Poloniex has announced its partnership with Polygon to facilitate Web3 development and adoption and joint activities in other sectors. While Poloniex is the top Ethereum scaling & infrastructure building platform, Polygon is a worldwide cryptocurrency exchange platform.
Collaboration to work on Web3
Polygon is getting popularity among developers, who are looking to avoid the Ethereum mainnet’s excessive transaction costs. It has a wide range of safe, fast, cost-effective, and energy-efficient Ethereum scaling solutions. Poloniex has been working towards providing their users a favourable trade experience. With the polygon, it is looking for further development of Web3 using Polygon’s cutting-edge technologies and insights.
On the announcement of partnership, Poloniex’s General Manager, Mr Shaun Scovil stated the followings:
“This new relationship is a fantastic opportunity for Poloniex and Polygon to combine our strengths. We are excited about the opportunities [through this collaboration]. We strive to assist the growth of the rapidly increasing Web3 ecosystem and produce quality applications to our users.”
Poloniex
Poloniex is a crypto exchange platform that was established in January 2014. It offers spot and margin trading, as well as leveraged tokens, to users. It is providing its services in more than 100 countries and regions.
Polygon
Polygon is the most popular Ethereum infrastructure and scaling platform. Its growing range of products is helping developers to get easy access to all major Ethereum scaling and infrastructure solutions such as L2 solutions, hybrid solutions, sidechains, data availability solutions, and many more. It has over 7000+ apps hosted on the platform and 3.4B+ transactions completed on it.
