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Industries
Consulting
Crypto & Web3
Company Size
11-50
Company Stage
Series A
Total Funding
$26.6M
Headquarters
null
Founded
2021
Polymer Labs enhances the ability of different blockchain systems to communicate and work together, which is essential for the development of decentralized applications (dApps). Their main focus is on providing tools and infrastructure that support the Inter-Blockchain Communication (IBC) protocol, making it easier for developers, researchers, and relayers to create and maintain interoperable blockchain applications. Unlike many competitors, Polymer Labs specifically targets the interoperability challenge in the rapidly evolving blockchain market, positioning itself as a key player in this area. The company's goal is to facilitate smoother transactions and interactions across various blockchain networks, ultimately driving innovation and adoption in the blockchain community.
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Total Funding
$26.6M
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Industry Average
Funded Over
2 Rounds
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New York City, New York, November 11th, 2024, ChainwirePolymer Labs has officially launched Polymer Hub, a real-time interoperability protocol for connecting all Ethereum rollups. By streaming messages, states, and logs over IBC primitives (equivalent to Web2’s TCP/IP), Polymer Hub verifies and stores the headers of all connected rollups, allowing applications to prove any arbitrary state across rollups at vastly reduced overhead.Rollup/L2 ecosystems have historically connected only within their own walled gardens; with Polymer, however, rollups can now communicate across ecosystems and coordinate as fast as they can produce blocks. The protocol offers significant improvements in cross-chain communication latency, bandwidth, and cost for all on-chain primitives compared to existing solutions.Polymer aims to make cross-chain interoperability as fast, efficient, and affordable as blockspace itself, enabling Ethereum applications to scale to the next million users.Increase Bandwidth Reduce LatencyReal-time, high-throughput rollups are right around the corner, but existing interoperability protocols (point-to-point and hub-and-spoke models) were not designed to support dense network traffic across hundreds of rollups. According to the team, existing solutions are too slow and expensive for the next generation of applications on Ethereum. As we enter this new era, interoperability solutions must complement their speed and efficiency. Real-time apps require real-time interoperability.Polymer aims to build the fastest and most efficient interoperability protocol for next-generation rollups like MegaETH
Polymer Labs has officially launched Polymer Hub, a real-time interoperability protocol for connecting all Ethereum rollups.
Polymer functions as a modular layer-2 network and inter-blockchain communication-based protocol developed by Bo Du and Peter Kim.
Polymer Labs has raised $23 million in Series A funding from Blockchain Capital, Coinbase Ventures and others.
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Industries
Consulting
Crypto & Web3
Company Size
11-50
Company Stage
Series A
Total Funding
$26.6M
Headquarters
null
Founded
2021
Find jobs on Simplify and start your career today
Discover companies similar to Polymer Labs