The Polygon AggLayer aims to unify the complete Web3 space, encompassing all siloed blockchain networks, according to Polygon Labs’ CEO.
The AggLayer, which is short for aggregation layer, is a cross-chain interoperability protocol that Polygon intends to implement to establish connections between blockchain networks.
Marc Boiron, the CEO of Polygon Labs, has stated that the ultimate objective of AggLayer is to establish a connection between all blockchain networks, including Layer 1 (L1) networks such as Ethereum and Solana.
In an exclusive interview with Cointelegraph, Boiron disclosed the following:
“When you think of Polygon 2.0, you need to bring together the idea of thematic to pull upgrade together with Polygon CDK to allow for that infinite scalability and then the AggLayer to unify all of it…”
On September 4, the MATIC token of Polygon underwent a significant technical upgrade, creating the new Polygon Ecosystem Token (POL). This “hyperproductive” token can support the network’s expansion and ultimate vision.
AggLayer is about “connecting all of Web3” -Polygon Labs CEO
The POL token’s technical migration was a critical component of the vision of Polygon 2.0, the final evolution of the Polygon CDK and AggLayer, which is to unify all blockchains by enabling “infinite scalability.”
According to Boiron, unlike other interoperability solutions, the AggLayer is not ecosystem-specific but instead concentrates on connecting the entire Web3 space.
“Unlike every other interoperability solution that is very focused on its own ecosystem, AggLayer is there to connect all of Web3… It’s not just about L2s, it’s not just about L1s. It’s not just about Ethereum. It’s about literally bringing it all together…”
The user experience of crypto holders is becoming increasingly problematic due to the fragmentation between the primary L1 blockchains. The cost of bridging between the primary networks is high, and there are security risks associated with cross-chain vulnerabilities.
Significance of blockchain interoperability
Blockchain interoperability is one of the most urgent issues in the industry.
Cross-chain interoperability solutions are necessary because L1 blockchains are isolated systems and lack a means of communication.
Cross-chain infrastructure development is challenging due to the need for compatibility between blockchains, which results in vulnerabilities in these third-party protocols.
In December 2023, an unknown vulnerability resulted in the hacking of Orbit Bridge, a cross-chain interoperability solution, for $82 million. In June 2024, the perpetrator was still on the run with the funds, having transferred $48 million in cryptocurrency to Tornado Cash.
Vitalik Buterin, the co-founder of Ethereum, has made preparations to address the interoperability issue between Ethereum L2s at the beginning of August.
