Gas fees on the Polygon network reached as high as $0.10 during a mad rush to mint an Ordinals-inspired token called POLS.

PeckShield has monitored that FTX and Alameda Research have received 11.5 million MATIC tokens, worth approximately 9.8 million US dollars, from the Polygon PoS Staking Contract.

On November 16th, according to Polygonscan data, the gas fee for the Polygon network surged and is currently at 2900.4 gwei.

Polygon: Ecosystem Growth distributed a total of 217 million MATIC tokens (worth $199 million) to 70 addresses in the past 12 hours, as monitored by Twitter user Yu Jin. Most of these addresses had previously received the same amount of MATIC from Polygon: Ecosystem Growth address one year ago.

According to the latest data from cryptoslam, Polygon has surpassed Flow to become the fourth largest blockchain in terms of NFT sales. The data shows that the total NFT sales on the current Polygon chain is approximately 1.273 billion US dollars, while the total NFT sales on the Flow chain is 1.26 billion US dollars. In addition, the top three blockchain platforms for NFT sales are currently Ethereum ($41.348 billion), Ronin ($4.252 billion), and Solana ($4.229 billion).

According to l2beat data, Polygon zkEVM TVL reached $100 million, a new high.

Polygon Labs is launching Polygon Village 2.0 with the aim of driving ecosystem development with $90 million in funding. The project will receive funding, guidance, and ecosystem support of over 110 million MATIC to help develop their applications. (The Block)

NEAR and Polygon networks have announced a collaboration to create a zero-knowledge (ZK) prover for Web Assembly (WASM) blockchains. The new prover, called "zkWASM," will enable WASM-based networks to join the Polygon ecosystem for the first time, providing greater security, scalability, developer flexibility, and interoperability in the open web. The zkWASM prover is currently in active development and will be integrated into Polygon's chain development kit (CDK) once completed, allowing developers to create WASM networks and integrate them into the broader Polygon ecosystem. The collaboration will also improve validator efficiency on the NEAR network, resulting in better scalability and increased decentralization.

NFT platform Magic Eden is enhancing its support for Polygon through new features such as aggregation tools that can integrate multiple market listings. The company stated in a declaration that it has also implemented royalty enforcement on its Polygon PoS market and publicly released its Polygon API to enable project integration with market functionality. Jinse Finance previously reported that Magic Eden was initially launched as a digital asset market for Solana, and added support for Polygon in November 2022.

Gauntlet has launched a new proposal for Polygon V3 in the Aave community. Based on Gauntlet's supply and borrowing limit methods, Gauntlet proposes to set supply and borrowing limits for agEUR and jEUR. Currently, agEUR borrowing is disabled as a borrowing option and cannot be used as collateral. Nevertheless, all assets should have supply and borrowing limits set. The proposal will be snapshot on November 13, 2023.