Binance Completed Integration Of The Polygon Mainnet

Binance completed integration of the Polygon Mainnet to support deposits and withdrawals of the mainnet token of the ETH-scaling network as we can see more in our latest Binance news.

Binance now officially supports the MATIC mainnet token. According to a press release, Binance users will be able to make deposits and withdrawals with the MATIC mainnet token and they will also be able to utilize a few DeFi dapps like SushiSwap, Curve, Aave, and Balancer without having to use the Polygon Ethereum Matic bridge and all that with a low cost too. With the completion of the Polygon mainnet integration, Binance joined the rest of the crypto exchanges as well as wallet providers like OKEx, Huobi, Coinbase, Trust wallet, and more, to adopt the network. In addition to allowing the users to deposit and withdraw the MATIC mainnet token, Binance noted that it will continue to allow deposits and withdrawals of BEP2, ERC20, BEP20 Matic tokens.

Polygon is an ETH-based scaling and infrastructure tool known as MATIC. The network is fast becoming one of the most widely adopted blockchains in the crypto industry with the list of players in the portfolio. The projects provide developers with a plethora of tools to build and connect various chains which are compatible with the network. Polygon’s Proof of Stake commit chain is currently supported by MetaMask, Alchemy, Etherscan, Infura, and more.

The project’s scaling solution is designed to bring more flexibility, independence, and more, and it is adopted by over 450 dapps with more than 13 million unique users and over 350 million transactions. Polygon was in the headlines lately and after it announced plans to develop a general-purpose blockchain for the sidechains, chains, and other layer-2 solutions, the project launched a new blockchain unit that focuses on growing the global decentralized gaming and NFT markets. Earlier this month Polygon partnered with Wyre, a leading blockchain payments provider to provide a fiat-to-usdc on-ramp for customers across the world and now Binance completed integration with the Polygon mainnet as well.

As recently reported, Polygon is an easy-to-use platform for ETH scaling and infrastructure development which revealed that it is launching a new NFT unit dubbed Polygon Studios. In an official press release, Polygon noted that the new division will focus on growing the global Blockchain Gaming and NFT industry and will close the gap between web 2 and web 3 gaming. The project explained that the new gaming community on its platform witnessed exponential growth in the past few months and prompted the creation of Polygon studios.

Source: https://www.dcforecasts.com/binance-news/binance-completed-integration-of-the-polygon-mainnet/