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Magic Labs' Newton Launches to Unify Chains on Polygon AggLayer

Newton is a “chain unification network” that simplifies the process of transacting across chains in Polygon’s Ethereum-compatible AggLayer.

Liz Napolitano

By Liz Napolitano

Nov 7, 2024

2 min read

Polygon. Image: Shutterstock

Polygon. Image: Shutterstock

Aiming to solve the growing issue of liquidity fragmentation across Ethereum-compatible networks, Magic Labs and Polygon Labs have teamed up to launch Newton, described as a “chain unification network."

Newton is designed to boost interoperability across Polygon’s AggLayer, which connects layer-1 and layer-2 chains with shared liquidity. Magic Labs will deploy a wallet on Newton called Passport that lets users store and transfer various digital assets across various blockchain platforms with “simplified” cross-chain swaps.

Newton aims to smash “blockchain silos” and unify liquidity, which has become more fragmented amid growing layer-2 and rollup development in the Ethereum world, Magic Labs CEO and co-founder Sean Li told Decrypt.

Magic Labs' Newton Launches to Unify Chains on Polygon AggLayer

Newton is a “chain unification network” that simplifies the process of transacting across chains in Polygon’s Ethereum-compatible AggLayer.