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The South Korean cryptocurrency exchange Upbit announced that due to the hard fork upgrade of the Polygon network, it will suspend the deposit and withdrawal services for related assets starting from May 21, 2026, at 20:00 (KST), until the network stability is restored.The affected assets include Polygon Ecosystem Token (POL), STEPN (GMT), and NFT assets based on the Polygon network.The announcement stated that this suspension only involves on-chain deposit and withdrawal functions, and spot trading will not be affected.Upbit reminds users that transfers made before and after the suspension may experience delays or may not be credited, and related processing will be carried out in order after the network is restored.

According to Blockaid monitoring, Ink Finance's Workspace Treasury Proxy on Polygon was attacked a few minutes ago, resulting in a loss of approximately $140,000.

According to The Defiant, Polygon Labs launched a stablecoin privacy payment feature in its consumer wallet on Monday, in collaboration with the privacy protocol Hinkal, currently supporting USDC and USDT.It is reported that the Polygon wallet has added a "Privately Send" option, allowing users to send stablecoins on Polygon through Hinkal's shielded pool, where the sender, receiver, and transfer amount will not be publicly disclosed on-chain. The related transfers will be verified through zero-knowledge proofs, enabling external observers to confirm that valid transfers have occurred, but they cannot see the participants or the amounts.Polygon Labs stated that this feature is aimed at institutional payment scenarios, designed to address the issue of excessive transparency in public chain payments. The design also incorporates Know Your Transaction (KYT) screening and operates in a non-custodial mode, meaning no operating party holds user assets during the transfer process.

According to official news, Visa has announced the formal inclusion of Polygon in its global Stablecoin Settlement Program. Visa partners, including issuing institutions and acquiring institutions, can now complete stablecoin settlements through the Polygon network. Polygon stated that it has now become the largest USD stablecoin payment network in the world.According to Allium and Dune data: 34% of USD stablecoin transfers occur on Polygon, more than twice that of BNB Chain; 54% of USDC transfers occur on Polygon, higher than the total of all other chains; 36% of global USDC transactions run on Polygon; Polygon currently has approximately 3.19 million weekly active stablecoin users; the on-chain stablecoin supply has reached a historic high of $3.62 billion; in March, the number of USD stablecoin transactions reached 178.1 million.Visa stated that its stablecoin settlement program has achieved an annualized operating scale of $7 billion this quarter, a 50% increase from three months ago. Polygon emphasized that its network features low transaction fees, approximately 4 seconds for transaction finality, and has been used by institutions such as Stripe, Revolut, Flutterwave, and BlackRock for real financial activity settlements.

Polygon officials stated that they have been actively monitoring the rsETH vulnerability: Polygon Chain, Agglayer, and the entire ecosystem including Katana and Vaultbridge have not been affected by this incident. Polygon has safely transferred over $20 trillion in funds to date and will continue to closely monitor the situation.

Polygon officially launched the native liquid staking token sPOL, aimed at enhancing the earnings of POL token stakers.As Polygon's native liquid staking token, sPOL will unlock approximately 3.6 billion staked POL and provide stakers with priority trading fee sharing. Currently, only about 4% - 5% of POL is in a liquid state, and sPOL will improve the situation where idle capital cannot participate in DeFi earnings. Users can migrate their existing stakes to sPOL through the Polygon Staking Portal without waiting, and rewards will not be interrupted; new stakes will automatically receive sPOL.The initial exchange ratio of sPOL is 1:1, increasing as staking rewards accumulate. sPOL supports liquidity provision, collateralization, and DeFi strategy yield stacking, and can be redeemed back to POL and accumulated rewards at any time. The first batch was launched by Polygon Labs and audited by ChainSecurity and Certora, with initial liquidity injected from the official fund pool. The official reminder states that sPOL carries risks of smart contract vulnerabilities, validator behavior penalties, and market volatility risks.

According to DefiLlama data, the net inflow of funds for Ethereum cross-chain bridges in the past 7 days reached $11.112 billion, ranking first among all public chains. Following are Solana and Polygon, with net inflows of $497 million and $397 million, respectively.Base, Plasma, Ink, Avalanche, Arbitrum, and Tron also experienced varying degrees of net inflow, amounting to $275 million, $214 million, $165 million, $157 million, $126 million, and $54 million, respectively.

