Gate.io News bot message, the Aave community is voting on a new proposal to use 6 million USD (3M aEthUSDT + 3M aEthUSDC) to repurchase AAVE tokens on the open market, with a repurchase period of six weeks, and the specific operations will be executed by the Aave Finance Committee. This repurchase plan is part of Aave's larger-scale capital restructuring and incentive program. The plan also includes migrating assets from other chains back to the Ethereum mainnet, purchasing 4 million GHO stablecoins for operations, and converting some MATIC assets into ETH to generate returns. Source: Wu Says

Polygon's Ecosystem GrowthAddress recently distributed 128.9 million $POL (formerly known as $MATIC) to 45 addresses, worth $47.57 million. Institutional addresses such as CoinFund, Alameda Research, Galaxy Digital, Animoca Brands are all receiving. These actions may have an impact on the price of $POL.

Jinse Caijing reported that Nansen data shows the following 24-hour fund inflows tracking list for Smart Money on the Ethereum network: PENDLE: Approximately $2.225 million, currently trading at $3.84, with a 24-hour increase of 6.5%. MATIC: Approximately $266,000, now reported at $0.5059, with a 24-hour increase of 1%; MOG: about $232,000, now trading at $0.00000182, up 5.98% in the past 24 hours.

Golden Finance reported that Nansen data shows the following 24-hour fund inflows tracking list for Smart Money on the Ethereum network: CHZ: about $788,000, now trading at $0.078, down 28.21% in the past 24 hours; PRIME: About $772,000, now at $10, a 0.25% decrease in the past 24 hours;

IoTeX collaborates with Polygon Labs to integrate AggLayer into the IoTeX 2.0 blockchain, utilizing its Cross-Chain Interaction communication and Liquidity sharing to allocate rewards for the IoTeX project, and allowing users to perform Settlement on the selected on-chain. Polygon co-founder Sandeep Nailwal stated that this move will enhance IoTeX's Cross-Chain Interaction capability, unlocking unprecedented Liquidity and expansion opportunities.

Trump said he was surprised by the strong interest of his supporters in using Cryptocurrency in his brand's Non-fungible Token project, which changed his attitude towards Cryptocurrency. He said it opened his eyes and sparked more interest in the field.

Fabric collaborates with Polygon Labs to launch a revolutionary hardware that eliminates common performance barriers of ZK using custom chips. Polygon Labs will invest $5 million in the acquisition of VPU-based server systems, which will enable a complete end-to-end system for Plonky2 and Polygon Plonky3 proof systems.

Polygon Labs collaborates with Fabric Cryptography to launch custom ZK chip to accelerate AggLayer ecosystem development. AggLayer aims to promote the liquidity and security of the chain network through an interoperability layer.

Jinse Caijing reported that according to Nansen data, Smart Money's 24-hour fund inflow tracking list on the Ethereum network is as follows: MATIC: about $1.141 million, now trading at $0.3811, up 1% in the past 24 hours; ENA: about $575,000, now reported at $0.2326, a 24-hour increase of 6.2%. ARPA: Approximately $136,000, now trading at $0.03749, up 5.4% in the past 24 hours.

Polygon will upgrade the long-term used MATIC Token to a new native Token POL. The upgrade aims to enhance the flexibility of Token issuance, making it the native Token of the Polygon PoS chain and other chains in its ecosystem. The new POL Token will have an annual issuance rate of 2%, with a portion rewarding PoS validators and another portion used to support the sustainable development of the ecosystem. This upgrade is due to the technical limitations of the MATIC Token and will provide support for the community and the decentralized network development.

Odaily Planet Daily News Movement Labs is a blockchain developer aimed at introducing Facebook's (META) Move Virtual Machine (MoveVM) into the ETH area blockchain. It has now joined Polygon Labs' AggLayer. It is reported that this collaboration will achieve unified Liquidity between second-layer networks using the Move Smart Contract language. (Coindesk)

Avail launches Data Availability Mainnet Avail DA and AVAIL tokens, used for paying data availability fees and ensuring network security. The total supply of AVAIL is 10 billion, with 60 million already Airdropped. Plans to launch the interoperability layer Nexus and the secure Network Layer Fusion.

Ava Protocol launched its Mainnet on the ETH blockchain, providing advanced features such as event-driven super transactions, support for payments, dynamic NFT minting, and automated tasks. It aims to simplify complex on-chain operations. The project has completed a $10 million seed financing round, with investors including Electric Capital, Taisu Ventures, and Sandeep Nailwal, founder of Polygon.

