In Q3 2023, the cryptocurrency world has seen numerous changes, capturing the attention of both seasoned users and newcomers. Let's take a closer look at the key events.
Justin Sun Backs TRUMP Coin with $100 Million
TRON's founder Justin Sun announced the purchase of $100 million in TRUMP Coin. This development has once again brought attention to TRUMP, which is currently trading nearly 90% below its record of $75.35 but has a market capitalization close to $1.8 billion. Sun already holds over $40 million in TRUMP and has supported similar projects in the past. The main goal is to integrate TRUMP into the TRON network using LayerZero technology for faster transactions.
Polygon Demonstrates 20% Growth
Polygon (POL) witnessed a 20% increase after announcing it would cease zkEVM support by 2026. The focus has now shifted to its PoS mainnet and AggLayer. Previously, the zkEVM initiative incurred losses of $1 million yearly, with the total value locked falling from $80 million to just $16 million - an 80% drop. CEO Sandeep Nailwal is now taking steps for a simpler and stronger Polygon network.
BlockDAG Secures Sports Deals
BlockDAG is making significant moves in the sports sector, showcasing its commitment to integrating Web3 technologies into real-life experiences. Its latest partnership with the Seattle Orcas in Major League Cricket offers fans access to digital content and collectibles. BlockDAG has also become the official blockchain partner of the Seattle Seawolves in Major League Rugby, collaborating to develop exclusive content and fan reward programs. These initiatives highlight BlockDAG's focus on strong community connections and real utility in its ecosystem.
Justin Sun's significant investment in TRUMP Coin highlights its importance for further integration with the TRON network. Meanwhile, Polygon's exit from zkEVM opens up new strategic opportunities. BlockDAG is demonstrating active engagement through partnerships with real sports organizations, strengthening trust in its project.
