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: 611K (+6.06%)
Polygon daily txns: 2.61M (-3.33%)
Polygon Total Volume Locked (TVL): $894.19M (-3.76%)
NFT weekly sales volume: $9.22M (+55.49%)
BTCat: $2.2M
Bored Ape (Polygon): $1.15M
Rekt Dogs: $866.2K
The percentages and metrics are based on a 7-day timeframe, unless noted otherwise.
AggLayer Spotlight
🟪What happened: Humanity Protocol, a digital identity-focused layer-2 blockchain, launched its testnet.
🟪Why does it matter: Humanity Protocol's first rollout of its testnet can bring the network a step closer to proof-of-humanity (PoH) on the AggLayer. PoH aims to verify that a user is real, opposed to a bot or AI system, without revealing who they are or private information.
The network leverages the Polygon Chain Development Kit and zero-knowledge (ZK) technology in hopes of providing a more secure private identity validation method.
As the world becomes more digital and the rise of AI continues, it’s important to preserve genuine humane interactions and discern between real and fake. If not, it could lead to increased risks of digital identity theft, among other concerns.
However, ZK technology and PoH mechanisms aim to alleviate these risks by generating verification steps that can’t be done by a bot, to prove human ownership. As Humanity Protocol integrates into the AggLayer, it can begin to mitigate the risks tied to centralized data storage systems. The AggLayer aims to make more interconnected systems, and with the current risks that centralized systems carry, this implementation can solve this issue.
🟪The big picture: Data fragmentation is inhibiting AI from reaching its full potential at the moment. However, AI is not a total liability, but can rather be used as an asset when utilized correctly.
Majority of traditional technologies are not scaling to meet the need for more computations. But the integration of AggLayer technology can act as a solution for this.
As the three-phase launch of Humanity Protocol’s testnet rolls out, it could become a go-to case study of how the integration of the AggLayer can break the barrier between real world identity and one’s digital self.
Into the AggLayer
Polygon Labs team spoke on an X space about what the AggLayer is trying to solve
Read about how the AggLayer is empowering the Haust Network in this article by Poko on Medium
Headed to Permissionless? Join AggDay for a full afternoon filled with conversations pertaining to the AggLayer - details here
Ecosystem Showcase
Ronin announced it will launch Ronin Waypoint, a feature that will bring sponsored transactions to the network
X user anzaisrekt created a thread that showcased projects in the Polygon ecosystem
Token Tails shared its play-to-save web3 game will launch on Immutable zkEVM
Polymarket daily volume hit an all-time high of $91.77M on Oct. 3, according to data on Dune Analytics
Featured headlines
You might have seen these Polygon-related headlines recently…
DePIN: Reshaping the Internet and Empowering Users – Polygon exec (Cointelegraph)
Join in the fun
Want to dive into the Polygon ecosystem full-time? Find the latest job postings here.
Join the Polygon community for a happy hour after AggDay at Permissionless on Oct. 10 in Salt Lake City
If you’re a developer using Plonky3, applications for the Open Source Grants Program are open until Oct. 11
Attend the Aggregation Summit in Bangkok, Thailand from Nov. 10-11
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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.