Polygon has accused Matter Labs, the developers of zkSync, of copying code from its Plonky2 library without attribution and making false claims about their own work. Plonky2 and Starky are two zero-knowledge proof systems developed by Polygon that are necessary for building a ZK L2. The libraries were open-sourced under a permissive MIT/Apache license as part of Polygon's plan to be net contributors to the ecosystem. Polygon argues that exploiting open-source code without attribution goes against the ethos of the community and harms the ecosystem.

Polygon's zkEVM has achieved a significant milestone in the blockchain industry by processing 100,000 transactions in a single day for the first time. This demonstrates the trust and confidence that the community and developers have placed in Polygon's Layer 2 scaling solution. The platform has also produced over 401,000 ZK-Proofs and has over 297,000 wallets, with 246 active wallets on the network. Polygon's success is closely tied to its growing ecosystem, with developers and projects across various industries recognizing the potential of its Layer 2 solutions, particularly in the DeFi space, NFT markets, and gaming dApps.

The NFT trade count and volume on Polygon's MATIC ecosystem experienced a significant decline in the past month, indicating reduced usage. However, the recent popularity of Polygon 2.0, zkEVM, and NFTs could change the scenario. Despite the decline, there is still potential for the blockchain's NFT ecosystem to flourish, especially with the upcoming launch of One Planet NFT marketplace on Polygon 2.0. While MATIC's price has been under pressure, some metrics suggest a trend reversal, such as the declining exchange reserve and oversold stochastic.

Polygon and Suku partnered to launch an open edition NFT collection that was entirely minted on Twitter, with over 50,000 NFTs minted by users within 48 hours. Suku utilized Twitter's user-centric approach to onboard newcomers into crypto and offered NFT holders its web3 wallet for managing the NFTs minted on Twitter. The free NFT collection from Suku led to over 48,000 wallet downloads and over 88,000 social mentions for Suku and Polygon. Suku plans to expand to other social media platforms, including Facebook, Reddit, Instagram, and LinkedIn, and is pioneering a user-centric approach to blockchain technology.

Suku, a web3 firm, has launched a digital wallet solution that allows users to create a wallet and send digital crypto using their Twitter handles. The wallet has already been downloaded by over 48,000 people. Suku aims to simplify the adoption of web3 among everyday internet users by creating intuitive products that don't require prior knowledge of the crypto space.

The price of Polygon (MATIC) has fallen by 18% since the announcement of plans to migrate to a new native token called "POL" on July 13. This has caused uncertainty among investors, as evidenced by a decrease in the number of new MATIC wallet addresses being opened on the Polygon network.

Next-gen social entertainment platform, BYTE CITY, has partnered with the Bruce Lee Foundation to create a digital tribute to the legendary martial artist and actor in the form of a mobile metaverse experience. The immersive platform will allow fans to engage with Bruce Lee's avatar in a party gaming environment and celebrate his life and philosophy.

Blockchain platform Palm Network is set to become more accessible to users by transitioning to a customized Polygon blockchain. The move will enable easier minting, trading, and collecting of non-fungible tokens (NFTs) for Palm Network users, as well as interoperability with Ethereum and the rest of the Polygon 2.0 ecosystem. Palm Network will become a Polygon ZK Supernet, which uses zero-knowledge proofs to process deposits and withdrawals from Ethereum. The transition will take place in two stages, with the platform becoming a proof-of-stake consensus mechanism network on August 23 and transitioning to a ZK-based layer-2 in 2024.

Aave Companies has announced the release of Lens Protocol V2, which offers improved functionality to support new use cases and shared monetization for its growing Web3 user base. The protocol is a decentralized protocol built on Polygon that allows developers to build and deploy Web3 social apps and integrate Web3 social features with existing Web2 and mobile experiences.

According to Cointelegraph, Myanmar’s first entirely crypto-based banking institution has announced a soft launch for July 22 — a move that could see the country’s shadow government given greater access to financial services and funding.

According to Near, Polygon now accessible on NEAR’s Blockchain Operating System. An interactive dashboard for dApps on Polygon’s zkEVM is live on the BOS.

According to GameSwift, that game developer PlayWay has collaborated with Polygon and GameSwift, an ecosystem for one-stop Web3 game stores, to launch a game accelerator called OuterLife.

This week in the crypto industry, Ripple, PancakeSwap, OKX, and Polygon made significant advancements through new partnerships. In a major development, a judge ruled that Ripple's XRP does not fall under the definition of a security, potentially paving the way for more freedom in the sale and trade of cryptocurrencies.

Polygon (MATIC) saw a significant price increase on July 13 due to several factors, including a positive court ruling for XRP and increased activity of Dapps on the Polygon Network. MATIC also anticipates the launch of Polygon 2.0, which could further drive up its price.

Polygon, the Ethereum scaling solution, has proposed an upgrade for its native MATIC token to become Polygon (POL), which would validate multiple chains within the Polygon ecosystem. The upgrade aims to ensure scalability without compromising security and introduce a new level of interoperability between different protocols within the network.

Polygon has completed the "Indore" hard fork as part of the larger "Inborg" update to improve network stability and eliminate potential errors. Binance has expressed support for the hard fork by halting deposits and withdrawals until the upgrade is complete.

July 4 (Cointime) -Binance will conduct a Polygon (MATIC) network upgrade and hard fork. The upgrade and hard fork will take place at Polygon block height 44,934,656, approximately 2023-07-11 04:00 UTC. Deposits and withdrawals will be suspended from 2023-07-11 03:30 (UTC). Transactions will not be affected. After the upgrade is complete, MATIC's deposit and withdrawal services will be reopened.

July 3 (Cointime) -According to 1inch report, that Shows Ether Ranked #1 with $276.9 Billion in Total Transaction Volume. Here is the key stats list：

June 30 (Cointime) - Revolut, a cryptocurrency-friendly neobank, will delist Cardano (ADA), Polygon (MATIC), and Solana (SOL) from its platform in the United States in September due to changing laws and regulations around cryptocurrency in the country. Revolut notified its U.S. customers about the change on June 29, stating that buying these tokens is immediately closed for all customers.

June 28 (Cointime) - Polygon's network statistics have stagnated over the past few months, with daily active addresses and transactions plateauing and a decline in usage and adoption. The network's value and fees have also declined sharply, leading to a plummet in revenue.