IoTeX and Polygon Labs announce IoTeX 2.0 integration with AggLayer

Decentralized physical infrastructure network IoTeX and Polygon Labs announced that IoTeX 2.0 will integrate with AggLayer to strengthen cross-chain communication and liquidity in the DePIN ecosystem.

Raullen Chai, CEO and co-founder of IoTeX (IOTX), announced the partnership at the R3al World event in Singapore on September 17.

As the DePIN market has experienced significant growth, developers have focused on innovations that can increase communication and cross-chain liquidity.

Polygon projects leverage IoTeX infrastructure

AggLayer is a decentralized service designed to connect blockchains, allowing projects across chains to programmatically distribute rewards. According to a press release shared by IoTeX and Polygon Labs, the protocol’s infrastructure encourages efficiency and further scales the $19.7 billion DePIN market.

Notably, multiple projects on Polygon (POL) have integrated IoTeX technology, including the CoinFund and Pantera Capital-backed DePIN project GEODNET and DIMO, a user-owned network that turns users’ vehicle data into assets.

GEODNET joined IoTeX in launching the DePIN Liquidity Hub, while DIMO leveraged IoTeX’s layer 2 protocol W3bstream for its zero-knowledge proofs concept for data privacy and off-chain computation.

IoTeX 2.0

IoTeX and Polygon Labs first collaborated in 2021, working together on a cross-chain bridge and non-fungible token initiative.

IoTeX released the IoTeX 2.0 whitepaper in July 2024, with the broader goal of a modular blockchain network that accelerates DePIN adoption. IoTeX 2.0 launch partners include Near Protocol (NEAR), Filecoin (FIL), and RISC Zero. Others include OKX, Axelar, and The Graph (GRT).