Cryptocurrency Market Highlights

We have compiled the prominent news headlines in the cryptocurrency markets for you.

Ethereum active address count reaches an all-time high!

Blockchain analysis site Santiment noted yesterday on their social media account, Twitter, that Ethereum (ETH) broke a record in the number of active addresses this week. While transactions were recorded at 1.06 million ETH addresses on Tuesday, this figure was stated as the highest number of active addresses ever. In addition, the cryptocurrency Ethereum, which sits in the second seat, was stated as the most popular altcoin on the Coinmarketcap list today, leaving many popular altcoins behind.

1.19 billion dollar Ethereum (ETH) option expires tomorrow

Ethereum (ETH) options worth an average of $1.2 billion will expire on July 29, while the breakeven point of the options is estimated at $1,400. For this reason, while most derivatives investors are taking positions according to the Ethereum (ETH) price increase, the breakeven price is expressed as a signal that the second largest cryptocurrency may decline in the coming days.

Polygon announces plans for the second half of 2022

Polygon (Matic Network) outlined its roadmap for the rest of 2022 in an official blog post. It was also announced that as of April, the number of apps running on the Polygon network was over 19,000. In the first half of 2022, Polygon has already secured major collaboration deals with Meta, Flipkart, NFL, eBay, and more enterprise companies. In the blog post, the Polygon team announced that it will focus on 3 areas for the rest of the year; He expressed these areas as products, events and accelerators.

Mercedes decides on Polygon for its blockchain platform

Daimler South East Asia arm of Mercedes Benz Group announced that they are using the Polygon (MATIC) network to build a blockchain-based data sharing platform. The platform, called Acentrik, aims to enable businesses to trade data ranging from insurance information to clinical trial data. However, unlike other startups that store data on the blockchain, this one will use an NFT with a metadata hash representing each dataset. Transactions will take place on public Blockchains such as Polygon or the Ethereum Rinkeby testnet, but users will be asked to pay for the data in fiat money instead of a cryptocurrency. However, transaction fees will be settled with Polygon's MATIC token.