Magic Labs and Polygon Launch Newton to Unify Liquidity

In a bid to streamline liquidity across Ethereum-compatible networks, Magic Labs and Polygon Labs have teamed up to introduce Newton. A “chain unification network” designed to operate with a single wallet and balance across chains.

Newton is set to enhance interoperability across Polygon’s AggLayer by connecting layer-1 and layer-2 chains into a unified liquidity network. The platform introduces a simplified wallet that allows users to store and transfer digital assets across multiple blockchains. Featuring an easy-to-use interface for cross-chain swaps.

“Newton will break down blockchain silos and unify liquidity,” said Magic Labs CEO and co-founder Sean Li. “Users want a single wallet and balance instead of managing multiple wallets across various chains.”

Bridging and Cross-Chain Swaps Simplified

Crypto users currently manage liquidity across networks through bridging or cross-chain swaps. While bridging transfers funds via smart contracts, cross-chain swaps enable direct token exchange without intermediaries. Newton’s cross-chain swap functionality aims to make fund transfers faster and cheaper, helping to reduce complexity for users.

Powered by Polygon’s AggLayer for Instant Transactions

Newton is integrated with Polygon’s AggLayer, a network that supports instant cross-chain transactions by aggregating zero-knowledge proofs across connected chains. This approach allows for near-instant transactions across various Ethereum-compatible chains, addressing the challenges posed by the proliferation of layer-2s and rollups.

“The growth of layer-2s has fragmented liquidity and worsened the Web3 user experience,” Li said, emphasizing that Newton aligns with the company’s mission to onboard the next billion users to blockchain.

Newton is initially launching in a private testnet, with a public release expected in the future.