Since late October last year, the total trading volume of the Japanese compliant stablecoin JPYC has reached 137 million USD, with Polygon dominating at 66% with 90.4 million USD, followed by Avalanche and Ethereum at 26.4 million and 19.7 million USD, respectively.The founder of Polygon confirmed that Japanese physical stores have supported offline payments with JPYC on the Polygon network.

According to The Information, Polygon Labs is seeking up to $100 million in funding for its payment business expansion.

According to the official announcement, Binance is expected to suspend token deposits and withdrawals for the Polygon (POL) network on April 8, 2026, at 21:00 (UTC+8) to support its network upgrade and hard fork.The project team will carry out the network upgrade and hard fork at block height 85,268,500 (expected on April 8, 2026, at 22:00 UTC+8).

According to Alex Data, the total trading volume of the Japanese stablecoin JPYC has reached 136 million USD, of which 90 million USD was processed through the Polygon network. JPYC has a wide range of use cases on Polygon, primarily for payment services on platforms such as Tria, Daimo, and CurrencyCompetition.

According to official news from the Polygon Foundation, the Giugliano hard fork upgrade will take place around 22:00 on April 8 at block height 85,268,500 on the Polygon mainnet.This upgrade will bring the following improvements: allowing producers to announce blocks earlier for faster finality; directly adding fee parameters to the block header; introducing new RPC interfaces to support fee data.The official reminds all node operators that they must upgrade Bor to version v2.7.0 or upgrade Erigon to version v3.5.0 to ensure normal operation.

Polygon announced the launch of the Private Mempool, a private transaction submission entry that protects each transaction from front-running and sandwich attacks.Simply replace the RPC address with the corresponding private entry to use this feature, with no additional operations required.

Polygon founder Sandeep Nailwal posted on the X platform that last week, the number of stablecoin transactions on the Polygon network reached 159.9 million, setting a new historical high.In addition, recently, the trading volume of stablecoins, the amount of transaction fees burned, and the number of active addresses on Polygon have all risen simultaneously.

According to market news, the Ethereum Layer 2 network Polygon has proposed a new fee model proposal PIP-85, aimed at reversing the decline of its native token POL, which has dropped over 60% in the past year, and addressing competition from Base and Arbitrum.The proposal will redistribute 50% of priority fee revenue to network validators and delegators, and adjust the distribution of validator rewards from being based on staking size to being based on contribution performance. In the remaining validator pool, 75% will be distributed based on contribution rather than staking size, while 25% will still be distributed according to existing staking weight. The author mentioned in the proposal that implementing this proposal does not require any direct on-chain changes.

Polygon officially announced that Revolut's trading volume on its chain has surpassed $1.2 billion, further deepening this European fintech company's investment in blockchain.Revolut has previously submitted applications to the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, seeking to obtain a national bank charter to operate under the name Revolut Bank US, NA. If granted the charter, Revolut would be able to directly access the Fedwire and ACH systems, provide FDIC-insured deposit services, and operate across all 50 states under a unified federal framework.

The Polygon community has released the PIP-85 proposal, which will adjust the priority fee of PIP-65. The specific changes are as follows:First, 50% will be extracted from the validator pool and distributed to stakers through a periodic Merkle token receiver deployed on Ethereum.Second, the distribution method of the remaining validator pool will be adjusted, where 75% will be distributed equally based on performance, and 25% will be distributed according to the existing staking weight formula.

According to Theblock, Katana, a public chain designed for DeFi incubated by Polygon Labs and GSR, has acquired the decentralized exchange IDEX to support its new Katana Perps product, and has received support from market makers GSR, Selini Capital, and Auros.It is reported that IDEX was initially built on Ethereum and later expanded to Polygon, being one of the first decentralized exchanges to combine a high-performance matching engine with on-chain settlement. IDEX combines a traditional centralized order book with an automated market maker (AMM) to provide continuous liquidity and faster execution speeds.