Polygon has made significant progress on its path to becoming a converged blockchain network and has proposed to convert its PoS chain to zkEVM validium and connect to AggLayer. Polygon Labs has integrated a zkVM built with Plonky3 (called SP1) to generate pessimistic proofs for AggLayer. This integration ensures cryptographic security by preventing any chain from withdrawing more than its deposits, thereby enhancing the overall connectivity of the network and facilitating secure and seamless asset transfers between chains.
As of the end of Q2 2024, Polygon PoS has reached $1 billion in total locked value in DeFi, making it one of the top 10 networks by TVL, and is expected to accelerate further with the synergy of AggLayer.
In addition, the Polygon Community Treasury launched a $1 billion community grant program to support developers and projects within the Polygon network. Over the next decade, CGP will distribute 100 million POL tokens per year, managed by an independent community treasury committee.
