Kana Labs is happy and proud to announce that they’ll add the Polygon blockchain ecosystem to their total retinue of merchandise. Within the case of Kana Labs, it’s a chain-agnostic multi-chain DeFi tremendous app. It’s working arduous to extend the variety of backed blockchains in its product portfolio.
They’re presently supporting the Solana, Aptos, and Neon EVM blockchain networks. The final word intention and intention of the corporate is to be often known as an absolute multi-chain behemoth. Their total technique is to proceed including blockchain networks to their current product ecosystem.
The incorporation of the Polygon blockchain, together with its dApp ecosystem, will present the chance to maneuver in the direction of attaining the position of a DeFi tremendous app with cross-chain liquidity. It would additionally assist hyperlink aggregation functionalities whereas linking the EVM and non-EVM arenas. Within the very close to future, plans are afoot for the growth of assorted EVMs, equivalent to BSC, Arbitrum, Avalanche, and an entire lot of others.
The place the Polygon blockchain is worried, it’s a layer 2 community that has been created on the Ethereum blockchain community. The Ethereum ecosystem modified all the situation of the Web3 house with the constructing of a number of use instances pertaining to the monetary providers phase, equivalent to DeFi, and additional, heightening completely different use instances like digital actuality, decentralized gaming, and NFTs. Being a layer 2 community, Polygon has centered its total consideration on highlighting the benefits of the Ethereum blockchain. That is when it comes to the profit the consumer will get within the type of faster transactions and decrease prices.
This collaboration between the 2 entities permits entry to an unlimited ecosystem of dApps presently out there in the marketplace. It additionally supplies the chance for customers belonging to Polygon, in addition to numerous different supported blockchain networks, to have the ability to join with extra builders and end-users. It would even be doable for customers to hold out swaps within the Polygon chain and crisscross to different chains, equivalent to Solana and Aptos.
The builders creating dApps on high of Kana Lab’s cross-chain bridge, together with the liquidity aggregation layer, will immensely profit as they’ll obtain the benefits of all three blockchain ecosystems from a single UI or UX.