Welcome back to the Polygon Weekly Overview. The best place for Polygon community members to get up to speed on the chain’s latest updates, metrics, releases, insights, ecosystem developments and more. All in one place.
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By The Numbers
Polygon daily active users: 772.61K (-20.47%)
Polygon daily txns: 2.87M (-15.59%)
Polygon Total Volume Locked (TVL): $817.14M (+0.66%)
NFT weekly sales volume: $6.76M (-26.52%)
Courtyard: $1.1M
Matr1x Fire Weapon: $875K
Gas Hero Common Heroes: $216K
The percentages and metrics are based on a 7-day timeframe, unless noted otherwise.
Polygon Spotlight
🟪What happened: Sports collectible company Topps announced it will migrate its NFT collection to be minted on the Polygon Proof-of-Stake (PoS) network in coordination with an OpenSea partnership.
🟪Why does it matter: The Topps brand is a well-known name in the traditional trading and collectibles market. Its NFT collection has seen over $10 million in total sales, and its transition to utilize Polygon technology can introduce new capabilities to collectors who may not have been involved in the blockchain space before.
Topps hopes to increase community reach and improve the onchain collector experiences by expanding its NFT ecosystem. The planned migration also showcases a partnership where it will use OpenSea, one of the largest NFT marketplaces, as the primary platform for its collection.
The collectible card market is starting to see greater interest in becoming more digital. This move by Topps is part of a larger trend where traditional collectibles can be shared in more ways than just what people are used to throughout the previous decades.
In addition to attracting users, it has the chance to attract other big name companies and potentially start a movement that encourages other collectible card companies such as PSA or Beckett to integrate blockchain technology into their services.
🟪The big picture: The integration of Polygon technology into the collectible card market has the potential to create new value and foster greater engagement from the traditional collectors market. Brands such as Courtyard, a platform that offers tokenized Pokemon cards, have shown an upward trend in this exact use case month over month.
Topps is utilizing the blockchain's ability to provide transparency and true ownership of digital assets. This aligns with collectors’ and web2 brands’ growing interest in web3 and marks a significant shift from traditional physical trading cards to onchain collectibles.
Forging the Ecosystem
Polygon reached a 21-month high of $1.95B in stablecoin market cap, reported by X user agglayerzone via DefiLlama
Immutable zkEVM, a blockchain powered by Polygon technology, announced its partnership with Fireblocks to provide digital asset management
Sentient released its community-focused open source AI monetization protocol, built using Polygon CDK and connected to the AggLayer
Harbour launched its bank-to-wallet transfer app Magic Ramp into the Polygon ecosystem
Highlighting the community
SocialFi meme platform 3look created a community area for its users to craft Polygon-branded memes
X user luganodes wrote a thread that dove into the Polygon ecosystem and its latest developments
Learn more about three projects that received grants from the Polygon community grants program, Thrive, on a spaces hosted by X user Nofuturephoto
Web3 game Champions Ascension hosted its game night in the Polygon Discord and live streamed it on X
Featured headlines
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Polygon Labs’ Senior Engineer created a GitHub article that outlined Fibonacci Air implementation in Plonky3
A Q&A with Sandeep Naiwal of Polygon (Standard Crypto)
Join in the fun
Want to dive into the Polygon ecosystem full-time? Find the latest job postings here.
Learn more about the Polygon ecosystem and get to know community members by joining its Discord
Applications are open for Quadratic Acceleration (q/acc), an S1 Grant Allocator committed to help Polygon builders
Join the community in Bangkok, Thailand for Aggregation Summit, a two day event from Nov. 10-11 hosted by Polygon Labs
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.