Robinhood Issues Crucial Announcement for Polygon (MATIC) Community

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As a researcher with a background in blockchain technology and experience in tracking the developments within the crypto space, I’m thrilled to share my perspective on Polygon (MATIC)’s recent achievements in Q2, 2024. Although the price performance of MATIC may not be impressive, the network has seen significant growth in terms of on-chain records and integrations.

Although the MATIC price showed lackluster results during early Q2, 2024, Polygon (MATIC) experienced significant gains in on-chain achievements and partnerships.

Robinhood Wallet enables cross-chain swaps on Polygon (MATIC)

As a crypto investor, I’m thrilled to announce that Robinhood Wallet, a widely-used multi-blockchain trading platform, has recently introduced cross-chain swaps on Polygon’s proof-of-stake (PoS) network. This news was officially shared by the Polygon team on April 27, 2024.

Robinhood Wallet now supports cross-chain token swaps on the Polygon Proof of Stake network for tokens compatible with both 0xProject and LifiProtocol. This expansion grants access to approximately 23 million users on Robinhood App, enabling seamless on-chain transactions.

— Polygon | Aggregated (@0xPolygon) April 26, 2024

Thanks to the integration between 0x Project and LI.FI’s infrastructure protocols, cross-chain token swaps are now accessible for all supported tokens on both platforms.

Representatives from Polygon (MATIC) highlighted that access to the swap module on their platform is now granted to over 23 million users of the Robinhood app, enabling them to conduct transactions directly on the blockchain.

Previously reported by U.Today, Robinhood was an early platform to make available all Bitcoin spot ETFs for trading.

In December 2023, the company extended its cryptocurrency trading offerings to countries within the EU. Now, Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) are accessible for crypto fans based in Europe.

Polygon (MATIC) becomes go-to blockchain for stablecoins and NFTs in April

The announcement made by Robinhood about Polygon (MATIC) marked a significant achievement among the list of noteworthy milestones that the cryptocurrency project accomplished during the second quarter of 2024.

Over the past thirty days, Polygon (MATIC) has taken the lead among Ethereum Virtual Machine blockchains for the number of transactions involving Non-Fungible Tokens (NFTs).

@0xPolygon stands out as the EVM (Ethereum Virtual Machine) chain with the highest number of NFT (Non-Fungible Token) transactions. In making this determination, we focused solely on transfers and tallied the unique hashes found in both the ERC721 and ERC1155 databases. This finding underscores the vibrancy and significance of @0xPolygon’s NFT ecosystem.

— Polygon Stats (@polygonstats) April 25, 2024

According to a new findings, Polygon (MATIC) has approximately 1.9 million users transacting with stablecoins on its network, surpassing the numbers of Ethereum (ETH) and Arbitrum (ARB) which recorded around 1.4 million stablecoin users each.

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2024-04-27 19:44