Pessimistic proofs are live on Agglayer mainnet, improving security for cross-chain transactions
Polygon Weekly Overview - February 7, 2025
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By The Numbers
Polygon daily active users: 533.82K (-7.12%)
Polygon daily txns: 3.67M (+2.4%)
Polygon Total Volume Locked (TVL): $773.68M (-10.14%)
NFT weekly sales volume: $8.13M (+10.98%)
Top 3 NFT collections by sales volume:
Courtyard: $7.29M (-0.73%)
Voxies: $73.65K (-14.04%)
PyschoDolphins: $18.62K (-1.69%)
The percentages and metrics are based on a 7-day timeframe, unless noted otherwise.
Agglayer Spotlight
🟪What happened: Agglayer released v0.2, making pessimistic proofs live on mainnet for cross-chain security.
🟪Why does it matter: Pessimistic proofs create a security foundation by monitoring three key aspects: chain update accuracy, internal accounting verification, and cross-chain accounting consistency. These systems ensure chains can't withdraw more than they deposit in the Unified Bridge, protecting the entire network from individual chain issues.
The Unified Bridge is key for safe cross-chain transactions and joining liquidity across all AggChains. The pessimistic proofs also create a security boundary or "firewall" between chains. So, even if a chain becomes compromised, only funds within that specific chain are affected, protecting the broader network from potential threats.
Safe asset transfers across chains with different security models gives users and developers the confidence to perform multi-chain transactions freely. The security and flexibility of pessimistic proofs in Agglayer are key for unifying liquidity and users across all chains, creating a multistack future.
This upgrade is adding a stronger security foundation to the Agglayer. It unlocks the ability for various blockchain networks to safely connect to Agglayer for secure cross-chain interoperability. Previously, only chains built with Polygon CDK could connect to it, now other chains with different security models are able to tap into the Agglayer. Currently, chains without zero-knowledge proofs are on testnet and are looking to launch on mainnet soon.
🟪The big picture: Agglayer is on a path to becoming a unifying layer, creating a multi-chain and stack agnostic ecosystem. By supporting different technologies and making secure transactions a priority, Agglayer can help solve blockchain fragmentation across chains. With the upgrade to pessimistic proofs, Agglayer has made a significant step towards this by making secure cross-chain transactions a priority.
The ecosystem is also on the road to fast interop, with a goal of sub five second finality. The next upgrade, Agglayer version 0.3, is planned for release in Q1 of this year. This version will go even further to unify the blockchain ecosystem by enabling support for any EVM chains on Agglayer. These upgrades align Agglayers mission for creating a secure and interoperable ecosystem that can help improve user experiences and developers innovation onchain.
Into the AggLayer
Learn about the Socket.eth and Agglayer-powered chain abstractions that are helping developers build dApps across all chains
ICYMI: Watch the X Space with the Socket.eth team and Polygon Labs Co-Founder Sandeep Nailwal to learn more chain abstraction
Swell, a staking chain on Agglayer, has partnered with Euler Labs for borrowing, lending, and leverage
Read about how Lumia, the Agglayer RWA platform, can transform tokenization on Agglayer
QuickSwap, an Agglayer DEX, saw 109% increase of incoming volume at $414.53M over the past week
Ecosystem Showcase
Haust Network, an Agglayer DeFi chain, hit a record 1000+ TPS and 113M Gas/sec
Polygon Labs launched Miden Alpha Testnet v6 with functionalities that makes it easier and faster for end-users to create accounts
Read about Polygon’s integration of Entangle’s Universal Token Standard (UTS)
Learn about Quicknode and Fuse’s launch of a layer-2 chain tailored for businesses and built on Polygon CDK
Join in the fun
Want to dive into the Polygon ecosystem full-time? Find the latest job postings here.
Interested in developing an innovative idea? Join the Polygon Community Grants Program to receive funding to build in web3
Going to ETHDenver? Join the Agglayer Team at AggCave and AggDay
Tune in to the AMA on X with Lumia and Shyft Wallet to learn about their launch of a RWA chain native dApp
Learn how to collect the Petri Dish NFT Free Mint on Haust Network
Dive into the Polygon developer community and join the Discord
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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.