logo

Polygon (POL) Joins Bull Rally as AggLayer Unveils New Bridge

By: bitcoin ethereum news|2025/05/10 11:15:07
0
Share
copy
Polygon AggLayer recently launched VaultBridge, a customizable yield-generating mechanism that expands AggLayer’s optionality. Sandeep Nailwal, Polygon’s founder, announced the news on X, describing it as a more sustainable yield model with the capacity to build lasting value and achieve mainstream adoption. Introducing the Polygon AggLayer VaultBridge The Polygon network founder noted that Web3 currently has sufficient extractive blockchain models and inflationary emissions games. In his opinion, the ecosystem needs more sustainable yield models now. Furthermore, he touted VaultBridge as a viable solution that allows chains to build for long-term success. It provides both new and existing Layer-2 with a built-in revenue stream, encouraging a more sustainable economic model for chains. Owing to its customizable nature, users are at liberty to opt in/opt out whenever they choose. Besides its ability to help chains generate yield, VaultBridge is open-sourced to anyone and is also available for integration. Marc Degen, CEO of Polygon Labs, also highlighted VaultBridge’s capacity to promote sustainability. He suggested that it is Decentralized Finance’s chance to enjoy a better approach to value creation and capital efficiency. “It allows chains to align participant incentives with long-term health, and it’s a boost to capital efficiency,” Marc outlined on X, “VaultBridge gives chains the option to deploy assets, earn yield, receive it, send it to users, or allocate for any other purpose. Turning idle TVL into productive capital that scales alongside the chain.” The Polygon ecosystem anticipates the time when the VaultBridge will be integrated with non-Ethereum Virtual Machines (EVMs). This potential integration is likely to increase compatibility with even more blockchain protocols outside of Ethereum. Polygon and Current Market Rally As a network, Polygon has become renowned for building and connecting Ethereum-compatible blockchain networks. Its other features, including enhancing Ethereum’s capabilities by providing faster and cheaper transactions on a multi-chain system, have made it an essential platform for developers and users. The network is believed to offer ease to those seeking efficient interactions with the Ethereum blockchain. Little wonder it was selected alongside Lightchain AI for Skyren DAO’s Token Surge 2.0 in March. Amidst all these, the protocol’s native token, POL (formerly MATIC), has experienced some price fluctuations. Two months ago, it seemed quite certain that the POL price would drop significantly, especially when it failed to hold several crucial support levels. Crypto market analyst Ali Martinez predicted that the breakdown in support levels may push the price down to $0.04. Two months later, POL defied the bearish odds and is currently 10.24% higher over the past 24 hours. However, the token has still been down by 0.06% over a day and is up 6.76% in the last seven days. Its current market value is $0.2515. POL Price Forecast and Technical Boost, Open Interest In recent weeks, market watchers have seen signs of a potential reversal following the breakout of POL price from a long-term downtrend. These entities are expecting 125.29% growth from the coin’s breakout point. The buy candles have extended beyond typical trading ranges, and trading volumes have increased steadily. If POL can successfully break out above the $0.24–$0.25 zone, it could be heading toward $0.30, the price’s next psychological ceiling. Beyond this point, POL price could explore the $0.38 price level and even $0.52 throughout the next several weeks. Source: https://www.thecoinrepublic.com/2025/05/09/polygon-pol-joins-bull-rally-as-agglayer-unveils-new-bridge/

You may also like

6MV Founder: In 2026, the "landmark turning point" for crypto investment has arrived

"I will deploy funds in 2026, so I will tell you this is the best year in history."

Abraxas Capital Mints $2.89 Billion USDT: Liquidity Boost or Just More Stablecoin Arbitrage?

Abraxas Capital just received $2.89 billion in freshly minted USDT from Tether. Is this a bullish liquidity injection for crypto markets, or is it business as usual for a stablecoin arbitrage giant? We analyze the data and the likely impact on Bitcoin, altcoins, and DeFi.

A VC from the Crypto world said AI is too crazy, and they are very conservative

Amid the Crypto frenzy and with investors who once missed out on Pinduoduo, a new AI fund called Impa Ventures was established, rejecting bubble narratives and adhering to a conservative "problem-first" strategy to seek real business value.

The Evolutionary History of Contract Algorithms: A Decade of Perpetual Contracts, the Curtain Has Yet to Fall

The ten-year evolution of perpetual contracts: from pulling the plug on 312 to the shocking short squeeze of TRB, a deep dive into the pricing machine that averages $200 billion daily, written with countless liquidations and real money, detailing the blood and tears of risk control theory.

Kicked out by PayPal, Musk aims to make a comeback in the cryptocurrency market

Cashtags generated a trading volume of 1 billion dollars just a few days after its launch, marking a strong start for Musk's super app strategy. For the cryptocurrency market, X's layout may be one of the most anticipated sources of retail growth after the meme coin craze subsides.

Solana ETF News: What Is a Solana ETF and Why Is Goldman Sachs Betting $108 Million on SOL?

Solana ETF news today shows Goldman Sachs disclosed a $108M position while total SOL ETF inflows reached $1.45B. Analysts now expect up to $6B in institutional demand as Solana trades 71% below its all-time high.

Popular coins

Latest Crypto News

Read more