The Block Crypto News11 minutes ago

Published on July 30, 2024 15:01 GMT+00:00edited on July 30, 2024 15:04 GMT+00:00

San Francisco-based blockchain development firm Movement Labs has joined Polygon’s AggLayer for Ethereum Layer 2s, coinciding with Movement’s public testnet launch.

AggLayer is an interoperability layer currently under development by Polygon Labs designed to facilitate unified liquidity and security across the Polygon 2.0 network of Layer 2 chains. AggLayer helps link these chains and settle ZK-based security proofs back on Ethereum to secure them at once, simplifying the process of converting or securely transferring native Ethereum assets from one chain to another.

Movement is the first Move-based ecosystem to utilize the AggLayer and help bridge the gap between the Move and EVM ecosystems, the project said on Tuesday in a statement shared with The Block. It enables Ethereum …