Robinhood Issues Crucial Announcement for Polygon (MATIC) Community

Despite the pale performance of the MATIC price, early Q2, 2024, was very fruitful for Polygon MATICUSD in terms of on-chain records and integrations.

Robinhood Wallet enables cross-chain swaps on Polygon MATICUSD

Robinhood Wallet, a mainstream multi-blockchain trading application, now supports cross-chain swaps on Polygon’s proof-of-stake (PoS) network. Such statement was shared by Polygon’s team today, April 27, 2024.

Robinhood Wallet has enabled crosschain swaps on Polygon PoS for tokens supported by @0xProject and @lifiprotocol.

👉🏼 enabling onchain access to over 23 million users on @RobinhoodApp pic.twitter.com/JbUGxUdiVT— Polygon | Aggregated (@0xPolygon) April 26, 2024

The integration became possible thanks to 0x Project and LI.FI. infrastructure protocols integration. Cross-chain swaps are now available for all tokens supported by the two platforms.

Polygon MATICUSD representatives stressed that on-chain access to the swap module is now unlocked for over 23 million Robinhood app users.

As covered by U.Today previously, Robinhood was among the first applications to list all spot Bitcoin ETFs for trading.

Also, in December 2023, it expanded cryptocurrency trading services to the countries of EU. Bitcoin BTCUSD, Ethereum ETHUSD and Solana SOLUSD became available for European crypto enthusiasts.

Polygon MATICUSD becomes go-to blockchain for stablecoins and NFTs in April

For Polygon MATICUSD, the announcement by Robinhood became yet another milestone in its array of Q2, 2024 accomplishments.

In the last 30 days, Polygon MATICUSD became the leading Ethereum Virtual Machine blockchain in terms of NFT-associated transactions.

.@0xPolygon is the leading EVM chain by number of NFT transactions.

Transactions counted here are those that involve NFT transfers only, where they counted the number of distinct hashes in the ERC721 and ERC1155 tables.

This highlights that @0xPolygon’s NFT ecosystem is the… pic.twitter.com/4Jvkd15hJv— Polygon Stats (@polygonstats) April 25, 2024

Also, as per a recent report, Polygon MATICUSD registered 1.9 million on-chain stablecoin users, while its closest competitors, Ethereum ETHUSD and Arbitrum (ARB), only onboarded 1.4 million stablecoin users each.