Welcome back to the Polygon Weekly Overview. The best place for Polygon community members to get up to speed on the chain’s latest updates, metrics, releases, insights, ecosystem developments and more. All in one place.
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By The Numbers
Polygon daily active users: 758.3K (+1.06%)
Polygon daily txns: 3.3M (+14.19%)
Polygon Total Volume Locked (TVL): $859.61M (-3.38%)
NFT weekly sales volume: $9.2M (-9.98%)
Courtyard: $1.28M
STEPNGO: $1.11M
Matr1x Fire Weapon: $1.01M
The percentages and metrics are based on a 7-day timeframe, unless noted otherwise.
AggLayer Spotlight
🟪What happened: Bethel, a zero-knowledge proof (ZKP) data protection and privacy protocol, announced it will deploy to the AggLayer.
🟪Why does it matter: Bethel’s “zkpStorage” platform leverages Polygon’s Chain Development Kit (CDK) and integrates to the AggLayer with hopes to offer secure and scalable data management. Bethel also integrates Privado ID to provide users identity management and data privacy.
Bethel aims to bring ZKP-powered solutions to the AggLayer ecosystem and improve transaction speeds, privacy, and scalability issues that thwart developers today. Additionally, Bethel looks to enhance cross-chain capabilities and contribute toward the problem of modular fragmentation, something the AggLayer also hopes to accomplish.
Bethel’s platform also capitalizes on the “bridgeAndCall()” functionality, provided by the AggLayer, allowing developers to execute smart contracts across chains. This opens up new possibilities for decentralized data management where assets, contracts, and information alike can flow freely and securely between different chains.
If Bethel can overlay already existing infrastructure with ZKP technology, the protocol can ensure that businesses can protect their data while embracing the decentralized future of blockchain technology. With chain interoperability transitioning from an optional feature, to a mandatory one, Bethel can help pave the way for future innovations in data management and privacy between chains that integrate with the AggLayer.
🟪The big picture: As the AggLayer aggregates ZKPs and unifies liquidity, Bethel's ZKP technology can strengthen the privacy of the entire ecosystem and pave the way for more decentralized identity management and cross-chain transactions.
The launch of Bethel combines ZKP with the interoperable framework of the AggLayer. Alongside the integration of Polygon CDK and connection to the AggLayer, this shows the protocol’s commitment to interoperability.
In turn, developers can easily build zk-powered solutions across different blockchain networks, foster seamless interactions between systems and enhance overall network functionality.
Into the AggLayer
Swell revealed its building a L2 using the Polygon CDK and will connect to the AggLayer
Polygon completed its MATIC to POL migration this past Wednesday – here’s what you can look forward to
X user luganodes created a post that covered the POL migration and what it can offer
Check out this data analytical overview of the POL migration, created by Dune user spaceharpoon
Watch this interview of Polygon Labs’ VP of Product David Silverman talking about the AggLayer and modular fragmentation
Ecosystem showcase
WAGMI Games announced it will release a web3 game on Immutable zkEVM
Polygon Labs released an update to Polygon Miden Alpha, v4 of its testnet
Explore the 70+ dApps and games that are a part of the Ronin ecosystem and building using the Polygon CDK (shown below)
Featured headlines
You might have seen these Polygon-related headlines recently…
The Polygon MATIC to POL Upgrade Explained (blocmates)
Prefer visuals? Blocmates also created a video explaining the migration
AggLayer will connect all Web3, including L1s like Ether and Solana — Polygon Labs CEO (Cointelegraph)
Join in the fun
Want to dive into the Polygon ecosystem full-time? Find the latest job postings here.
Apply to join the Polygon Startup Support Tribe – a community aimed to help builders contributing to the Aggregation Layer
Attend the Aggregation Summit, hosted by Polygon Labs, in Bangkok, Thailand from Nov. 10-11
Want to be a speaker? Submit your application here
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.