On August 31st, it was announced that 0VIX Protocol, a Polygon ecosystem project that was attacked in April, has been renamed to Keom. The 0VIX DAO will vote to merge 0VIX Lending on PoS and zkEVM with Keom. The Keom landing page is now online, and all social accounts will be changed to Keom. The protocol states that the goal of this renaming is to fully recover and enhance risk measures to reduce potential vulnerabilities. Previously, in late April, 0VIX Protocol, a Polygon ecosystem project, was hacked, resulting in the theft of $2 million in assets, including 600,000 USDT and 1.45 million USDC. BlockSec stated that the root cause of the attack on 0VIX was a flaw in the price calculation of the deflationary token.

Venus Protocol, a decentralized money market, has conducted a snapshot vote among its community to integrate Venus Money Mark Protocol with Polygon zkEVM. The integration with Polygon zkEVM promises to offer users a smooth transition while retaining the compatibility of tools and smart contracts, and Venus Protocol is set to embark on a journey that could redefine the DeFi landscape.

The Polygon ecological project 0VIX initiated proposal 0IP-28, which seeks to approve code enhancements to the 0VIX protocol smart contract to enhance its defense capabilities against identified economic vulnerabilities, including vulnerabilities related to oracle vulnerabilities. Previously reported, the 0VIX Protocol was hacked, and the root cause was a flaw in the price calculation of deflationary tokens. The 0VIX attacker transferred 310 ETH to Tornado Cash.

Shytoshi Kusama, the lead developer of Shiba Inu, has announced the reopening of the L2 network to the public after successfully scaling Shibarium. Kusama expressed his gratitude to Polygon, Unification, and other developers for their support during the mainnet down situation. Shibarium has accumulated over 65,000 wallets and 350,000 transactions, and its mainnet has been producing blocks since August 24.

On August 21st, according to an official announcement, Binance has completed the integration of Pancake Swap (CAKE) on the Ethereum (ERC20) network and Kyber Network (KNC) on the Polygon network. Deposits and withdrawals of Pancake Swap (CAKE) and Kyber Network (KNC) tokens are now open on the Ethereum (ERC20) and Polygon networks respectively.

Blockchain network Polygon has established a strategic partnership with South Korean company SK Telecom. This transaction will integrate Polygon's network into SK Telecom's blockchain platform, enabling it to handle dApps more efficiently and provide faster transaction times and lower fees. This partnership will also create new opportunities for businesses and developers to build innovative solutions using Polygon's high-performance network. This collaboration further solidifies Polygon's position as a leading blockchain platform and paves the way for exciting new applications in the future.

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.