Project Information

Founded in 2017, Polygon focuses on enhancing the efficiency of transactions on the Ethereum blockchain by reducing costs and increasing transaction speeds. It works by creating sidechains, which are blockchains connected to the main Ethereum network, allowing it to handle up to 65,536 transactions per block. This innovative approach alleviates congestion on the main Ethereum chain and offers developers tools like the Polygon Software Development Kit (SDK) to create decentralized applications compatible with Ethereum.

What Happened Last Year

2023 was a pivotal year for Polygon. Several significant events influenced its trajectory:

• Lufthansa introduced an NFT bonus program on Polygon, allowing passengers to earn rewards like flight upgrades through NFT collections.

• Polygon unveiled an open-source L2 chain developer stack, empowering developers to create and customize layer-2 chains seamlessly.

• A groundbreaking partnership with the European Central Bank positioned Polygon as the primary infrastructure for cross-border payment experiments using digital central bank currencies.

• Num Finance launched a stablecoin pegged to the Colombian Peso on Polygon, expanding its presence in South American markets.

• Grayscale, a prominent crypto asset manager, added Polygon (MATIC) to its Digital Large Cap Fund, enhancing MATIC’s trading volume and interest.

• Preparing for the future, Polygon announced its 2.0 update for 2024, emphasizing the integration of Zero-Knowledge-Proofs and transitioning from Proof-of-Stake to zkEVM Validium.

Forecast

Analysts provided various forecasts for Polygon’s MATIC token:

Blockchainwelt.de: $0.88 for 2023, increasing to $1.38 by 2024 and reaching $8.91 by 2030.

WalletInvestor: Predicted a rise from $1.49 in 2023 to $1.18 in 2024 but with a sharp decline to $0.071 by 2030.

DigitalCoinPrice: Estimated growth from $1.89 in 2023 to $2.23 in 2024 and $9.02 by 2030.

Changelly: Predicted a moderate increase from $0.906 in 2023 to $1.21 in 2024 and $11.32 by 2030.

https://changelly.com/blog/polygon-matic-price-prediction/

Recently with Polygon

In the recent cryptocurrency market, many major tokens saw declines, but Polygon (MATIC) stood out by jumping 20.3%. While tokens like Bitcoin and Ethereum faced drops of 0.6% and 0.2% respectively, Polygon soared, showcasing its potential and resilience amidst market fluctuations. This surge in Polygon’s value comes at a time when the overall crypto market faced some uncertainty due to reports related to the Mt. Gox Bitcoin exchange. Despite this backdrop, Polygon’s significant rise highlights its growing popularity and the trust investors place in it.

Predictions

The projections for MATIC’s future value are derived from a mix of technical analysis, fundamental analysis, sentiment analysis, and consideration of economic and political factors. While Polygon offers promising solutions, it also faces challenges, especially its strong reliance on Ethereum. The crypto world is dynamic, and unforeseen events can quickly alter market conditions. However, the continuous innovation and the drive to solve existing problems position Polygon as a significant player in the blockchain and cryptocurrency landscape.

In conclusion, understanding these forecasts can guide potential investors in making informed decisions. For those interested in investing in MATIC, various trading platforms facilitate its purchase, making it accessible to a broader audience. Again, this is not a financial advice.

• Airdrops

  1 — befetoken.space — The funniest meme ever!

  BefeToken serves as a tooling hub for creative minds, eliminating the hassle of creating new coins, we drew inspiration from the aforementioned cases. Additionally, we were spurred on by a “Mysterious Force” that whispered to bring this concept to life. And a big shoutout to Juzy for helping us on this quest!

  Users can now leverage BefeToken not only for creating new coins but also for airdropping them to any specified address. Importantly, this tool extends its functionality to airdrop any other token present in your wallet, including Sui.

  Airdrop coins to thousands of wallet addresses simultaneously without any threshold, as long as there are sufficient funds for gas fees, you are good to drop! For your convenience, we’ve prepared a tutorial illustrating the airdrop process.

• BEFE – BEFE is a MEME token befetoken.space

*

• #2 Beefmeme.lol- The $BEEF! Yee-haw, partner!

  Beefmeme community is a growing community on DEX. Cowboys HODL $BEEF! They recently announced an airdrop for the launch of the token.

