Leading cryptocurrency exchange Binance has completed Polygon mainnet integration to support mainnet token deposits and withdrawals. the Ethereum scale network.
Binance now supports the MATC Mainnet token
According to a press release shared with CryptoPotato On Friday, Binance users will now be able to deposit and withdraw with the MATIC mainnet token.
They will also be able to use different DeFi dApps such as SushiSwap, Aave, Curve and Balancer, without having to use the Polygon Ethereum Matic bridge and at a relatively low cost.
With the completion of the Polygon mainnet integration, Binance has now joined a growing list of reputable cryptocurrency exchanges and wallet providers, including Coinbase, OKEx, Huobi and Trust Wallet, to adopt the network.
In addition to allowing users to deposit and withdraw MATIC’s mainnet token, Binance noticed which would continue to allow deposits and withdrawals of ERC20, BEP2 and BEP20 MATIC tokens.
Driving the adoption of cryptocurrencies
Polygon is an Ethereum scaling and infrastructure formerly known as Matic. The network is fast becoming one of the most widely adopted blockchains in the cryptocurrency industry, with a list of top players in its portfolio.
The project provides developers with a variety of tools to build and connect various chains compatible with the Ethereum network. Polygon’s Proof-of-Stake (PoS) commit chain is currently supported by Infura, Metamask, Alchemy, Etherscan, and many more.
The project’s scaling solutions, which it claims are designed for flexibility and independence, are currently adopted by more than 450 dApps, with over 13.5 million unique users and over 350 million transactions.
Polygon has been in the headlines lately. After announcing that it plans to develop a generic blockchain for standalone chains, sidechains and other Layer-2 solutions, the project has launched a new blockchain unit that focuses on the growth of the global decentralized gaming and NFT markets.
Earlier this month, Polygon partnered with leading blockchain payments provider Wyre to provide a fiat-to-USDC launch pad to customers around the world.
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