IoTeX, a decentralized physical infrastructure network, and Polygon Labs have announced that IoTeX 2.0 will integrate with AggLayer to enhance cross-chain communication and liquidity within the DePIN ecosystem.

Raullen Chai, the CEO and co-founder of IoTeX, disclosed the partnership on September 17 at the R3al World event in Singapore. As the DePIN market continues to grow, developers are concentrating on innovations that can improve communication and cross-chain liquidity.

Polygon Projects Leverage IoTeX Technology

AggLayer is a decentralized service designed to connect blockchains, allowing projects on different chains to programmatically distribute rewards. This infrastructure aims to enhance efficiency and scale the $19.7 billion DePIN market.

Several projects on Polygon have already integrated IoTeX technology. These include CoinFund and Pantera Capital-backed DePIN project GEODNET, and DIMO, a user-owned network that transforms users’ car data into assets. GEODNET joined IoTeX as it launched the DePIN Liquidity Hub, while DIMO utilized IoTeX’s layer-2 protocol, W3bstream, for its zero-knowledge proofs concept on data privacy and off-chain computation.

IoTeX 2.0 and Its Collaborations

IoTeX and Polygon Labs first collaborated in 2021 on a cross-chain bridge and non-fungible token initiative. IoTeX released its IoTeX 2.0 whitepaper in July 2024, aiming to create a modular blockchain network that accelerates DePIN adoption.

IoTeX 2.0 launch partners include Near Protocol, Filecoin, and RISC Zero. Other collaborators are OKX, Axelar, and The Graph.

“Our partnership with Polygon Labs and the integration of AggLayer marks a significant step forward in enhancing cross-chain communication and liquidity within the DePIN ecosystem.”

For those interested in the latest developments in cryptocurrencies, investing, and finance, IoTeX 2.0 offers a compelling glimpse into the future of decentralized infrastructure networks.

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