Movement Labs and Polygon Labs have announced their partnership to be part of AggLayer. The move marks an important advancement in the interoperability of blockchains.
It will also enable the integration of liquidity between MoveVM-based layer-2 chains (connected to AggLayer) and Ethereum.ETH), positioning Movement Labs The first Move ecosystem to use this technology.
It coincides with Movement Labs’ public testnet launch which already has $160 in Total Value Locked committed (TVL). Solv Protocol is a key contributor, committing to TVL of $100 million, as well as new and old investors like 280 capital, who contributed $60 million.
Blockchain interoperability
AggLayer is operational since February. It aims at consolidating liquidity between different blockchain networks in order to solve the problem of fragmented liquiditiy.
Celestia is used to create the (TIAThe data accessibility layer () is a solution that provides an efficient, high-throughput off-chain storage of transactional data while still maintaining Ethereum security standards. Movement Labs can now establish a secure, efficient and reliable system. interoperable blockchain environment.
Echelon is one of the key projects on the testnet. Other important ones include Moveposition, Meridian and Avitus. The collaboration is a major step in the launch of Movement Labs mainnet, increasing interoperability within blockchain and encouraging innovation.
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Source: crypto.news