Bungee Cross Chain Aggregator Announces Support for Polygon zkEVM

On April 25, it was reported that Bungee, a cross chain aggregator supported by the cross chain infrastructure Socket, announced its new support for Polygon zkEVM. Bungee had previously supported cross chain transfer and exchange of assets on Ethereum, Polygon, Optimism and Fantom.

Cross chain aggregator Bunge adds support for Polygon zkEVM

As the blockchain industry continues to grow, the need for seamless integration between different blockchains has become increasingly important. This is where cross chain aggregators have come into play, allowing users to transfer and exchange assets across multiple blockchains with ease. One of the leading cross chain aggregators is Bungee, which is supported by the cross chain infrastructure Socket. Recently, Bungee made an announcement that has caught the attention of many in the industry.

Introduction

On April 25, 2021, Bungee announced that it would be supporting Polygon’s zkEVM. This is a major move for Bungee as it expands its cross chain capabilities to include another blockchain network. In this article, we will explore what Bungee is, what Polygon’s zkEVM is, and how this new announcement will impact the blockchain industry.

Bungee: The Cross Chain Aggregator

Bungee is a cross chain aggregator that enables the transfer and exchange of assets across multiple blockchains. It is supported by the cross chain infrastructure Socket, which provides the necessary tools for seamless integration between different blockchain networks. Bungee’s mission is to create a world of interconnected blockchains that allow for easy asset transfer and exchange.

Polygon’s zkEVM

Polygon, formerly known as Matic, is a layer 2 scaling solution for Ethereum. It aims to provide faster and cheaper transactions on the Ethereum network. Polygon’s zkEVM is a new development that will allow for even faster and cheaper transactions. It is a Layer 2 scaling solution that uses zk-rollups to bundle transactions together, reducing gas fees and increasing transaction throughput.

Bungee’s Support for Polygon’s zkEVM

Bungee’s support for Polygon’s zkEVM means that users will now be able to transfer and exchange assets across both the Ethereum and Polygon networks. This is important as it allows for greater flexibility when it comes to trading and managing assets. Bungee had previously supported cross chain transfer and exchange of assets on Ethereum, Polygon, Optimism and Fantom, and with the addition of Polygon’s zkEVM, Bungee has strengthened its position as one of the leading cross chain aggregators in the industry.

Impact on the Blockchain Industry

The addition of Polygon’s zkEVM to Bungee’s cross chain infrastructure is a major development for the blockchain industry. It shows that the industry is moving towards greater interoperability between different blockchains, which is essential for the growth and adoption of blockchain technology. With Bungee’s support for Polygon’s zkEVM, users will now have more options when it comes to transferring and exchanging assets, which will ultimately make the blockchain industry more accessible and user-friendly.

Conclusion

Bungee’s announcement of its support for Polygon’s zkEVM is a significant development for the blockchain industry. It shows that cross chain aggregators are becoming increasingly important as the industry continues to grow and mature. With Bungee’s support for Polygon’s zkEVM, users will have more options when it comes to transferring and exchanging assets, which will ultimately make blockchain technology more accessible and user-friendly.

FAQs

Q: What is a cross chain aggregator?
A: A cross chain aggregator is a platform that enables the transfer and exchange of assets across multiple blockchain networks.
Q: What is Polygon’s zkEVM?
A: Polygon’s zkEVM is a layer 2 scaling solution that uses zk-rollups to bundle transactions together, reducing gas fees and increasing transaction throughput.
Q: Why is Bungee’s support for Polygon’s zkEVM important?
A: Bungee’s support for Polygon’s zkEVM means that users will now have more options when it comes to transferring and exchanging assets, ultimately making blockchain technology more accessible and user-friendly.