Golden Finance reported that after Trump chose JD Vance as his running mate, the winning probability in the Polygon prediction market has risen to a new high of 72%. In addition, the total bet on the Polymarket's US presidential election contract amounted to 2.62 billion USD, setting a record for the bet amount based on Cryptocurrency prediction market (not including all prediction markets).

The TON blockchain will launch a new Layer 2 network 'TON Applications Chain' based on Polygon technology, using Polygon's chain development toolkit to bring EVM-based decentralized applications into the TON ecosystem, and allowing Ethereum developers to build new programs for Telegram users.

Matthew Sigel, Director of Digital Asset Research at VanEck, said that the hype around Base has subsided, but the battle for market share in the Layer2 fee market between OP and ARB continues. The market share of Polygon PoS fees has dropped from 90% in 2021 to less than 20%, making MATIC the biggest loser.

According to the official announcement, the Ethereum Foundation, together with Aztec, Polygon, Scroll, Taiko, and zkSync, has announced the list of 25 winners of the ZK Funding Round. It is understood that this batch of projects aims to promote the development of zero-knowledge proof technology. Each sponsor provides a funding of $150,000, and the prize pool totals $900,000.

Jinse Finance reported that Matter Labs has released a new roadmap called ZKsync3.0, aiming to make the ecosystem more interconnected, including a new "elastic chain", which is somewhat similar to AggLayer released by competitor Polygon earlier this year. Matter

Qatar Financial Centre launches digital asset lab with a 24-member team, including ALT Realtech, Bladelabs, Polygon, and Partior, to utilize Distributed Ledger Technology (DLT) to address specific challenges and drive digital transformation.

According to a report from Jinse Caijing, Tom Wan, a strategy analyst from 21.co, stated on X platform that in the past 7 days, 15 million MATIC (approximately $6 million) has been migrated to POL. The migration rate has increased from 0.03% to about 0.2%. With 2 days left until the official migration, it is expected that the migration rate will further jump to over 50%.

Polygon's global institutional capital manager stated that the real world asset market size of tokenization has reached $11.66 billion and is expected to rise significantly in the coming years, with billions of dollars in tokenization private sale asset issuance expected. Currently held tokenization RWAs are approximately $11.6 billion, with tokenization money market funds being the most popular.

ZetaChain Mainnet Beta supports Polygon and its 8.4 million active Wallet community, Universal App Smart Contract supports native connections to various blockchains, and can build Universal App to manage a variety of representatives and Decentralized Finance assets on ZetaChain.

Odaily Planet Daily News According to Decrypt, after the attack on Trump, the price of Non-fungible Token on his Polygon once reached a new high, pumping up to 933 MATIC, worth 502 US dollars. The current floor price of this Non-fungible Token on Magic Eden is about 762 MATIC, worth 410 US dollars. While the pre-attack floor price was about 228 US dollars.

On September 5th, MagicEden announced on social media that Polygon Retro Diamond Drop has been launched. No application is needed, users can check their PolygonWalletAddress.

Golden Finance reported that according to Nansen data, Smart Money's 24-hour fund inflow tracking list on the Ethereum network is as follows: RPL: About $2.15 million, currently trading at $10.47, with a 24-hour decrease of 0.3%; WOO: Around $353,000, now trading at $0.1464, with a 24-hour increase of 5.2%; MATIC: about $257,000, now trading at $0.3819, down 2.4% in the past 24 hours.

Trump releases new series of Non-fungible Tokens 'Series 4: The America First Collection', selling over 22,000 copies on the Polygon network in one day, worth over $2.17 million, with a minting price of $99 per Non-fungible Token, and a trading time of 2025.

Golden Finance reported that Nansen data shows the following list of 24-hour capital inflows on the Ethereum network for Smart Money: G: Approximately 2.487 million US dollars, now at 0.0599 US dollars, with a 24-hour increase of 5%; MATIC: Approximately $819,000, now trading at $0.502, a 24-hour decrease of 5.69%. TON: About $686,000, now trading at $6.62, down 4.57% in the past 24 hours.

The social media site Reddit plans to stop supporting its Collectible Avatars Non-fungible Token animated expression service based on Polygon on August 5, 2024, but the Non-fungible Token series has been widely popular since its launch, with over 33 million minted and a Market Cap of $43 million. Reddit stated that it will support its Non-fungible Token ecosystem through new community partnerships and longer activities.

