Polygon Labs CEO Marc Boiron announced a second round of layoffs in 2026 as the company finalizes its acquisition of Coinme, aiming to transform into a blockchain-enabled payments firm. This is the fourth wave of job cuts since February 2023, following earlier layoffs linked to acquisitions of Coinme and Sequence for $250 million. The company's vision is to create the Polygon Open Stack, enabling seamless onchain money transfers. Despite recent buying signals, the Polygon token (POL) remains down significantly, with recovery dependent on increased network use and demand.
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 ...
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...
