With the start of September, Cardano has come very close to the Vasil Hard Fork upgrade. Meanwhile, Polygon updates range from strategic partnerships to project launches. We have compiled the latest developments in Cardano and Polygon for our readers.
Important developments and news for Cardano
Vasil Hard Fork is almost here
Cardano is getting closer to releasing one of its most important updates ever, the Vasil Hard Fork. In this context, IOG, the inventor of the Cardano network, has identified three key milestones that the network must meet for the Hard Fork to trigger. The upgrade is closer than ever, with the first of three metrics currently achieved, as confirmed by the developer.
Cardano gets its first lending app
Cryptoasset lending platform Aada Finance has announced the launch date of Aada Finance V1, the first lending and borrowing protocol on Cardano Blockchain. Accordingly, V1 will be released on September 13, 2022. Also, for the first time, decentralized finance (DeFi) primitives will be added to Cardano Blockchain, built on the Plutus smart contract platform.
Cardano announces research center at Stanford
IOG has announced a new research center in collaboration with Stanford University. Accordingly, the company that created one of the most popular PoS Blockchains has invested $4.5 million in the new lab.
Cardano joins $11 million investment round
Charles Hoskinson announced that IOG has participated in an $11 million funding round to support Pezesha, a fintech startup in Kenya. He also expressed his enthusiasm for the company’s goal of increasing microfinance worldwide.
Cardano joins Robinhood’s list
Cardano (ADA) has been listed by Robinhood, a well-known US trading platform. In this context, it is now possible for users to trade and receive ADA on the platform. The publication claims that Robinhood added Cardano due to demand.
Binance.US now supports Cardano (ADA) staking
Binance.US now supports ADA staking. Accordingly, the trading platform provides an annual return of 6.4% on the ADA token.
Important developments and news for Polygon
Robinhood adds support for MATIC
Popular US-based crypto investment app Robinhood is adding support for MATIC. This means users can transfer or withdraw MATIC to Robinhood without paying a bridge fee.
Polygon Wallet Suite is now live
cryptocoin.comAs you follow, Polygon Wallet Suite has recently entered the market. It is now possible to enjoy everything related to DeFi in a single interface through this service. Also, this is a unique update for the entire DeFi and Web 3 ecosystem, not just Polygon users.
Polygon airs on Seaport
Seaport is a unique open source NFT marketplace that provides NFT enthusiasts with a more robust experience, albeit at a low cost. Seaport now supports Polygon. Thus, it is possible for users to take advantage of some of the extraordinary features that the NFT market has brought to life.
Fireblocks, Tokeny and Polygon partnership
Digital asset platform Fireblocks, along with Tokeny, is now partnering with Polygon (MATIC). Now, the three platforms together will use Polygon’s ERC3643. In this way, it will provide enterprise-level tokenization solutions. In addition, institutions and businesses can sell stablecoins, digital securities, etc. They will be able to print and manage allowed tokens such as
Top earners at Polygon
Here are some of the top earners on Polygon in 24 hours as of August 31, 2022:
- Vulcan Forged showed a price performance of 8.7%
- Lido Finance posted a 6.2% price increase
- Curve Finance’s performance was 3.6%
- IoTeX’s price performance was 2.1%
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