On July 18th, PANews reported that Polygon's Mainnet upgrade plan will take place on September 4th, 2024. After obtaining community approval, its native token will be converted from MATIC to POL. The testnet migration launched on July 17th aims to identify and solve potential issues before the Mainnet upgrade. After the upgrade, POL will replace MATIC as the main token for gas fees and stake.

Solayer completed a new round of financing, with investors including Sandeep Nailwal, founder of Polygon, and co-founders of Solana Labs, with the funds used to build a native re-staking network and decentralized cloud infrastructure, with the specific amount undisclosed.

encryption Social Web platform 0xPPL has completed a new round of financing, without disclosing the specific amount and valuation. Investors include AllianceDAO, Anagram, Peak XV Partners, Balaji Srinivasan, Anatoly Yakovenko, Raj Gokal, Sandeep Nailwal, etc., and will be used to enhance its product supply, expand the team, and achieve a leading position in on-chain Social Web platform. Competitors include Phaver, Easy, Farcaster, etc.

Golden Finance reported that the privacy public chain Secret Network announced that its Confidential Computing Layer has integrated with Polygon PoS, providing the Polygon PoS community with Decentralized Confidential Computing (DeCC) tools, documents, and support.

Odaily Planet News According to official sources, Polygon announced that Polygon CDK has integrated the bridge USDC standard, which is designed by USDC issuance Circle, to deploy an upgradable version of bridge USDC on EVM on-chain. This integration means that it will be more convenient to upgrade to native USDC in the future.

On July 10th, Polygon Labs announced that Miden AlphaTestnetv3 has been launched. Polygon Miden is a zkVM rollups that is still in the Testnet phase, allowing users to create and execute their own Zero-Knowledge Proof. Currently, Polygon Miden Testnet v3 supports standardized user operations and Smart Contract. Future updates will enable developers to execute any logic on-chain or off-chain like other general Blockchains.

A US judge has rejected DraftKings' request to dismiss a class-action lawsuit brought by NFT buyers. The lawsuit claims that these tokens are investment contracts and sets the stage for a future court battle over whether NFTs are securities. The court found that DraftKings' NFTs meet the requirements of the Howey test and it is reasonable to classify them as securities because they involve investment of funds, pooling of assets in a common enterprise, sharing of risks and profits, and a reasonable expectation of profits from DraftKings' actions.

Golden Finance reported that a U.S. judge in Massachusetts has rejected DraftKings' request to dismiss a class-action lawsuit filed by NFT buyers. The lawsuit claims that these tokens are investment contracts and lays the groundwork for future legal battles over whether NFTs are securities. DraftKings offers sports-themed NFTs on its marketplace using the Polygon blockchain.

Polygon, Eigenlayer, Sentient, etc. held the AGI Summit at EthCC to discuss open and closed AI issues. Co-founders of Polygon and Sentient emphasized the importance of an open world and advocated for transparency and fairness through blockchain. They believe that using blockchain is essential for making AI more transparent and fair, thus achieving an open world.

Polygon's second quarter report: daily active addresses rise by 47.6%, PoS average money laundering decreases to $0.01, Decentralized Finance total value locked decreases by 22.9%, but TVL priced in MATIC rises to $1.8 billion, Stable Coin market cap rises by 17.5%. Daily average game active addresses rise by 85%. Revenue decreases by 40.6% due to the decrease in network transaction fees, not capital outflow.

Messari released the Q2 2024 report on Polygon, with a daily active Address of 1.2 million and a daily average volume of 4.1 million. The average transaction fee of Polygon PoS has dropped to $0.01, a decrease of 41.1% compared to the previous period. Polygon Labs has integrated zkVM SP1 based on Plonky3 and launched a $1 billion community grant program. Polygon will collaborate with Aragon to develop a governance center focusing on protocol governance and system Smart Contract governance.

Golden Finance reported that Token Relations recently stated in an article on X that since mid-February, the number of active on-chain Polygon PoS addresses has significantly increased, rising by 227% since the beginning of the year. In addition, the daily active users on Polygon's on-chain once reached 1.669 million, hitting a historical high; with a daily transaction volume of 3.78 million.

Grayscale Fund announced that it did not remove any currencies or add new Tokens, but the component weights were slightly adjusted. Smart Platform Fund adjusted the composition, removing Polygon (MATIC) and adjusting Solana (SOL) to 65.80%, Cardano (ADA) to 14.67%, Avalanche (AVAX) to 10.70%, and Polkadot (DOT) to 8.83%. This is aimed at flexibly responding to changes in the encryption asset market.