Polymesh
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🚨 It's official: the POLY to POLYX Upgrade Bridge is now closed!
The closure marks an important milestone in the evolution of Polymesh, reflecting the maturation of the ecosystem and overwhelming confidence for POLYX.
Key achievements include:
📍Successful upgrade of over 890 million POLY tokens, (~89%+ of the POLY supply)
📍100% uptime with zero security vulnerabilities – a remarkable feat for an industry rife with exploit
In 2022, token bridge exploits led to a loss of over $4 billion, and while 2023 experienced less year-over-year loss, high-profile hacks continued to plunder user funds as large as $200 million per network. The POLY to POLYX Upgrade Bridge has shown exceptional security, remaining incident-free throughout its entire operation – a testament to the networks’ robust security.
The decision to close the Upgrade Bridge is strategic, reflecting Polymesh’s achievements and support to date and a preference for reallocating resources toward future development.
See the official announcement on the Polymesh blog: https://polymesh.network/blog/polymesh-celebrates-closure-of-poly-to-polyx-upgrade-bridge
A final $POLYX snapshot counting POLY bridged to POLYX 🙌🏼🌟🙌🏼🌟 https://t.co/bSuGPELX7I
The closure marks an important milestone in the evolution of Polymesh, reflecting the maturation of the ecosystem and overwhelming confidence for POLYX.
Key achievements include:
📍Successful upgrade of over 890 million POLY tokens, (~89%+ of the POLY supply)
📍100% uptime with zero security vulnerabilities – a remarkable feat for an industry rife with exploit
In 2022, token bridge exploits led to a loss of over $4 billion, and while 2023 experienced less year-over-year loss, high-profile hacks continued to plunder user funds as large as $200 million per network. The POLY to POLYX Upgrade Bridge has shown exceptional security, remaining incident-free throughout its entire operation – a testament to the networks’ robust security.
The decision to close the Upgrade Bridge is strategic, reflecting Polymesh’s achievements and support to date and a preference for reallocating resources toward future development.
See the official announcement on the Polymesh blog: https://polymesh.network/blog/polymesh-celebrates-closure-of-poly-to-polyx-upgrade-bridge
A final $POLYX snapshot counting POLY bridged to POLYX 🙌🏼🌟🙌🏼🌟 https://t.co/bSuGPELX7I
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