Digital Asset Platform Exodus Announces Polygon Support in Web3 Wallet

Exodus Movement, Inc. (tZERO and Securitize ATS:EXOD), which claims to be the leading self-custodial cryptocurrency software platform, and Polygon Technology, a developer of Polygon, the Ethereum scaling blockchain protocol Polygon supporting Web3 technology for millions of users, recently announced “the addition of Polygon support in Exodus’s browser-based Web3 Wallet.”

JP Richardson, CEO and Co-Founder of Exodus, said:

“The addition of Polygon support in our Web3 Wallet provides another fast, low-cost alternative to Ethereum for our customers. Our Web3 wallet is the premier self-custodial, multi-chain solution to explore Web3. Customers can toggle effortlessly between networks and buy, sell and view NFTs on all supported blockchains within our beautifully designed platform. Polygon is the latest network addition, connecting customers to thousands of dApps within its growing ecosystem.”

Polygon was “designed to work in parallel with the Ethereum network to improve functionality by reducing transaction fees, increasing throughput, and promoting infrastructure development.”

Polygon currently “supports ERC-20 tokens and its native coin, MATIC.”

Boasting just over 53,000 dApps, Polygon has “become the de facto platform for Web3.”

The network “offers an array of blue-chip services ranging from decentralized finance (DeFi) dapps such as Aave, Curve, Balancer, and Uniswap, to the best gaming and metaverse platforms, including Decentraland, Somnium Space, Sandbox, Atari (multiverse), and Aavegotchi — all of which are now easily accessible to Exodus users.”

Hamzah Khan, Head of DeFi and Labs at Polygon Technology, said:

“The addition of Polygon to Exodus’ web3 wallet will bring about a significant leap in DeFi accessibility, allowing anyone to gain seamless access to over 53,000 decentralized services. Exodus provides an easy-to-use solution for crypto veterans and newbies alike, and Polygon’s integration will help further the goal of bringing a new wave of adoption to the DeFi sector.”

Exodus’s browser-based Web3 Wallet is “the first multi-chain product where Solana, Ethereum, Algorand, and Polygon blockchains meet the world of web3.” Support for other major DeFi chains, “including Binance Smart Chain, Fantom, and Avalanche are expected to launch by year-end.”

As noted in the update, Polygon Companies claims it is “the leading blockchain developer, offering scalable, affordable, secure and sustainable blockchains for Web3.”

Its growing suite of products “offers developers easy access to major scaling solutions including L2 (ZK Rollups and Optimistic Rollups), sidechains, hybrid, stand-alone and enterprise chains, and data availability.”

Polygon scaling solutions “have seen widespread adoption with 53,000+ decentralized applications hosted,1.94B+ total transactions processed, 164M+ unique user addresses, and $5B+ in assets secured.”

The network is “home for some of the biggest Web3 projects such as Aave, Uniswap and OpenSea and well-known enterprises including Stripe and Adobe.” Polygon claims it “is carbon neutral with the goal of leading the Web3 ecosystem in becoming carbon negative.”

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