• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Celestia and Polygon Labs join forces to transform layer 2 dynamics

Celestia and Polygon Labs join forces to transform layer 2 dynamics

user avatar

by Liza Tanasova

2 years ago


Celestia and Polygon Labs have joined forces to integrate Celestia’s data availability layer with Polygon’s Chain Development Kit (CDK), signaling a significant advancement for Layer 2 projects within the Polygon 2.0 ecosystem. This collaboration is particularly beneficial for projects like OKX, Immutable, Astar, IDEX, and Palm Network, all of which operate as interoperating Layer 2 chains within the Polygon ecosystem.

Layer 2 networks, built using Polygon’s CDK, leverage zero-knowledge rollup technology, consolidating off-chain transactions onto the mainnet. The challenge lies in Ethereum's lack of a specific execution environment for its Data Availability (DA) layer, leading to on-chain processing and storage of data indefinitely, resulting in higher gas fees for Layer 2 solutions.

Celestia's innovative approach provides a solution to this challenge by offering storage bandwidth to multiple Layer 2 networks concurrently. This allows networks to operate light nodes and facilitates streamlined DA verification without overwhelming the network. In the words of Polygon co-founder Sandeep Nailwal, "Combined with interoperability and unified liquidity provided by Polygon 2.0, Celestia’s out-of-the-box solution will make creating new L2 chains as simple and affordable as deploying a smart contract."

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Accumulation by Larger Holders Underscores Divided Market Strategy

chest

Accumulation by larger holders underscores a divided market strategy, with major XRP holders increasing their holdings while retail investors sell.

user avatarJesper Sørensen

SARB Plans Comprehensive Crypto Regulation by 2026

chest

The South African Reserve Bank (SARB) plans to finalize a comprehensive regulatory framework for cryptocurrencies and stablecoins by 2026 to address risks in the current regulatory landscape.

user avatarRajesh Kumar

Lighter Launches as a Zero-Fee Ethereum Layer 2 DEX

chest

Lighter, a new decentralized exchange on Ethereum Layer 2, introduces a zero-fee trading structure aimed at retail users.

user avatarFilippo Romano

Partnerships and Collaborations Enhance Chainlink's Market Presence

chest

Chainlink's collaborations with industry leaders like SWIFT are enhancing its market presence and crosschain functionality.

user avatarTomas Novak

GeeFi Wallet Offers Security and Control for Crypto Users

chest

The GeeFi Wallet provides users with a secure, non-custodial solution for managing digital assets.

user avatarKaterina Papadopoulou

Senator Lummis Criticizes Ongoing Impact of Operation Choke Point

chest

Senator Cynthia Lummis has called for an end to practices stemming from Operation Choke Point to support digital finance in the U.S.

user avatarMaya Lundqvist

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.