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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 64% 72 $96 063.98 -0.47% -2.09% $1 901 129 195 801 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 70% 59 $3 691.69 -0.43% 9.67% $444 635 752 324 ETH 7 days price change
3 XRP (XRP) XRP XRP predictions 58.8% 88 $2.44 30.24% 64.85% $139 283 395 122 XRP 7 days price change
4 Tether (USDT) USDT Tether predictions 94.4% 1 $1.000651 0.02% -0.04% $134 209 508 790 USDT 7 days price change
5 Solana (SOL) SOL Solana predictions 67.2% 74 $228.81 -2.94% -9.79% $108 719 187 334 SOL 7 days price change
6 Binance Coin (BNB) BNB Binance Coin predictions 78.8% 31 $647.33 -0.64% -2.19% $93 221 263 075 BNB 7 days price change
7 Dogecoin (DOGE) DOGE Dogecoin predictions 57.6% 93 $0.428990 0.31% 0.04% $63 074 587 151 DOGE 7 days price change
8 Cardano (ADA) ADA Cardano predictions 61.2% 84 $1.15 8.30% 10.20% $40 192 009 461 ADA 7 days price change
9 USD Coin (USDC) USDC USD Coin predictions 95.2% 1 $1.000073 0.01% 0.02% $39 943 477 005 USDC 7 days price change
10 Avalanche (AVAX) AVAX Avalanche predictions 66% 69 $48.46 9.61% 7.76% $19 833 796 680 AVAX 7 days price change
11 TRON (TRX) TRX TRON predictions 61.2% 80 $0.209475 2.77% 0.42% $18 078 840 002 TRX 7 days price change
12 SHIBA INU (SHIB) SHIB SHIBA INU predictions 53.6% 94 $0.000030 -1.42% 16.50% $17 769 142 939 SHIB 7 days price change
13 Toncoin (TON) TON Toncoin predictions 66.4% 62 $6.66 -1.15% 8.82% $16 957 202 724 TON 7 days price change
14 Stellar (XLM) XLM Stellar predictions 58.8% 89 $0.534373 6.22% 2.19% $16 071 299 062 XLM 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 60.4% 85 $9.05 2.59% -1.75% $13 790 732 144 DOT 7 days price change

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