Polygon Ecosystem Advances with L2 Restaking Platform
Polygon Ecosystem Advances with L2 Restaking Platform
🌊 Polygon's Scaling Wave
Swell Network is developing a Layer 2 restaking platform utilizing Polygon's Cosmetic Diffusion Kernel (CDK) and integrating with the Aggregation Layer. This innovation is facilitated by collaborations with Alt Layer, Eigen, and Chainlink. The Polygon ecosystem continues to push the boundaries of decentralized finance scalability and efficiency through zero-knowledge technology.
The aggregation wave continues 🌊 @swellnetworkio is developing a L2 restaking platform with Polygon CDK and plugging into the AggLayer. made possible by @alt_Layer, @eigen_da and @chainlink Innovation in the Polygon ecosystem is next-level, enhancing DeFi scalability and
Swell is building the L2 for restaking!✨ Swell's very own zkEVM—powered by @0xPolygon CDK and built in collaboration with @eigen_da and @Alt_Layer—will be underpinned by @Chainlink services to help kickstart dApp adoption. The revolution begins here: swellnetwork.io/post/restaking…
Polygon Announces Support for Ethereum Pectra Upgrade
Polygon has confirmed support for Ethereum's upcoming Pectra upgrade featuring EIP-7702, marking a significant advancement in wallet functionality. Key updates: - EOAs (Externally Owned Accounts) will gain smart account features - Enhanced user experience for onchain payments - Improved infrastructure for real-world asset (RWA) adoption The upgrade is already implemented in Agglayer via Agglayer CDK, with current support for rollups built using CDK OP Stack. Additional stack support is expected in the near future. *Technical implementation is progressing as planned, with the upgrade focused on improving Ethereum's scalability and usability.*
Polygon Q1: Stablecoin Activity Surges with 23% Supply Growth
Polygon's Q1 2025 metrics show significant growth in stablecoin activity. Key highlights: - Total stablecoin supply increased 23% - Active stablecoin wallets up 30% - Individual stablecoin growth: * USDC: 31% * USDT: 13% * DAI: 47% Broader ecosystem metrics: - Daily active wallets: 550K - Daily transactions: 3.4M - Positive growth in DeFi, bridges, and NFT activity Full details available in [Messari's State of Polygon Q1 2025 Report](https://messari.io/report/state-of-polygon-q1-2025)
Polygon Labs Launches PetraVM: Next-Gen zkVM Using Binary Field Towers
Polygon Labs and Irreducible have unveiled PetraVM, an open-source zkVM that aims to optimize performance and reduce proving costs through binary field towers technology. Key developments: - Uses innovative binary towers approach, potentially faster than current ZK methods - Designed to enable secure interoperability on Agglayer - Built by research team led by @RobinSalen, @_bfarmer, and @dlubarov This follows Polygon's recent launch of Plonky3, a modular toolkit for building customized zkVMs. The project continues Polygon's commitment to open-source ZK development, joining their suite of tools including Type 1 ZK-EVM prover and Pessimistic Proofs. [View PetraVM documentation](https://github.com/PetraProver/PetraVM)
Polygon Hits $2.3B Stablecoin Milestone Amid Ecosystem Growth
Polygon's ecosystem shows significant growth across multiple sectors: - Stablecoin supply reaches $2.3B milestone - Monthly stablecoin transfer volume through dApps increased from $12B to $118B (+883%) - P2P transfers grew 42% from $3.3B to $4.7B **NFT & DeFi Highlights:** - Courtyard.io leads NFT markets with $66M April sales volume - MorphoLabs expands lending opportunities via Compound vaults on Polygon The network demonstrates sustained growth in stablecoins, NFTs, and DeFi sectors, establishing itself as a major Web3 infrastructure.
Stripe Enables Global Stablecoin Payments via Polygon
Stripe has launched stablecoin functionality across 100+ countries, enabling businesses to receive, store, and send funds using both fiat and Polygon rails. Key points: - Over 3M stores can now accept USDC payments through Stripe - Businesses can receive fiat while customers pay in USDC - Stablecoin payments fee: 1.5% vs traditional card payments: 2.9% - Stablecoin market reached $230B in February The integration demonstrates blockchain's potential for more efficient payment systems, with lower fees than traditional methods. This development signals growing mainstream adoption of crypto payment solutions.