Unifying Web3 Through Aggregation

The early days of the internet saw isolated networks, but the introduction of TCP/IP revolutionized connectivity. Similarly, Web3 is currently hindered by siloed blockchains and platforms, restricting the free flow of value between networks and limiting user capabilities. However, aggregation can break down these barriers, unlocking Web3's full potential. Marc Boiron, CEO of Polygon Labs, emphasizes the need for an aggregation layer to facilitate cross-chain settlement, enabling platforms to access broader liquidity and users across connected chains. This would allow exchanges to offer assets from any network without requiring additional integrations. Aggregation is crucial for Web3 to function seamlessly, like the internet, where information, assets, and value can move freely. A unified profile and wallet could serve as a gateway to Web3, providing a secure record of user history and credentials. Moreover, a cross-chain settlement layer would simplify the developer experience, enabling the creation of more powerful apps without the constraints of a single chain or fragmentation. This would have a significant impact on decentralized finance, allowing for unified yield farming, cheap token swaps, and new opportunities in cross-chain arbitrage. Tokenized real-world assets would also benefit, as aggregation would enable true cross-chain markets, facilitating the interaction of assets across different networks. The potential for Web3 gaming and decentralized physical infrastructure networks is vast, with aggregation enabling the connection of gaming platforms and decentralized internet services. As the topic of interoperability and aggregation gains momentum, the first-ever Aggregation Summit will take place in Bangkok, highlighting the importance of aggregation in achieving a fully connected, fast, affordable, and secure Web3.