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: 824.05K (+8.67%)
Polygon daily txns: 2.98M (-9.7%)
Polygon Total Volume Locked (TVL): $864.28M (+0.54%)
NFT weekly sales volume: $5.72M (-37.83%)
Courtyard: $1.17M
Matr1X Fire Weapon: $717.7K
STEPNGO: $265.7K
The percentages and metrics are based on a 7-day timeframe, unless noted otherwise.
AggLayer Spotlight
🟪What happened: Polygon Labs and Fabric Cryptography joined forces to integrate custom zero-knowledge (ZK) chips into the AggLayer development.
🟪Why does it matter: Polygon Labs invested $5 million in Fabric's Verifiable Processing Units (VPUs) in hopes to reduce the time required for adopting ZK proofs, according to an announcement on Tuesday.
As ZK proofs are foundational to ensuring privacy and verification across blockchains, this collaboration could provide chains in the AggLayer with real-time, low-cost ZK proofs that can enhance both security and performance.
The incorporation of VPUs into blockchains can also reduce the operational costs of implementing ZK proofs. In turn, this could attract developers and projects to build on, or connect to, the AggLayer.
The integration of ZK proofs and development of the AggLayer could provide a more integrated blockchain environment. If this collaboration can shorten the timeline of ZK adoption, decentralized applications and financial systems can interact across different networks and in turn make blockchain technology more accessible to everyday users.
🟪The big picture: The AggLayer envisions unified liquidity and security across multiple chains and accelerate the progression of ZK technology, which in turn could make interoperability more safe and efficient.
For everyday users, this collaboration can facilitate faster and more affordable transactions across multiple blockchains via VPUs.
In the long run, this initiative could fast-track ZK-proof adoption across the broader blockchain industry and show that secure and privacy-focused applications can co-exist.
The ability to cut costs and create more time-efficient options can position the AggLayer as a critical infrastructure layer for other networks aiming for seamless cross-chain functionality.
If this collaboration can accelerate ZK-proof generation for the AggLayer and the full suite of ZK-powered projects such as Polygon zkEVM, Polygon Miden, Polygon CDK projects, the entire ecosystem can enable near real-time interoperability.
Into the AggLayer
Check out this blog article that dove into the AggLayer and all the projects contributing to its growth
A combination of 36 chains, protocols, and services are contributing to the AggLayer ecosystem (see graphic below)
Over 7.04B MATIC has been migrated to POL, which accounts for 70% of tokens, reported by Dune Analytics user spaceharpoon
X Layer, an L2 that will connect to the AggLayer, hosted its event during Korea Blockchain Week – check out this video to relive the moments
Ecosystem showcase
The Polygon PoS network surpassed 21.5M transactions over the last 7 days, which is a 2.55% growth compared to its previous 20.9M transaction count last week
Polymarket, an onchain predictions market built on Polygon PoS, surpassed $34.6M in daily volume, according to Dune user rchen8 (see chart below)
Time Raiders announced it will integrate Immutable zkEVM technology to its web3 game in hopes to provide faster transactions
Tune in to QuickSwap’s Aggregated space that will dive into memecoins on the Polygon PoS network
Featured headlines
You might have seen these Polygon-related headlines recently…
“OurNetwork” created its ON–269: Polygon Mega Issue, an ecosystem report that dove into everything Polygon
Prediction markets are the killer blockchain app we've been waiting for – Read this Cointelegraph article by Brian Trunzo, global head of business development at Polygon Labs
Polygon Labs’ Chief Legal and Policy Officer Rebecca Rettig spoke about DeFi in front of the U.S. House of Representatives Subcommittee – Watch the full hearing here
Join in the fun
Want to dive into the Polygon ecosystem full-time? Find the latest job postings here.
Meet up with members from the Polygon community in Singapore on Sept. 19 for FAFO Night
Join the community for Aggregation Summit, an event 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.