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.
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Polygon zkEVM Records 100k Daily Transaction
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Bitcoin mining company Phoenix Group released its Q1 financial report: net profit of US$66.2 million, a year-on-year increase of 166%
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Core Foundation launches $5 million innovation fund
CoreDAO announced in a post on X platform that the Core Foundation has launched a $5 million innovation fund. The fund is currently mainly targeting the Indian market and has established strategic partnerships with the Indian Institute of Technology Bombay and some top venture capital companies to support the development of innovative blockchain projects in the country. At present, the fund has opened project funding applications. -
In the past 24 hours, the entire network has liquidated $139 million, and long orders have liquidated $83.5374 million
According to Coinglass data, there were liquidations totaling $139 million in the past 24 hours, with a total of 56,471 people being liquidated.Of these, long positions were liquidated for $83.5374 million, short positions were liquidated for $55.4391 million, BTC was liquidated for $39.2379 million, ETH was liquidated for $26.5550 million, and SOL was liquidated for $10.2312 million. -
$1.2 billion in notional value of BTC options and $930 million in ETH options are set to expire
Greeks.live data shows that on May 17th, 18,000 BTC options with a put/call ratio of 0.63 and a maximum pain point of $63,000 (nominal value of $1.2 billion) will expire. Additionally, 320,000 ETH options with a put/call ratio of 0.28 and a maximum pain point of $3,000 (nominal value of $930 million) will also expire. Greeks.live states that this week, inspired by the meme stock craze in the US, BTC ETFs have seen significant inflows, causing BTC to surge above $65,000. However, the rest of the crypto market remains weak, with trading volume continuing to decline, and the divergence in the options data of BTC and ETH reflects this. Looking at the structure of bulk trades and market trades, the downward trend in IV for major deadlines has ended and entered a consolidation phase, with limited downside potential at present. BTC longs and shorts are relatively balanced, while the weak ETH price has led to a continuous decline in market confidence, with selling calls becoming the absolute main transaction. -
Tether CEO: 1 billion USDT will be issued on Tron Network, but it has been authorized but not yet issued
On May 17th, Tether CEO Paolo Ardoino announced that 1 billion USDT had been issued on the Tron Network early this morning Beijing time, but not yet released. This means that the amount will be used as inventory for the next issuance request and chain exchange. -
The Hashgraph Association and QFC launch $50 million digital asset venture studio in Qatar
The Hashgraph Association (THA) has announced a strategic partnership with the Qatar Financial Centre (QFC) to establish a $50 million digital asset venture studio called Digital Assets Venture Studio, which will support the development of decentralized finance (DeFi) solutions that comply with regulations and digital assets based on the Hedera distributed ledger technology (DLT) network. They will also invest in Web3 startups and DeFi projects supported by Hedera. -
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Bitget Wallet announced the launch of a $10 million ecosystem fund in collaboration with Onchain Layer. The ecosystem fund is denominated in Bitget Wallet's native token BWB, which is planned to be released this quarter. It is reported that BWB is the native token of the exchange's self-hosted wallet with the same name, similar to Trust Wallet's token (TWT). The new fund will accelerate the development of Bitget Onchain Layer and support project construction. -
In April, Polygon’s on-chain NFT sales exceeded US$50 million, setting the second highest record of the year
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