The cryptocurrency market has had an eventful day. Because today, there are critical developments for both CFX coin and four other important altcoins. These developments carry important signals for the future and prices of the coins in question.
Ronin Bridge is back in operation, EtherFi and DappOS collaboration draw attention
The first important news today was the announcement that Ronin Network, the blockchain infrastructure of the popular game Axie Infinity, has reopened Ronin Bridge. This bridge was previously closed due to a hack attack. Ronin Network announced that the bridge code has successfully passed two external security audits and that there will be no routine updates from now on. Instead, it is planned to transfer the operation and maintenance of the bridge to a professional bridge solution.
Another important development in the cryptocurrency market was the collaboration between the decentralized liquidity commitment protocol ether.fi and dappOS. Within the scope of this collaboration, dappOS’s “intent” assets will use eETH issued by ether.fi as one of their income sources. In this way, users will be able to benefit from high interest rates while preserving the flexibility of local assets. dAppOS’s “intentETH” product works in a decentralized structure where assets are not stored. In this way, users can use intentETH directly on the chain as local assets while earning interest between 6-12% annually.
UXLINK and DWF form a strategic partnership, UXLINK leaps
The cooperation wind continues in the cryptocurrency market. UXLINK and DWF announced today that they have established a strategic partnership. This partnership will cover cooperation in the fields of global marketing, community development and ecosystem development. This move will allow both coins to gain more recognition in the global market. It will also enable their ecosystems to gain strength. As a result of the DWF Labs partnership, the cryptocurrency has increased by over 30 percent.
One of the most important developments in the cryptocurrency market was the decision of the Polygon network to switch from the MATIC token to the POL token. This transition is planned to increase the functionality of the network as part of the Polygon 2.0 roadmap. It also aims to pave the way for new innovations. MATIC tokens on the Polygon Proof of Stake (PoS) chain will be automatically converted to POL. However, MATIC tokens held on the Ethereum network or Polygon’s zkEVM Layer-2 network will need to be manually traded via the Polygon Portal interface. This transition is considered an important step in Polygon’s long-term plans. The POL token will become the core asset of the Polygon 2.0 ecosystem, supporting the security, scalability and growth of the network.
Although the CFX coin price has fallen, there is a partnership with Alibaba Cloud!
Despite the decline in the cryptocurrency market in general, CFX coin is on the agenda with different news. Conflux Network announced that it has partnered with Alibaba Cloud to promote Web3 innovation in Hong Kong. This partnership aims to provide innovative Web3 solutions to businesses in Hong Kong. It also aims to revolutionize various sectors such as retail, tourism and entertainment. In the long term, this collaboration could increase the value of CFX coin by expanding its usage areas. However, for now, CFX coin has been decreasing in the last 24 hours.
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