Binance, a leading cryptocurrency exchange, has completed Polygon mainnet to allow MATIC mainnet token deposits and withdrawals.
The most popular cryptocurrency exchange Binance has finished integrating Polygon mainnet to allow deposits and withdrawals of the Ethereum-scaling network’s mainnet currency.
Binance now supports the MATIC Mainnet Token
They’ll also be able to access several DeFi dApps, like SushiSwap, Aave, Curve, and Balancer, without using the Polygon Ethereum Matic bridge and at a cheap cost.
In addition to enabling users to deposit and withdraw MATIC’s mainnet token, Binance stated that ERC20, BEP2, and BEP20 MATIC tokens would continue to be accepted.
Promoting Cryptocurrency Adoption
Polygon, originally known as Matic, is an Ethereum scaling and infrastructure project. With a long list of major players in its portfolio, the network is quickly becoming one of the most extensively accepted blockchains in the crypto business.
Developers may use the project’s tools to create and connect multiple chains compatible with the Ethereum network. For example, Infura, Metamask, Alchemy, Etherscan, and others currently support Polygon’s Proof-of-Stake (PoS) commit chain.
Over 450 dApps are presently using the project’s scaling solutions, which it claims are intended for flexibility and independence, with over 13.5 million unique users and 350 million transactions.
Polygon has recently made the news. It will create a general-purpose blockchain for standalone chains, sidechains, and other Layer-2 solutions following its announcement. In addition, the project has created a new blockchain unit to expand the worldwide, decentralized gaming and NFT industries.
Polygon collaborated with Wyre, a prominent blockchain payments platform, earlier this month to offer a fiat-to-USDC on-ramp to clients worldwide.