Polygon reveals details about its future collaboration with LBank during AMA – press release

PRESS RELEASE.Recently, LBank Exchange held an AMA session with the Polygon team where they discussed Polygon's achievements, collaboration, NFT and gaming markets, Nightfall solution, future plans, etc. Here is the summary of this AMA.

Ethereum is the blockchain development platform of choice, but it has limitations such as low throughput, poor UX, and no sovereignty. As a protocol and framework for building and connecting Ethereum-compatible blockchain networks, Polygon breaks these limitations by aggregating scalable solutions on Ethereum and supporting a multi-chain Ethereum ecosystem.

Polygon surpasses Ethereum in terms of active users

As a Layer 2 solutions aggregator built on Ethereum, Polygon has achieved some major successes since its inception, its POS chain has over 2000 DApps live and processes over 7 million transactions daily. In fact, Polygon now has more daily active users than Ethereum.

MATIC, the token for the Polygon network, is already live on trading platforms such as the LBank Exchange and currently has a trading volume of over 1 billion across exchanges. The Polygon team aims to attract more people to hold MATIC tokens and hopes that the trading volume of MATIC on the LBank Exchange will also continue to grow.

Expanding the Polygon ecosystem

With the ability to bring thousands of new users to the blockchain, NFT and gaming markets are strategic sectors that Polygon continues to focus on. There are already some of the largest gaming projects on Polygon, such as Decentral Games, Sandbox, Somnium Space, Vulcan Verse, etc. As for NFT projects, there are OpenSea, Lazy.com, Autograph, etc.

The team will bring many more such games and NFT projects to Polygon so that the community can enjoy more graphics and fun. Additionally, Polygon allows for massive scalability and compared to Ethereum, minting costs on Polygon are on average 100,000 times cheaper.

Polygon also offers products for enterprise customers requiring data protection and scalability, such as Nightfall, a unique privacy-focused rollup that combines optimistic rollups with Zero-Knowledge (ZK) cryptography, commonly used in ZK rollups. It creates a scalable and private hybrid of the two popular technologies.

Polygon Nightfall has the power to bring many large companies onto the blockchain. The team believes this will result in a large number of transactions on Polygon and add more projects and users to the Polygon ecosystem.

Big plans ahead

The Polygon team already has some big plans. On the technical side, Polygon is investing heavily in ZK and ZK-Rollup technology, for example, the team has already spent $250 million to acquire Hermez, an open-source, decentralized ZK-Rollup optimized for secure, low-cost, and usable token transfers on the wings of Ethereum.

Polygon has also acquired four additional teams to build additional ZK Rollup chains to achieve the goal of building highly scalable EVM-enabled ZK Rollup technology. Additionally, Polygon has updates to its POS chain and details on its EIP 1559 implementation.

On the business side, Polygon also has many exciting updates planned with many major DApps and integrations. Significantly, Arjun, Head of Growth at Polygon, points out that LBank is improving its global branding. He also assures that love for the community drives the team to achieve its goals. Therefore, it will continue to work with LBank Exchange to bring more Polygon projects and tokens to the community. The Polygon team will continue to post on its official social media accounts such as Twitter to reveal more details about future plans and latest updates.

About Polygon

Polygon is a scalable Layer 2 aggregation solution on Ethereum that supports a multi-chain Ethereum ecosystem. The platform solves the blockchain challenges such as high gas fees and slow speed without compromising security. It is a protocol and framework for building and connecting Ethereum-compatible blockchains.

Visit to find out more:

Website: https://polygon.technologie/

Twitter: https://twitter.com/0xPolygon

Telegram: https://t.me/polygonofficial

Discord: https://discord.com/invite/polygon

About LBank

LBank is an ever-growing crypto trading platform that offers secure trading to users worldwide. The team strives to build the professional crypto asset integration services as a convenient trading platform. It has become popular with over 6.4 million users around the world.

Visit to find out more:

Website: https://www.lbank.info/

Twitter: https://twitter.com/LBank_Exchange

Telegram: https://t.me/LBank_en

LinkedIn: https://www.linkedin.com/company/lbank

Facebook: https://www.facebook.com/LBank.info/

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