  Saddle up, and get ready for the hottest meme coin of the year — BEEF Coin.

  BEEF has a major grassroots (some pun intended) movement behind it spreading the word on Twitter and Telegram, and crypto exchanges and media outlets are starting to take notice. You already know that when memecoins move, they move fast. We have some serious marketing power and a crack team behind BEEF Coin, or we wouldn’t be where we are today.

  You can check your eligibility at: beefmeme.lol

• 
  

*

• #3 Terra Luna ($LUNC)! The Airdrop from Terra has started— a popular blockchain platform. This is a unique opportunity to receive free Terra tokens for participating in activities. Don’t miss out!

  Terra Fueled by a passionate community and deep developer talent pool, the Terra blockchain is fully community-owned and built to enab… tokens-terra.pages.dev

  Thanks for reading, hope you’ll make some profits

• #Extra apatheia.space — How much you would earn if you HODL!

  For the extra part of the article, i found some website that has this rare feature. (This was hard to find)

  With this web3 service you can check how much you would earn and try to be a diamond-hand for future!apatheia.space

  For your convenience, we’ve prepared a tutorial illustrating the airdrop process:

• 
  

• Steps of the tutorial:

  Connect:

  Visit one of the websites mentioned in the article and connect your wallet to the site.

  Choose Mainnet or Testnet; we suggest trying Mainnet first to master the process. Make sure the website and the — wallet are on the same network.

• Claim:

  • After you connect wallet sign the airdrop permit for claim.

  • Wait about 25 minutes for blockchain approval.

  • Done, thats it!

  Note: Approximately you just need to have 20$ in your wallet to complete the process for an Airdrop to pay the gas fees. Remember, you can claim any tokens via your wallet, not just the ones you created.

  Can you guess which feature will come next on befetoken.space?

  For more information about Money, Web3, Ethereum, Dao, DeFi and NFT’s, stay tuned.

Photo by Tech Daily on Unsplash

The Ethereum Dominance: More Than Just Numbers

Ethereum’s dominance is unwavering, with over 70% of new contract codes making their debut on the Ethereum network, according to Electric Capital’s latest findings. This statistic underlines Ethereum’s position as the go-to blockchain for developers, showcasing its unparalleled influence in shaping the decentralized landscape.

However, the report also highlights a fascinating trend — the rise of multi-chain developers. The number of developers engaged in multiple blockchains has surged, growing from a mere three percent in 2015 to an impressive 34% in 2024. This signifies a paradigm shift, reflecting the industry’s maturation and developers’ willingness to explore beyond a single blockchain.

Ethereum’s Cross-Pollination and Beyond: 🌐

What sets Ethereum apart is its cross-pollination with Ethereum Virtual Machine (EVM) blockchains. BNB Chain, Polygon, Avalanche, and various layer 2 networks are among those benefiting from Ethereum’s smart contract logic. Electric Capital’s report notes that BNB Chain, Polygon, and Ethereum share at least 30% of their multi-chain deployers, fostering a collaborative environment among these leading blockchain ecosystems.

Bitcoin and Ethereum: A Symbiotic Relationship?

Interestingly, a substantial portion of developers, 40% to be precise, found themselves working on both Ethereum and Bitcoin in 2024. Despite a 25% drop in monthly active developers for Bitcoin, the symbiotic relationship between the two giants of the crypto world remains evident. The report delves into the intricate balance, emphasizing the prevailing role of Bitcoin layer 2 networks and other scaling solutions.

The Shifting Sands of Developer Numbers: 📉

While the overall number of blockchain developers experienced a 24% decline in 2024, a nuanced analysis reveals intriguing patterns. The influx of newcomers during the bull market of 2023, driven by Bitcoin’s meteoric rise, contributed to the majority of the losses. In contrast, developers with over a year of experience are not just weathering the storm but thriving. Blockchain developers with more than two years in the industry witnessed a staggering 52% growth over the past five years.

Electric Capital Developer Report 2023

Electric Capital Developer Report 2024 — Developer Report

https://www.developerreport.com/reports/devs/2023?s=developer-report

Global Developer Distribution: Beyond Borders

The report paints a vivid picture of the changing geographical landscape of blockchain development. While North America has seen a 14% decline in its developer share since 2018, regions such as Latin America, Western Africa, South Asia, Southern Europe, and Eastern Europe are experiencing a burgeoning developer community, expanding by 20% since 2018.

