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Polygon committing $10M to reach 1M users using 0x API


11 Jun 2021

#Polygon

The project said it anticipated “an influx of new DeFi projects onboarding into the 0x ecosystem." The network onboarding a large number of decentralized applications aims to hit one million users through 0x’s decentralized exchange liquidity aggregator API.

In an announcement today, Polygon said its project would be committing $10.5 million towards securing decentralized finance infrastructure on its network through the support of developers and projects. The project said it anticipated “an influx of new DeFi projects onboarding into the 0x ecosystem” with initial support offered for Matchaxyz, Dexguru, Dexkit, MyCrypto, Set Protocol, Zapper.fi and Zerion.

Last month, 0x released a Polygon version API for its decentralized exchange liquidity aggregator, opening up the 0x API tool to the expanding Polygon market. The API allows major Ethereum-based DEX liquidity channels including SushiSwap, Dfyn, Curve, Dodo, mStable, QuickSwap and Cometh to integrate Polygon.

The network has the support of major investors including billionaire Mark Cuban, who said last month that the price of cryptocurrencies should better reflect real market demand, with “a current network effect and significant user growth.” Though the price of Polygon’s native token, MATIC, exceeded $2 for the first time in May, the cryptocurrency has since fallen to $1.39 at the time of publication.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 75.2% 48 $28 279.47 0.07% 13.63% $546 494 314 501 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 83.6% 31 $1 799.37 -0.44% 7.08% $220 196 375 480 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $1.001852 0.03% -0.30% $77 579 753 841 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 78% 46 $326.48 -3.19% 5.28% $51 548 167 677 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 94.4% 2 $0.999094 0.05% -0.02% $35 208 468 704 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 86.8% 15 $0.442825 11.63% 20.07% $22 562 333 716 XRP 7 days price change
7 HEX (HEX) HEX HEX predictions 63.6% 81 $0.105163 5.10% 28.30% $18 236 394 788 HEX 7 days price change
8 Cardano (ADA) ADA Cardano predictions 76.4% 51 $0.371643 7.97% 10.64% $12 903 136 163 ADA 7 days price change
9 Lido stETH (STETH) STETH Lido stETH predictions 96% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
10 Polygon (MATIC) MATIC Polygon predictions 76.4% 48 $1.15 -0.34% -2.20% $10 039 890 799 MATIC 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 71.6% 55 $0.075145 1.86% 2.48% $9 969 588 590 DOGE 7 days price change
12 Solana (SOL) SOL Solana predictions 73.2% 56 $22.53 -1.79% 9.39% $8 642 061 823 SOL 7 days price change
13 Binance USD (BUSD) BUSD Binance USD predictions 93.2% 1 $1.000025 0.01% -0.03% $8 119 883 434 BUSD 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 75.6% 50 $6.29 0.46% 1.61% $7 344 673 141 DOT 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 84.8% 22 $0.067252 3.83% 1.45% $6 837 900 813 WTRX 7 days price change

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