One of the main obstacles to crypto adoption, as identified by blockchain developers, is the lack of interoperability between solutions. This prevents users from seamlessly switching between applications on different networks, as they can in Web 2.0.

Among the firms seeking to tackle this challenge is Polygon (MATIC) Labs, the team behind the eponymous Ethereum scaling solution. Over the past year, the team has proposed an aggregated blockchain architecture seeking to horizontally connect as many chains as possible on top of Ethereum using zero-knowledge technology so that they feel like a single chain.

In a development marking a significant milestone in Polygon’s plans, Movement Labs, the team behind the eponymous network of MoveVM chains building on top of Ethereum, has revealed plans to plug into the AggLayer, the interoperability solution at the heart of Polygon’s aggregated chain architecture.

Movement Labs X Polygon (MATIC) Labs

MoveVM Chains are coming to the AggLayer. In a move tipped to open the altVM “floodgates” to Polygon’s multichain ecosystem, on Wednesday, July 30, Polygon (MATIC) Labs disclosed that Movement Labs has chosen the AggLayer to unify liquidity across MoveVM Layer 2 chains in a move that will also seamlessly connect these MoveVM chains with other AggLayer chains and Ethereum.

The MoveVM is an open-sourced chain-agnostic smart contract execution engine based on the Move programming language. Meta’s (formerly Facebook) cryptocurrency project team, Libra, initially developed it. The altVM, designed with scalability and security in mind, has since been adopted by new-generation blockchains like Aptos and Sui.

Movement Lab contributes to the growth of the Move ecosystem and is currently focused on building a network of MoveVM Layer 2 chains on Ethereum. This will allow developers to combine Move’s smart contract security with Ethereum’s economic security. As Polygon Labs highlighted, the integration with the AggLayer “effectively bridges the gap between Move and EVM ecosystems.”

The integration also coincides with the launch of Movement Network’s testnet, which already boasts $160 million in committed TVL, coming from Solv, a protocol pioneering a Decentralized Bitcoin Reserve, and other investors, including 280 capital, per a Movement Labs statement.

Meanwhile, beyond the Movement Network and its current crop of chains, Movement Labs’ Move Stack, which supports the design of parallel executing MoveVM rollups, will offer developers the option of plugging into the AggLayer.

Movement Labs’ AggLayer integration has been tipped to mark an important milestone in Polygon’s mission of connecting all of Web3 to Ethereum.

Polygon (MATIC) “Another Step Closer?”

Commenting on the recent Movement Network integration, Polygon (MATIC) Labs CEO Marc Boiron asserted that the firm was “another step closer” to achieving its goals of bridging Web3 to Ethereum.

"The AggLayer's mission is to unify Web3 in its entirety by bringing together as many users, developers, programming languages, different smart contracts and chains, and liquidity as possible. The introduction of chains within the Movement network to the AggLayer accelerates this mission, bringing Web3 another step closer to unlimited global interoperability," Boiron posited.

Movement Labs joins projects like Astar zkEVM, Immutable, Palm Network, and OKX’s X Layer that are already connected or planning to connect to the AggLayer to share liquidity among themselves and Ethereum.

Source : DailyCoin - Jul 30, 2024