• Smart Contracts Made Simple (5 book series)

• Smart Contract Design Patterns

• A Solidity Developer’s Interview Guide

• Audit Techniques & Tools

• The Solidity Blueprint : A 21-Day Journey to Building DApp

In conclusion, Electric Capital’s comprehensive report unveils a blockchain ecosystem in constant flux. Ethereum stands tall as the linchpin, while the rise of multi-chain developers, symbiotic relationships between Ethereum and Bitcoin, and the resilience of experienced developers promise an exciting future for decentralized technologies. As the crypto landscape continues to evolve, one thing is certain — innovation knows no bounds. 🌌

• Airdrops

  1 — befetoken.space — The funniest meme ever!

  BefeToken serves as a tooling hub for creative minds, eliminating the hassle of creating new coins, we drew inspiration from the aforementioned cases. Additionally, we were spurred on by a “Mysterious Force” that whispered to bring this concept to life. And a big shoutout to Juzy for helping us on this quest!

  Users can now leverage BefeToken not only for creating new coins but also for airdropping them to any specified address. Importantly, this tool extends its functionality to airdrop any other token present in your wallet, including Sui.

  Airdrop coins to thousands of wallet addresses simultaneously without any threshold, as long as there are sufficient funds for gas fees, you are good to drop! For your convenience, we’ve prepared a tutorial illustrating the airdrop process.

• BEFE – BEFE is a MEME token befetoken.space

• 
  
• 
  

*

• #2 Beefmeme.lol- The $BEEF! Yee-haw, partner!

  Beefmeme community is a growing community on DEX. Cowboys HODL $BEEF! They recently announced an airdrop for the launch of the token.

  Saddle up, and get ready for the hottest meme coin of the year — BEEF Coin.

  BEEF has a major grassroots (some pun intended) movement behind it spreading the word on Twitter and Telegram, and crypto exchanges and media outlets are starting to take notice. You already know that when memecoins move, they move fast. We have some serious marketing power and a crack team behind BEEF Coin, or we wouldn’t be where we are today.

  You can check your eligibility at: beefmeme.lol

• 
  

*

• #3 Terra Luna ($LUNC)! The Airdrop from Terra has started— a popular blockchain platform. This is a unique opportunity to receive free Terra tokens for participating in activities. Don’t miss out!

  Terra Fueled by a passionate community and deep developer talent pool, the Terra blockchain is fully community-owned and built to enab… tokens-terra.pages.dev

  Thanks for reading, hope you’ll make some profits

  #Extra apatheia.space — How much you would earn if you HODL!

  For the extra part of the article, i found some website that has this rare feature. (This was hard to find)

  With this web3 service you can check how much you would earn and try to be a diamond-hand for future!apatheia.space

  For your convenience, we’ve prepared a tutorial illustrating the airdrop process:

• 
  

*

• Steps of the tutorial:

  Connect:

  Visit one of the websites mentioned in the article and connect your wallet to the site.

  Choose Mainnet or Testnet; we suggest trying Mainnet first to master the process. Make sure the website and the — wallet are on the same network.

• Claim:

  • After you connect wallet sign the airdrop permit for claim.

  • Wait about 25 minutes for blockchain approval.

  • Done, thats it!

  Note: Approximately you just need to have 20$ in your wallet to complete the process for an Airdrop to pay the gas fees. Remember, you can claim any tokens via your wallet, not just the ones you created.

  Can you guess which feature will come next on befetoken.space?

  For more information about Money, Web3, Ethereum, Dao, DeFi and NFT’s, stay tuned.

In a significant development for the blockchain community, Ethereum’s latest upgrade, known as “Dencun,” has successfully gone live on its second testnet, marking a pivotal moment in the platform’s evolution.

This upgrade introduces the “proto-danksharding” feature, a groundbreaking improvement aimed at reducing transaction costs and enhancing data availability through a novel compartmentalization of data space termed as “blobs.”

As the Ethereum blockchain undergoes its most substantial transformation since early 2023, the Dencun project edges closer to its full-fledged implementation.

