Polymer Labs has launched Polymer Hub, a real-time interoperability protocol on the Ethereum mainnet aimed at connecting Ethereum rollups. This protocol addresses a longstanding issue with rollup ecosystems, which typically operate within isolated environments, hindering cross-chain interoperability.
Polymer Labs contends that while high-speed rollups are advancing, current interoperability solutions can’t keep up with the dense traffic that future multi-rollup ecosystems will require. Polymer Hub intends to change this by making cross-chain interactions as fast, affordable, and seamless as Ethereum’s own blockspace.
Polymer Hub initially integrates with the OP Stack ecosystem, encompassing networks like OP Mainnet, World Chain, and Base, the latter of which is backed by Coinbase. Other advanced rollups, such as MegaETH, also support Polymer’s vision. Lei Yang, co-founder and CTO of MegaETH, emphasized the protocol’s importance for enabling low-latency responses at massive scale, which could unlock new possibilities for decentralized applications.
Following a successful $23 million Series A round co-led by Blockchain Capital, Maven 11, and Distributed Global, Polymer Labs has launched with backing from prominent crypto investors, including Coinbase Ventures and Digital Currency Group. This round builds on the $3.6 million seed funding the company raised almost two years ago to support its Ethereum interoperability hub project.