Polygon has said that Union is bringing Cosmos to AggLayer to facilitate cross-chain transactions and inter-network communication better. It will fundamentally leverage zero-knowledge proofs to allow sovereign chains to share liquidity and state safely. Union will ensure a seamless transfer of assets and message passing between IBC and all chains of AggLayer.
Interestingly, Union is not the only AggLayer integration. Previous integrations include Polygon zkEVM, X Layer, and Astar zkEVM. This positions AggLayer, short for Aggregation Layer, to become one of the largest crypto networks regarding transaction volume, aggregated users, and total value locked—TVL.
Polygon has called this a big step in the post not just for its native ecosystem but also for Cosmos and Union plus AggLayer, stating that it effectively opens the doors for transactions, building across networks, developing a smoother UX, and tapping aggregated users.
Cosmos has been selected for the integration because of its architecture – it places Cosmos in the best seat from where it can guide shared liquidity and state across sovereign. The development is more than a win-win situation; it is more of a win-win-win scenario wherein the free flow of native asset liquidity across networks helps users make the best of the ecosystem.
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Other benefits include freedom for technical innovation, no restriction on liquidity movement, and a single-point connection for interoperability.
The announcement has practically worked for MATIC, Polygon’s native token. It has increased by 1.28% in the last 24 hours and was listed at $0.6668 when this article was written. However, the value has plummeted by 24.88% and 30.15% in the last 7 days and 30 days, respectively. It came after Polygon announced the launch of the X layer by OKX to allow more than 50 million users to tap into the unified liquidity of the AggLayer.
That has made X Layer the third protocol to do so, previously featuring Polygon zkEVM and Astar EVM.
OKB, the native token of OKX, will be the native token of X Layer and will be utilized to pay gas fees on the network. As for Polygon, specifically, Polygon Labs has been awarded ISO 27001 Certification. This development dates back to April 15, 2024, mentioning that the certification has been awarded for its information security management systems.
Circling back to Union bringing Cosmos to AggLayer, Polygon is confident about the integration hitting all the right chords. The ideal goal is to boost cross-chain transactions and inter-network communications. They will utilize Zero-knowledge proofs to ensure that sovereign chains safely share liquidity and state. Union is now officially a part of the ecosystem that already houses X Layer, Polygon zkEVM, and Astar zkEVM.
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Moving forward, it remains to be seen how effective the integration is and how well benefits are distributed among developers and users to maintain balance within the ecosystem.
