Polygon's zkEVM platform has defied the trend of declining Total Value Locked (TVL) seen across most blockchains in May 2023, experiencing significant growth in both TVL and transaction volume. The platform's unique features, such as scalability, privacy, and interoperability with Ethereum, have made it attractive to DeFi projects.

In the past day, Polygon's (MATIC) price has attempted to reverse its downward trend, gaining over 4% in value. However, on a weekly chart, MATIC has experienced a decline of over 27%, breaching important support levels.

Polygon NFTs now available on Kraken NFT marketplace Kraken NFT, the secure marketplace for exploring, collecting, and trading non-fungible tokens (NFTs) with zero gas fees, has added Polygon (MATIC) to its list of supported tokens for NFT trading.

Polygon has announced the upcoming release of Polygon 2.0, which aims to establish the "value layer" of the internet. The project will be rolled out in stages, with details to be revealed over the coming weeks.

According to news released by LiveSquawk, the securities service company Robinhood’s net cumulative fund account reached 23.1 million US dollars in May, a year-on-year increase of 1.3%, but the number of active users fell by 27%. Previously, Robinhood will end support for Cardano (ADA), Polygon (MATIC) and Solana (SOL) at 6:59 GMT on June 28.

The cryptocurrency market has experienced outflows of $49.5 billion since the last wMarket report, resulting in a current market cap of $1.06 trillion, a 4.5% decrease from $1.11 trillion. Bitcoin and Ethereum saw their market caps fall by 2.3% and 5.1%, respectively, over the weekend.

On Friday night, key market makers Jump Trading and Cumberland sent millions of dollars worth of Polygon (MATIC) to various crypto exchanges, according to blockchain data reported by analytics firm Lookonchain.

Arbitrum has gained a significant market share due to the high demand for Ethereum rollups. According to CoinShares, Arbitrum is the top choice for capital flows away from Ethereum, with $4 billion in capital attracted as of May-end. Polygon follows closely with $3 billion, while Optimism and dYdX have attracted $983 million and $342 million, respectively. Despite a recent software bug causing network stress, Arbitrum has surpassed its rival protocols, with over seven million total addresses over time.

The cryptocurrency market is facing uncertainty following the Securities and Exchange Commission's (SEC) recent action against assets that may be considered securities. This has resulted in a significant drop in the value of popular cryptocurrencies such as Cardano (ADA), Solana (SOL), and Polygon (MATIC), raising concerns about their long-term sustainability. In the past 24 hours, these three cryptocurrencies have seen an average decline of 23% in their value, with a collective capital outflow of $6.04 billion in just one day. The SEC's lawsuits against crypto exchanges Binance and Coinbase for listing unregistered securities have also contributed to the drop in asset prices.

Robinhood, the American trading platform, has announced that it will delist Cardano, Solana, and Polygon from its platform by June 27, 2023. However, Shiba Inu (SHIB), the popular canine-themed cryptocurrency, will remain unaffected by this decision. The burn rate of SHIB tokens has increased significantly, potentially contributing to increased scarcity and value. The delisting decision may have been influenced by recent lawsuits involving major exchanges like Binance and Coinbase initiated by the United States Securities and Exchange Commission (SEC).