystal (KNC) — about $25 million — will be distributed to …