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- Arbitrum’s fast-growing DEX Dolomite has launched on Polygon zkEVM.
- The protocol will bring its advanced trading engine, powered by ZK technology, to Polygon.
Dolomite, a leading Decentralized Exchange (DEX) on Arbitrium, has announced its anticipated launch on Polygon’s new zkEVM (zero-knowledge Ethereum Virtual Machine), marking a crucial milestone in the expansion of Decentralized Finance (DeFi) into one of the most vibrant ecosystems in the world. cryptocurrency.
Dolomite integration with Polygon zkEVM
As highlighted in a press release shared with CNF, Dolomite is a pioneer in the Polygon zkEVM chain, ready to support trading and DeFi profits for unique assets within the Polygon ecosystem.
Initially, the platform will support assets such as USD Coin (USDC), Ethereum (ETH), Wrapped Bitcoin (WBTC), and Polygon (MATIC), with plans to integrate dozens more soon. By joining forces with Polygon’s zkEVM, Dolomite aims to replicate the remarkable success it has achieved on Arbitrum, while uniting the broader zkEVM ecosystem.
Dolomite’s decision to launch on Polygon’s zkEVM comes at a time when the network is gaining notable traction, with its scalability, security and EVM equivalence setting it apart from other chains. Polygon zkEVM reduces Ethereum network congestion by batching blockchain transactions into zero-knowledge proof rollups, leading to faster and more efficient transactions.
With nearly $1 billion in Total Value Locked (TVL), Polygon’s Proof-of-Stake (PoS) network is the seventh largest in the industry, providing a robust foundation for Polygon zkEVM’s growth.
Polygon zkEVM launched last year and has made significant progress, with more than 56 projects launched on the platform during the beta phase. Now enter Phase 2 of development, the focus is on responsible growth of decentralized applications (dApp) and activation of activities in the chain.
In the coming months, the community can expect a gradual rollout of new dApps and educational initiatives aimed at fostering ecosystem growth. Additionally, Stage 3, scheduled for March, promises a major upgrade to the Polygon zkEVM client, eliminating all limitations on throughput.
Jack Melnick, the head of DeFi at Polygon Labs, praised the Dolomite integration with Polygon zkEVM, stating:
“The team immediately started creating network effects as they build integrations for some of the unique native assets in the chain.”
Dolomites advanced architecture
At the heart of Dolomite’s success lies its advanced architecture, which pushes the boundaries of decentralized financial markets.
By enabling higher capital efficiency and support for a wider range of assets, Dolomite provides users with a seamless and flexible trading experience. Backed by some of the largest venture capital firms in the crypto industry, Dolomite has become one of the top lending protocols on Arbitrum, with a growing list of supported assets.
Melnic emphasized that Dolomite’s Virtual Liquidity system is a great fit with Polygon zkEVM’s current processes, giving users easy access to value while protecting their DeFi-native rights.
Its inclusion in Polygon Labs’ “DeFi unleashed” campaign further solidifies its position as a leader in the growing Polygon zkEVM ecosystem. With more than $50,000 in rewards planned for distribution to users of participating projects, Dolomite is well-positioned to attract and retain a diverse user base.