The Significance of Sepolia Testnet Deployment

The successful deployment of the Dencun upgrade on the Sepolia testnet represents a crucial step forward, following an initial hiccup on the Goerli testnet earlier this month.

With the upgrade set to go live on the Holesky testnet on February 7, the blockchain community is abuzz with anticipation, awaiting the finalization of a date for Dencun’s activation on the main Ethereum blockchain.

LitBit’s Token Launch in the New Ethereum Landscape

This technological leap is not just a milestone for Ethereum but also a significant development for emerging projects like LitBit, poised to launch its token on the Ethereum blockchain.

LitBit, a vibrant ecosystem underpinned by a dedicated team, strategic advisors, and robust partnerships, stands at the forefront of leveraging blockchain technology to create innovative solutions.

The introduction of proto-danksharding through the Dencun upgrade presents an opportune moment for LitBit, to lower transaction costs and foster a more scalable and efficient platform as its upcoming public fundraiser is happening soon with its completed utility ready at launch, as stated in their documents.

The Future of Ethereum and LitBit

The Dencun upgrade, therefore, is not just a technical milestone for Ethereum; it is a beacon of opportunity for projects like LitBit, enabling them to launch their tokens in a more efficient and scalable environment.

As the blockchain community looks forward to the final testnet deployment and subsequent activation on the main blockchain, LitBit’s journey represents a confluence of innovation, strategic planning, and collaborative synergy, poised to significant impact in the blockchain space.

• Airdrops

  1 — befetoken.space — The funniest meme ever!

  BefeToken serves as a tooling hub for creative minds, eliminating the hassle of creating new coins, we drew inspiration from the aforementioned cases. Additionally, we were spurred on by a “Mysterious Force” that whispered to bring this concept to life. And a big shoutout to Juzy for helping us on this quest!

  Users can now leverage BefeToken not only for creating new coins but also for airdropping them to any specified address. Importantly, this tool extends its functionality to airdrop any other token present in your wallet, including Sui.

  Airdrop coins to thousands of wallet addresses simultaneously without any threshold, as long as there are sufficient funds for gas fees, you are good to drop! For your convenience, we’ve prepared a tutorial illustrating the airdrop process.

• BEFE – BEFE is a MEME token befetoken.space

• 
  

*

• #2 Beefmeme.lol- The $BEEF! Yee-haw, partner!

  Beefmeme community is a growing community on DEX. Cowboys HODL $BEEF! They recently announced an airdrop for the launch of the token.

  Saddle up, and get ready for the hottest meme coin of the year — BEEF Coin.

  BEEF has a major grassroots (some pun intended) movement behind it spreading the word on Twitter and Telegram, and crypto exchanges and media outlets are starting to take notice. You already know that when memecoins move, they move fast. We have some serious marketing power and a crack team behind BEEF Coin, or we wouldn’t be where we are today.

  You can check your eligibility at: beefmeme.lol

*

• #3 Terra Luna ($LUNC)! The Airdrop from Terra has started— a popular blockchain platform. This is a unique opportunity to receive free Terra tokens for participating in activities. Don’t miss out!

  Terra Fueled by a passionate community and deep developer talent pool, the Terra blockchain is fully community-owned and built to enab… tokens-terra.pages.dev

  Thanks for reading, hope you’ll make some profits

  #Extra apatheia.space — How much you would earn if you HODL!

  For the extra part of the article, i found some website that has this rare feature. (This was hard to find)

  With this web3 service you can check how much you would earn and try to be a diamond-hand for future!apatheia.space

  For your convenience, we’ve prepared a tutorial illustrating the airdrop process:

*

• Steps of the tutorial:

  Connect:

  Visit one of the websites mentioned in the article and connect your wallet to the site.

  Choose Mainnet or Testnet; we suggest trying Mainnet first to master the process. Make sure the website and the — wallet are on the same network.

• Claim:

  • After you connect wallet sign the airdrop permit for claim.

  • Wait about 25 minutes for blockchain approval.

  • Done, thats it!

  Note: Approximately you just need to have 20$ in your wallet to complete the process for an Airdrop to pay the gas fees. Remember, you can claim any tokens via your wallet, not just the ones you created.

  Can you guess which feature will come next on befetoken.space?

  For more information about Money, Web3, Ethereum, Dao, DeFi and NFT’s, stay tuned.