Polygon Weekly Recap Week 34 (18/8 – 24/8)

Source : cryptodaily.io

Polygon is moving forward daily, and we hope you guys do not miss any news in the last 7 days. Here is your Polygon Weekly recap.

TL;DR

  • Highlight On-Chain data
  • Polygon is coming to ETHMexico with Blu3house #onPolygon
  • Polygon zkEVM Within Vitalik’s Framework: Gaining Clarity and Looking Ahead
  • Polygon Leads $25 Million Fund For Web3 Venture Studio SuperLayer
  • GameSwift Debuts on Polygon Supernets Following Migration and Rebrand From StarTerra 

Ecosystem Updates

Hola readers! Polygon has formed an alliance with Techstars to offer mentorship, investor networking opportunities and much more, Coinbase wallet users can now bridge assets between Ethereum and Polygon in the browser extension, and Unstoppable domains have released their mobile app.

Let’s dive in. 

Polygon Highlight On-Chain Data

Network Analysis

  • Under the Top 10 DeFi protocols list, KyberSwap (15.6k, +6%), Aave (9.1k, +21%),  and Zerox (0x) (9.3k, +65%) had the maximum user growth. Under the Top 15 Games, Pegaxy (17k, +4%), Bloktopia (3.3k, +86%), and CPL (2.7k, +11%) gained maximum users in the past week. 
  • NFT Mints stood at 5.06 Mn, an increase of 10% from the previous week.
  • Network TVL stands at a solid $2.09 Bn, with MM Finance Polygon ($510 Mn, +4115%) leading the way. The gas fee is cheaper by 1.1% and the txn/address climbed up to 25.7 (+13%)

dApps Spotlight

Polygon Weekly Recap Week 34 (18/8 - 24/8) - 2

NFT Highlights

Polygon Weekly Recap Week 34 (18/8 - 24/8) - 3

Polygon is Coming to ETHMexico With Blu3house #onPolygon

Polygon Weekly Recap Week 34 (18/8 - 24/8) - 4

Polygon is coming to Latin America as a presenter-tier sponsor of ETHMexico

The annual gathering of Ethereum’s brightest minds organized by ETHGlobal will be held on Aug. 19 – 21 in Mexico City. In preparation for the 36-hour-long hackathon, Polygon will host and mentor 25 top women builders in Web3 at our Blu3house #onPolygon. These women builders will live together and work collaboratively starting Aug. 17 in a supportive, women-only house in Mexico City close to the event.

All too often, conferences descend on a city for a few days, only to have the influx of participants turn around and leave, contributing almost nothing to the region left behind. That’s why Polygon is mindful of supporting regional builders by working with women empowering DAOs like Blu3DAO. Likewise, priority for the Blu3house #onPolygon will be given to bilingual Latam women developers.

Polygon zkEVM Within Vitalik’s Framework: Gaining Clarity and Looking Ahead

Polygon Weekly Recap Week 34 (18/8 - 24/8) - 5

Vitalik’s zkEVM Landscape

Vitalik describes a spectrum of possible zkEVM approaches. They range from Type 1, which are fully Ethereum-equivalent and “[do] not change anything about Ethereum,” to Type 4, which avoid costly computational overhead “by not ZK-proving all the different parts of each EVM execution step, and starting from the higher-level code directly.” 

How this helps the Ethereum community

Vitalik has done us several favors by laying out this taxonomy. First and most importantly, the Ethereum community now has a neutral conceptual framework for zkEVMs. We can use his system to pinpoint what aspects of a zkEVM are most relevant when comparing it to other projects. We can describe not only what the key properties of different projects are, but also why those differences exist. 

Polygon Leads $25 Million Fund For Web3 Venture Studio SuperLayer

Polygon Weekly Recap Week 34 (18/8 - 24/8) - 6

Polygon is pleased to reveal that it has led a $25 million funding round for Web3 venture studio SuperLayer. This partnership and funding will help spread SuperLayer’s vision of accelerating the most promising Web3 platforms and projects.

SuperLayer is led by managing partners Kevin Chou and Mahesh Vellanki, both founders of multiple leading Web3 companies, including blockchain gaming firm Forte. Prior to founding Forte, Chou successfully built the gaming company Kabam, which was acquired for more than $800 million in 2017. 

This anchor fund investment from Polygon will provide SuperLayer with additional opportunities to expand and strengthen its ecosystem of projects, partner with founding teams on development, and unlock the fundraising required to scale products and services that meet the needs of consumers all around the world.

GameSwift Debuts on Polygon Supernets Following Migration and Rebrand From StarTerra 

Polygon Weekly Recap Week 34 (18/8 - 24/8) - 7

Polygon is excited to reveal that GameSwift, a GameFi ecosystem formerly known as StarTerra on the Terra blockchain, has rebranded and is migrating to Polygon Supernets! 

GameSwift offers users an all-in-one gaming ecosystem where they play a wide range of games and participate in Initial Game Offerings (IGOs) and Initial NFT Offerings (INOs). 

The project is backed by an array of Web3 investors, including Hashed, KuCoin Labs, SkyVision Capital, Genesis Block Ventures, Maven Capital, DWeb3 Capital, RR2 Capital, and Qi Capital.

GameSwift is already offering a quality lineup of Web3-powered games. Take, for example, StarHeroes, the first blockchain game to be awarded a grant from Microsoft. StarHeroes is being built by former developers from CD Projekt Red, the creators of top gaming titles like The Witcher 3: Wild Hunt and Cyberpunk 2077.

Additional Notable Events

We have seen Polygon growth Outperform Bitcoin and Ethereum in Half of Q3 2022

Total Value Lock of Polygon has Surpassed Avalanche

MM Finance, a DeFi hub reached 300M TVL in less than 1 day of launch on Polygon and reached more than 500M in just 5 days

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