Polygon Now Supports ERC-7683 for Enhanced Cross-Chain Interoperability

Polygon's ERC-7683 integration on PoS, zkEVM, and AggLayer simplifies cross-chain asset transfers and enhances interoperability.

10/26/20243 min read

  • Polygon's ERC-7683 integration on PoS, zkEVM, and AggLayer simplifies cross-chain asset transfers and enhances interoperability.

  • AggLayer enhances liquidity by enabling seamless asset movement between blockchains without the use of external bridges or wrapped tokens.

In a tweet, Polygon announced that it has integrated ERC-7683 across its core platforms — Polygon PoS , zkEVM , and AggLayer. The development aims to improve the user experience for developers and end users by simplifying asset transfers and thus enhancing interoperability between multiple chains.

By eliminating the need for bridges and wrapped assets, Polygon hopes to simplify cross-chain transactions with ERC-7683, thus ensuring more efficient and secure asset transfers.

Polygon: AggLayer Revolutionizes Cross-Chain Trading and Liquidity

AggLayer in particular is a remarkable innovation. It combines liquidity across blockchains and provides a consistent interface that replaces the need for consumers to deal with decentralized ecosystems. Assets in this system can move between chains, thereby minimizing security and cost concerns.

One-click cross-chain trading enabled by AggLayer also allows users to quickly perform swaps without the need for a third-party solution. This not only maximizes liquidity but also gives developers new opportunities to create more linked decentralized applications (dApps).

Furthermore, the z kEVM running this infrastructure ensures Ethereum -level security while reducing transaction fees and increasing throughput.

Beyond DeFi, the benefits of this improved interoperability are numerous. Polygon’s idea, for example, would be appreciated by the gaming industry, which has sometimes suffered from decentralized ecosystems.

Today, developers can create compatible game assets and reputation systems that can operate natively across multiple blockchains, providing consumers with a more flexible and consistent gaming environment.

With a more user-friendly interface for interacting across multiple chains, this level of interactivity represents a major breakthrough for blockchain gaming and other decentralized applications.

What is ERC-7683?

ERC-7683 is a proposed new standard for EVM applications , designed to create a unified framework for systems that perform intent-based cross-chain transactions.

This standard, proposed by Uniswap Labs and Across Protocol, aims to enable Intent-based systems to interoperate and share infrastructure, thereby improving user experience and increasing competition in fulfilling users' transaction intentions.

The standard operating procedure of ERC-7683. is summarized as follows:

  • The user signs an offchain message on the Wallet, defining the parameters of the order (CrossChainOrder).

  • Orders are distributed to a network of fillers.

  • The executor initiates the transaction on the root Chain, based on the user's command and signature.

  • The executor completes the command on the target Chain.

  • The cross-chain payment process ensures that the user receives the desired asset and the performer receives the corresponding reward.

Source: Across Protocol

Impact of ERC-7683

For users :

  • Better Experience : Thanks to standardization, users can make Cross-chain transactions quickly, securely and at lower costs.

  • Simplify the process : Users only need to specify their transaction intention (e.g. want to exchange token A on Chain X to token B on Chain Y) without having to worry about intermediate steps.

For Intent-based applications and systems :

  • Increased Competition : Applications can access a wider network of actors, improving their ability to satisfy users' Cross-chain transaction intentions.

  • Reduced integration barriers : Common standards make integration between systems easier.

For fillers :

  • Expanding opportunities : More applications and users can be served through a common standard.

  • Reduced cost and complexity : No need to support multiple interfaces and standards.

For the DeFi ecosystem :

  • Increased connectivity and decentralization : Standardization helps systems interact better with each other, reducing dependence on centralized solutions.

  • Drive Development : Encourage innovation and improvement in providing Cross-chain trading services.