Log in

🎄 Cryptonary Christmas Sale! 50% OFF. Save $500 Now Only ⏰ : 0d 8h 39m 32s

News

Polygon expansion: Acquires Mir ETH scaling protocol for $400M

Updated: Jul 25, 2024
Published: Dec 10, 2021
0
Share:

Polygon, the platform behind the MATIC token, which is currently the 14th biggest cryptocurrency in the market, has acquired Mir Protocol, a platform that uses next-generation zk-rollups to scale Ethereum. The deal has been confirmed after a Dec 9 report and has cost the Network around $400M.

Post Feature Image

Polygon expands in a big way

Polygon continues to dominate other cryptocurrency-based platforms. Dubbed as Ethereum's most used scaling solution, the acquisition of Mir Protocol will now attract millions of users of Web 3 to the platform. Mir Protocol operates using the zk scaling solution, which is considered the fastest among all the available protocols. 

As per the report, the deal breaks down the required $400M into two. First, Polygon has to pay 190 million of its native MATIC, which is roughly worth around $429 million at the time of writing. Furthermore, the Ethereum scaling network also had to pay $100 million in USDC.

"We are introducing a recursive proof system that is orders of magnitude faster than anything else and is practical to verify on Ethereum. This is a huge win for the entire industry," said the co-founder of Polygon Network, Mihailo Bjelic.

Scaling solutions

Reports claim that the Polygon Network is building an arsenal of scaling solutions and is looking to take over the entire market. As the majority of altcoins remain bearish, the MATIC token has shown signs of bullish growth. With the acquisition of Mir Protocol, the Network has access to zk scaling technology which easily allows multiple ETH transactions to be verified in a single proof. 

Mir Protocol has solved the issue with slow zk proofs via the generation of faster recursive proofs. It seems that Polygon's primary focus is on building more and more scaling solutions as recently, the Network also announced a merger with Hermez Network, which will now be called Polygon Hermez.

Furthermore, the development of Polygon Nightfall is also in place, which is a "privacy-focused rollup build in collaboration with EY."

Continue reading by joining Cryptonary Pro

Save 50%

$997 $497/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

As a Cryptonary Pro subscriber, you also get:

  • 3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

3X Value Guarantee

If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.

Terms & Conditions apply

Star

Trusted by 300,000+ investors

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.

Recommended from Cryptonary
BTC, ETH and More: Key Levels Tested Again Across Majors
PRO
Market Updates
BTC, ETH and More: Key Levels Teste...Markets are moving fast, but direction remains elusive. Price has been active across majors, sweepin...
10 min read
Dec 19, 2025
Market Pulse: Bitcoin's Security Under Debate
Market Pulse
Market Pulse: Bitcoin's Security Un...Speculation around quantum computing threats to Bitcoin is ramping up, shaking confidence just as ri...
2 min read
Dec 19, 2025
AMA with Adam & Abror: 18th december
PRO
Livestreams
AMA with Adam & Abror: 18th decembe...In this conversation, Abror and Adam discuss the recent inflation data and its impact on the market,...
1 min read
Dec 19, 2025