Injective Integrates Polygon to Accelerate Cross-Chain Composability

May 31, 2023

Similar to Injective, Polygon also initially launched via Binance Launchpad. For instance, Injective users can begin to utilize assets such as MATIC within dApps built on Injective. A transfer from Polygon to Injective using the Injective BridgeThe integration with Polygon brings together two vibrant communities, fostering a cross-pollination of ideas, assets and primitives. The Future of Polygon and InjectiveThe integration between Polygon and Injective signifies an important milestone for DeFi as a whole. Website | Telegram | Discord | Blog | Twitter | Learn | Youtube | Facebook|LinkedIn | Reddit | Instagram |Orbit NewsletterAbout Polygon LabsPolygon Labs develops Ethereum scaling solutions for Polygon protocols.

Injective today launches a groundbreaking integration with Polygon, enabling true DeFi composability. For the first time in history, native assets from Polygon and Injective can be utilized for a diverse array of cross-chain use cases within the two ecosystems.

Utilizing a new connection from Wormhole, assets such as MATIC and INJ can now be transferred. In turn, this integration paves the way for increased collaboration, liquidity and accessibility, benefiting both chains and their respective communities.

What Is Polygon?

The Polygon protocol is a scaling infrastructure network focused on Ethereum. One of its core components is Polygon Supernets, a modular, flexible framework that supports building multiple types of applications. The PoS Polygon network addresses the network’s challenges by handling transactions on a separate Ethereum Virtual Machine (EVM) compatible blockchain. Polygon zkEVM Mainnet Beta is the leading ZK scaling solution that is EVM equivalent: The vast majority of existing smart contracts, developer tools and wallets work seamlessly. Giants such as Reddit and Robinhood have also chosen the Polygon network

Polygon and Injective have shared a number of similar paths since release. Similar to Injective, Polygon also initially launched via Binance Launchpad. In addition, Polygon co-founder Sandeep Nailwal is one of the first angel investors into Injective.

Expanding Composability Between Polygon and Injective

Accelerating the growth of true composability has long been a significant goal for both Injective and the broader Web3 industry. The integration with the Polygon protocol, takes Injective one step closer to realizing the grand vision of seamless interoperability.

With the integration, users across the two communities can gain access to new assets, DeFi protocols, liquidity pools and tightly coupled infrastructure. For instance, Injective users can begin to utilize assets such as MATIC within dApps built on Injective. Similarly, Polygon community members can use INJ alongside other assets in the IBC world on its native applications as well.

A transfer from Polygon to Injective using the Injective Bridge

The integration with Polygon brings together two vibrant communities, fostering a cross-pollination of ideas, assets and primitives. Rising interoperability and composability further helps to extend capital efficiency and overall user experience across sovereign blockchain networks such as Polygon and Injective.

With the integration, both networks provide an intuitive access point for transferring cross-chain assets while simultaneously introducing new opportunities for builders. DeFi protocols focused on functionalities such as lending, trading or derivatives can all leverage new assets powered by this collaboration.

The Future of Polygon and Injective

The integration between Polygon and Injective signifies an important milestone for DeFi as a whole.

Polygon ecosystem users can now begin to utilize native IBC assets while users on Injective can gain access to assets from the leading Ethereum scalability solution. By joining forces, both ecosystems look to bridge communities, boost liquidity, and expand user bases. The collaboration offers increased accessibility, scalability, and a wide range of DeFi opportunities to users of both Polygon and Injective.

With this latest integration, Injective further cements its position as a leading L1 blockchain for interoperability. All dApps within Injective’s ecosystem can natively access sovereign chains such as Ethereum, Cosmos, and now Polygon for frictionless interoperable communication. Builders and users alike can securely transfer crypto assets and Web3 data from Polygon alongside other prominent blockchains to utilize on any application built on Injective.

As the Web3 industry continues to evolve, groundbreaking integrations like this showcase the power of collaboration and pave the way for a more interconnected and inclusive financial future.

About Injective

Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.

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About Polygon Labs

Polygon Labs develops Ethereum scaling solutions for Polygon protocols. Polygon Labs engages with other ecosystem developers to help make available scalable, affordable, secure and sustainable blockchain infrastructure for Web3. Polygon Labs has initially developed a growing suite of protocols for developers to gain easy access to major scaling solutions, including layer 2s (zero-knowledge rollups), sidechains, app-specific chains and data availability protocols. Scaling solutions that Polygon Labs initially developed have seen widespread adoption with tens of thousands of decentralized apps, unique addresses exceeding 261 million, over 1.4 million smart contracts created and 2.7 billion total transactions processed since inception. The existing Polygon network is home for some of the biggest Web3 projects, such as Aave, Uniswap, QiDao and OpenSea, and well-known enterprises, including Robinhood, Stripe and Adobe. Polygon Labs is carbon neutral with the goal of leading Web3 in becoming carbon negative.
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The source of this news is from Injective