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Binance completes Polygon wallet integration

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Leading crypto exchange Binance has completed the integration of the Polygon mainnet to support the deposit and withdrawal of the MATIC mainnet token.

According to the press release; Binance users will now be able to deposit and withdraw funds using the MATIC mainnet token.

They will also be able to use multiple DeFi dApps. Such as SushiSwap, Aave, Curve and Balancer without the need to use the Polygon Ethereum Matic Bridge and at a relatively low cost.

Binance and Polygon say: “We will connect two large communities with fast and cheap payments; which carried out through the most secure channels”.

Following the completion of Polygon’s mainnet integration; Binance has joined a growing list of reputable crypto exchanges and wallet providers including Coinbase, OKEx, Huobi, and Trust Wallet to roll out the network.

In addition to allowing users to deposit and withdraw MATIC mainnet tokens; Binance noted that it will continue to allow the deposit and withdrawal of MATIC ERC20, BEP2, and BEP20 tokens.

One of the most widely used blockchains in the crypto industry

Polygon is Ethereum’s scaling and infrastructure, formerly known as Matic. The network is fast becoming one of the most widely used blockchains in the crypto industry; with a list of top players in its portfolio.

Note that at the end of June, the daily volume of transactions in the Polygon (formerly Matic Network) network exceeded the Binance Smart Chain by 2.38 times, and Ethereum by 6.59 times.

The number of unique addresses is also steadily growing, which is a sign of the growing user base.

Users attracted by Polygon’s high transaction speed and ultra-low fees.

In less than half of July, Polygon entered into dozens of partnerships to expand its ecosystem.

The project provides developers with many tools to create and connect various chains compatible with the Ethereum network. The Proof-of-Stake (PoS) Polygon commit chain currently supported by Infura, Metamask, Alchemy, Etherscan, and many more.

Developers are already taking advantage of these features. Polygon recently created game company to create decentralized games and leverage the power of non-fungible tokens.

The project’s scaling solutions, which he claims are designed to be flexible and independent; are currently used by over 450 decentralized applications with over 13.5 million unique users and over 350 million transactions.

Earlier this month, Polygon partnered with leading blockchain payment provider Wyre to provide customers around the world with direct fiat money transfers to USD.

Polygon in all headers

The Polygon has been in the headlines lately. Following the announcement that it plans to develop a universal blockchain for autonomous chains, sidechains and other level 2 solutions, the project launched a new blockchain block that is focused on the growth of the global decentralized gaming and NFT markets.

Earlier this month, Polygon partnered with leading blockchain payment provider Wyre to provide customers around the world with direct fiat money transfers to USD.

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