Polygon Partners with HaustNetwork and Gateway.eth to Boost AggLayer with Haustoria

• Haust Network uses Polygon’s Chain Development Kit and zk-rollup technology.
• The AggLayer integration allows Haust Network to connect with multiple blockchains for efficient and low-cost transactions.

Haust Network will integrate with the Polygon Chain Development Kit (CDK) to advance its Layer 2 Ethereum scaling solutions, according to a recent announcement. This partnership utilizes zk-rollup technology to boost transaction throughput and lower costs while ensuring robust network security.

https://Twiter.com/0xPolygon/status/1819110730802635148

Haust Network also has incorporated Polygon’s CDK, which is a popular Layer 2 solution for Ethereum scaling based on zk-rollup. This approach increases the number of transactions per unit of time and, at the same time, reduces costs while preserving the level of security. Thus, using zk-Rollup, Haust Network can effectively and inexpensively process a larger number of transactions.

Being an Application Absolute Liquidity Layer 2 Ethereum Virtual Machine (EVM) based network, the Haust Network is built to be secure by integrating the zk-rollup technology and the Account Abstraction. This configuration makes it easy to work and achieve better results in the management of the given processes.

AggLayer’s Impact on Transaction Efficiency

It should be noted that Haust Network is related to AggLayer the aggregation layer of Polygon. AggLayer is a complex of tools that enables the integration of several blockchains, increasing the level of security and speed of transactions. It minimizes the number of computations required and the number of transactions needed, thus making transactions cheaper and quicker for users.

AggLayer allows a blockchain to integrate with other chains through a single gateway to Ethereum. Some of these integrated systems are the OKX’s X Layer, Astar zkEVM, and Polygon zkEVM. Through the integration of AggLayer, Haust Network achieves improved throughput and lower costs to overcome challenges associated with expensive transactions and limited user engagement.

The implementation of AggLayer also improves Haust Network’s lending and borrowing feature. With the addition of these services, Haust Network aims to become a major participant in the decentralized finance (DeFi) industry. The features of AggLayer enable more efficient and reliable interactions between different blockchain systems.

Polygon’s MATIC Faces Potential Downturn

At present, MATIC is trading at $0.48, reflecting an 13% and 2% decline over the past month and 24-hours respectively . The token’s future performance appears uncertain as recent data suggests considerable selling pressure and diminished institutional support.

the traders are ready to sell 90.32 million MATIC tokens if the price is $0.50. On the other hand, there are slightly over 55 million tokens in buy orders at the $0.49 level. This comparison shows that traders are more willing to sell MATIC than buy it.

Polygon Exchange On-Chain Market Depth. Source: IntoTheBlock

The large holders’ netflow has reduced by 220% in the last one week, indicating dwindling institutional investment. According to Netflow, the activity of major investors is monitored and a decline indicates that there is more distribution than accumulation. MATIC, which has been popular with institutions, is now met with doubt from this critical group that could alter its price.

MATIC has failed to break through the descending trendline since June 6, which shows a bearish market. This trendline resistance indicates that unless there is a strong price break, MATIC may experience more selling pressure.