AggLayer connects all of Web3, including Ether and Solana: CEO of Polygon Labs.
Polygon's ultimate vision is to unify the entire Web3 space, including all blockchain networks.
Polygon achieves this with an AggLayer – short for Aggregation Layer – which is similar to the on-chain interoperability protocol used to connect blockchain networks.
Ultimately, AggLayer aims to connect the entire blockchain space, including Layer 1 (L1) networks like Ethereum and Solana, said Marc Boiron, CEO of Polygon Labs.
Boyron told Cointelegraph in an exclusive interview:
“When you think about Polygon 2.0, it's about bringing together the idea of the theme to make improvements with the Polygon CDK for that infinite dimension, and then AggLayer to bring it all together…”
Interview of Polygon Labs CEO Marc Boiron with Zoltan Vardai of Cointelegraph. Source: YouTube
The Polygon (MATIC) token underwent a key technical update on September 4th, the new Polygon Ecosystem Token (POL) – a “high productivity” token that serves the network's growth and ultimate vision.
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AggLayer is about “connecting all Web3” – CEO of Polygon Labs
Pole Token's technical migration was an integral part of Polygon's 2.0 vision – the ultimate evolution of Polygon's CDK and Aglier – which aims to provide “unlimited scalability” to unify all blockchains.
Unlike other communication solutions, AggLayer is not ecosystem-specific, but focused on connecting the entire Web3 space, Boyron explained.
“Unlike other networking solutions that focus 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 literally bringing it all together…”
Interview of Polygon Labs CEO Marc Boiron with Zoltan Vardai of Cointelegraph. Source: YouTube
Splitting between major L1 blockchains is a growing user experience issue for crypto holders. Coupling between core networks is costly and poses security risks due to cross-chain vulnerabilities.
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Blockchain's scalability problem and why it matters.
Blockchain interoperability is one of the industry's biggest concerns.
Since L1 blockchains are siled systems, they have no way to communicate with each other, which is why there are cross-chain interoperability solutions.
The lack of compatibility between blockchains makes cross-chain infrastructure difficult, leading to the vulnerability of these third-party protocols.
In December 2023, cross-chain interoperability solution Orbit Bridge was hacked for $82 million in an unknown vulnerability. After transferring $48 million worth of crypto to Tornado Cash, the hacker was absconding with the money in June 2024.
Many prominent blockchain founders are working on the issue of interoperability, including Ethereum founder Vitalik Buterin, who in early August announced plans to address cross-chain interoperability between Ethereum L2s.
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