Polygon (POL) news

Polygon announced T-REX Ledger, a shared compliance layer that keeps tokenized securities' rules (eligibility, transfer restrictions) consistent across blockchains and trading venues. Built on ERC-3643 and backed by Apex Group and over 140 institutions including DTCC and Chainlink, the system lets multiple chains remain sovereign while referencing a common truth, facilitating 24/7 trading and on-chain settlement. By preventing regulatory fragmentation as assets move, T-REX Ledger aims to unlock broader adoption and scale for tokenized finance.

Apex Group’s Tokeny and Polygon Labs have launched T‑REX Ledger, a compliance‑focused blockchain that serves as a shared registry for investor eligibility and transfer rules of ERC‑3643 tokenized real‑world assets, enabling assets to move across networks without repeating identity checks. Built with Polygon’s CDK and linked to Agglayer, the ledger separates compliance logic from settlement, which can occur on other chains such as Ethereum, Polygon or DTCC. Apex will act as the first on‑chain transfer agent, aiming for $100 bn of tokenized assets by June 2027.

Tokeny, a unit of Apex Group, is building the T‑REX Ledger on Polygon using the Polygon CDK and AggLayer to create an interoperable compliance layer for tokenized assets. The ledger implements the ERC‑3643 standard, which embeds regulatory rules in token smart contracts, allowing permissioned tokens to be issued, held and transferred only when eligibility criteria are met. Apex will serve as the initial on‑chain transfer agent, maintaining shared investor registries and transfer restrictions across chains. Over 140 institutions back ERC‑3643, and Tokeny’s factory has issued nearly 150 tokens worth more than $32 billion, including a €5 million green bond by ABN AMRO on Polygon.

Polygon (POL) erased most of its early‑2026 gains but posted a 4% rebound in the past 24 hours, hinting at short‑term recovery. CEO Sandeep Nailwal backed a new fee‑sharing proposal that would distribute priority transaction fees to POL delegators, aiming to make staking more attractive and improve network security. Polygon‑incubated Layer‑2 Katana is slated for a Binance launch on March 18, with 15% of its supply earmarked for POL staker airdrops and 1.4% (140 million vKAT) claimable at token generation. Network activity remains strong, with February’s record 493 million stablecoin transactions underscoring growing on‑chain usage, positioning March as a potentially pivotal month for POL holders.

Polygon (POL) is preparing for the Lisovo hardfork on March 4, adding smart‑contract upgrades and fee flexibility. Rising capital inflows hint that buying pressure could lift the token above its $0.109 resistance toward $0.120 if the upgrade fuels optimism. Chiliz (CHZ) announced that its fan‑token revenue protocol will fund buybacks and burns from early March, offering a new bullish catalyst for its $0.033 price. A death cross and bearish macro conditions could still push the token below $0.032, undermining the upside. Hyperliquid (HYPE) sits above a month‑long support line and shows strengthening Chaikin Money Flow inflows; a breakout past $33 could target $40. However, a $9.91 million HYPE unlock this week could create selling pressure, pushing the price below $28 and threatening the bullish trend.

Polygon recorded daily transaction fees that eclipsed Ethereum for the first time, with $407,100 on Friday versus $211,700 on Ethereum, according to Token Terminal. The gap narrowed the next day as Polygon posted $303,000 against $285,000 from Ethereum. The surge is driven largely by prediction market Polymarket, which generated over $1 million in fees on Polygon in the last week and saw more than $15 million wagered in a single Oscars market category. Polygon also highlights the deployment of trustless agents on the layer-2 network.

Polymarket, the largest fully on‑chain prediction market, announced it will replace the bridged USDC.e token used on Polygon with native USDC, thanks to a partnership with Circle. Circle will introduce the native Polymarket‑USDC in the coming months, allowing all trading activity, order placement and settlement to occur directly on Polygon without cross‑chain swaps. The move is expected to speed transactions and improve user experience, as native USDC is already issued on about 30 chains, and Circle plans to deepen native support on high‑impact networks.

Polygon Labs has cut 60 employees after acquiring Coinme and Sequence for over $250 million, a source told CoinDesk. The layoffs, part of a restructuring aimed at turning the firm into a payment‑focused blockchain, affect teams across the company, not just one function. The move follows two prior rounds: a 20 % cut in early 2023 and another 19 % reduction in February 2024. CEO Marc Boiron said the cuts were needed to eliminate overlap from the acquisitions and to support the goal of “moving all money on‑chain.” Polygon remains well‑funded, with more than $200 million in cash and 1.9 billion MATIC tokens. The layoffs come as Polygon’s native MATIC token fell 6 % in 24 hours, while the broader market slipped 1 %. The firm’s spokesperson emphasized gratitude toward departing staff and commitment to support them through the transition.

Polygon Labs announced layoffs as it pivots to a payments‑first strategy built around stablecoin rails, following a $250 million acquisition of Coinme and Sequence. Sources say up to 30% of staff were cut to consolidate overlapping roles after the integration. CEO Marc Boiron said the cuts reflect a structural shift to focus on moving all money on‑chain, not performance issues. The layoffs come after prior 19% workforce reductions and mirror a broader trend of cost discipline among major crypto firms like Coinbase and Binance.

Researchers at Group‑IB reported that the DeadLock ransomware, first spotted in July, hides by using Polygon smart contracts to store and rotate proxy server addresses that the malware uses to communicate with victims. The code updates a specific contract function to change its command‑and‑control infrastructure on‑chain, creating a distributed, hard‑to‑disrupt network. Although exposure is low and only a few victims are known, Group‑IB warns the technique is innovative and potentially dangerous, as the blockchain‑based proxy list persists indefinitely and can be modified in infinite variants, making disruption difficult. The tactic echoes earlier “EtherHiding” and North Korean threat actor UNC5342, which embed malicious JavaScript payloads in public contracts to create a decentralized command‑and‑control server.