Polyhedra Network PriceZKJ

As of June 10, 2025, the cryptocurrency market is experiencing significant developments, with notable price movements and strategic initiatives by major financial institutions. This report provides an in-depth analysis of the current market trends and key events shaping the crypto landscape.

Market Overview

The cryptocurrency market is witnessing substantial activity, with leading digital assets showing notable price movements.

• Bitcoin (BTC): Currently trading at $109,471, Bitcoin has seen an increase of $2,754 (2.58%) from the previous close. The intraday high reached $110,290, while the low was $106,639.

• Ethereum (ETH): Ethereum is priced at $2,690.48, marking a rise of $178.74 (7.12%). The day's high and low are $2,720.30 and $2,511.07, respectively.

• BNB (BNB): Trading at $661.29, BNB has increased by $9.17 (1.41%), with an intraday high of $668.51 and a low of $652.12.

• XRP (XRP): XRP stands at $2.29, up by $0.03 (1.33%). The highest and lowest prices today are $2.33 and $2.24, respectively.

• Cardano (ADA): ADA is valued at $0.69458, reflecting a gain of $0.02551 (3.81%). The intraday high is $0.714501, with a low of $0.666908.

• Dogecoin (DOGE): DOGE is trading at $0.192008, up by $0.00722 (3.91%). The day's high and low are $0.196017 and $0.183082, respectively.

• Polkadot (DOT): DOT is priced at $4.14, marking an increase of $0.09 (2.22%). The intraday high reached $4.21, with a low of $3.99.

• Litecoin (LTC): LTC stands at $90.07, up by $2.02 (2.29%). The highest and lowest prices today are $91.39 and $87.80, respectively.

• Bitcoin Cash (BCH): BCH is trading at $422.72, reflecting a gain of $3.91 (0.93%). The intraday high is $429.36, with a low of $417.45.

• Chainlink (LINK): LINK is valued at $14.57, up by $0.80 (5.81%). The day's high and low are $14.61 and $13.76, respectively.

Societe Generale's Entry into Stablecoins

In a significant development, French banking giant Societe Generale has announced the launch of a dollar-backed stablecoin named "USD CoinVertible" through its crypto subsidiary, SG-FORGE. This initiative positions Societe Generale as the first major European lender to introduce a dollar-pegged cryptocurrency.

The USD CoinVertible will operate on the Ethereum and Solana blockchains and is slated for public trading starting in July. BNY Mellon will serve as the custodian for its reserves, ensuring robust backing for the stablecoin.

This move follows SG-FORGE's earlier launch of a euro-denominated stablecoin in 2023, which has seen limited adoption with €41.8 million in circulation. Stablecoins, cryptocurrencies pegged to traditional currencies like the dollar, facilitate seamless large-scale money transfers without relying on traditional banking systems.

SG-FORGE aims to utilize USD CoinVertible for various applications, including crypto trading, cross-border payments, foreign exchange transactions, and collateral management. The token is also expected to be listed on multiple crypto exchanges, enhancing its accessibility and liquidity.

Implications for the Crypto Market

Societe Generale's foray into the stablecoin market signifies a growing acceptance and integration of cryptocurrencies within traditional financial institutions. By launching a dollar-pegged stablecoin, the bank aims to provide a secure and regulated digital asset that can be used for a variety of financial operations.

This development could potentially influence other major banks to explore similar ventures, further bridging the gap between conventional banking and the crypto ecosystem. Moreover, the introduction of USD CoinVertible may contribute to increased stability and trust in the cryptocurrency market, attracting more institutional investors.

Conclusion

The cryptocurrency market on June 10, 2025, is marked by notable price movements among leading digital assets and strategic initiatives by established financial institutions. Societe Generale's launch of the USD CoinVertible stablecoin underscores the evolving landscape of digital finance, where traditional banks are increasingly embracing blockchain technology and cryptocurrencies.

As the market continues to mature, such developments are likely to play a pivotal role in shaping the future of global finance, offering new opportunities and challenges for investors and institutions alike.

Polyhedra Network is a pioneering platform that leverages zero-knowledge proof (ZKP) technology to enhance interoperability, scalability, and privacy within the Web3 ecosystem. By facilitating seamless communication across diverse blockchain networks, protocols, and systems, Polyhedra Network aims to bridge existing gaps and foster a more interconnected decentralized environment.

Core Components of Polyhedra Network

1. zkBridge: This flagship product offers a trustless and efficient cross-chain interoperability solution. Traditional cross-chain methods often depend on trust assumptions, making them susceptible to security vulnerabilities. zkBridge addresses this by utilizing ZKP to verify consensus between different blockchains without external trust requirements, enabling secure asset transfers, message passing, and data sharing across various networks.

2. Distributed Proof Generation Network: To enhance the performance of its ZKP systems, Polyhedra Network has developed a Distributed Proof Generation Network. This network incorporates advanced technologies like deVirgo and paraPlonk to accelerate proof generation and reduce on-chain verification costs. deVirgo optimizes parallelism and minimizes communication overhead, allowing zkBridge to operate up to 100 times faster than traditional methods. paraPlonk further enhances scalability by enabling large-scale distributed proof generation, paving the way for decentralized zkRollup and zkEVM solutions.

3. zkDID: In its mission to integrate Web3 with the broader internet, Polyhedra Network introduces zkDID—a scalable and interoperable decentralized identity solution. Built on the principles of soul-bound tokens (SBTs) and verifiable credentials, zkDID aims to onboard billions of internet users onto Web3 infrastructures and applications. It empowers users with control over their personal information through stealth address mechanisms powered by ZKP, supporting millions of verifiable credentials per second while ensuring compatibility with W3C standards and various data types.

Market Performance and Tokenomics

As of June 11, 2025, Polyhedra Network's native token, ZK, holds a market capitalization of approximately $229.2 million, with a fully diluted market cap of around $2.04 billion. The token is ranked #162 in the cryptocurrency market. ZK has a total supply of 1 billion tokens, serving as the primary medium for transactions, computational services, and incentivizing network participation within the Polyhedra ecosystem.

Listing on Bitget Exchange

Polyhedra Network's ZK token was listed on Bitget Exchange on March 19, 2024, in the Innovation, Web3, and ZK Zone. This listing provided users with the opportunity to trade ZK/USDT pairs and participate in Spot Grid Trading. Additionally, Bitget launched a promotional campaign, offering a share of 200,000 ZK tokens through its Launchpool platform, allowing users to stake BGB or USDT to earn ZK rewards.

Conclusion

By harnessing the power of zero-knowledge proof technology, Polyhedra Network is breaking down barriers and paving the way for a more interconnected, scalable, and privacy-centric decentralized ecosystem. With products like zkBridge, the Distributed Proof Generation Network, and zkDID, Polyhedra Network is poised to shape the future of the internet, driving innovation and empowering users to embrace the full potential of Web3.