Polygon Labs announced its fourth round of layoffs in three years as it shifts from a blockchain foundation to a payments company aiming for profitability by 2027, following its acquisition of Coinme. Meanwhile, 1inch co-founder Anton Bukov revealed he was fired amid leadership disputes. Both Polygon and 1inch tokens have plummeted to near all-time lows this year, reflecting market skepticism. These moves highlight the crypto industry's costly pivot from infrastructure development to commercial revenue generation, with uncertain benefits for token holders.
Provenance Blockchain (HASH) led gains on July 14 with a 16.54% price surge to $0.009461, driven by its focus on financial services using distributed ledger technology. Other notable gainers included Beldex (BDX) up 15.97%, NEAR Protocol rising 4%, a...
Polygon recently upgraded its network with the Zurich hardfork, increasing block gas limits and reducing block times to 1.5 seconds, enabling up to 5,000 payments per second. This upgrade improves network throughput and validator coordination but doe...
