The combination of NEAR DA and Polygon CDK has been announced by the NEAR Foundation. The goal of the technical integration is to provide rollups with the advantages of affordable data availability, especially during the peak of data publishing expenses.
The selection of NEAR DA is based on its effectiveness and reliable data accessibility. Data availability was deliberately designed to assist engineers in streamlining the network architecture and cutting expenses overall. Conversely, Polygon CDK has been selected due to the degree of ease of use it offers to developers who wish to construct L2 chains using a customized set of parameters.
NEAR DA is described as a comprehensive, out-of-the-box modular DA solution in the official announcement. Co-founder of NEAR Protocol Illia Polosukhin has expressed similar excitement, stating that they can’t wait to see what their technical integration will bring about in the future. Illia has added that they would be disseminating the advantages of affordability, quick data access, and experience improvement. The NEAR Protocol team is also optimistic about driving chain abstraction.
On the other hand, worries about the security implications of the integration’s completion have been raised. Ethereum will maintain all security guarantees in the same manner, according to a statement from the NEAR Foundation. The caliber of the projects that will have compatibility and support is another benefit mentioned.
In the future, NEAR and Polygon hope to work together on their research to develop zkWASM. Developers now have the option to create custom zkWASM chains based on NEAR DA.
Even after the announcement, NEAR and MATIC are still having trouble in the market. The most recent price of NEAR was $3.03, a decrease of 9.25% over the previous day. It also shows a decrease of 14.15% over the previous 7 days and an increase of 10.65% over the previous 30 days. As of the time this article was written, the 24-hour volume had increased by over 13.08%, but the market cap had decreased by 9.20%.
It’s not exactly the best period of MATIC’s life. In the past day, the token’s value has dropped by 3.85%, trading at $0.7862. It has dropped by 2.43% over the past 30 days and by 13.57% over the past 7 days. In the same order, the market cap and 24-hour volume have decreased by 3.37% and 14.46%, respectively.
Days after the NEAR Foundation announced a solid market position with over $285 million in fiat currencies, NEAR DA and Polygon CDK are now integrated. In addition, it has $70 million in loans and investments, and 305 million NEAR tokens, which are valued at over $1 billion. In other words, the NEAR Foundation is well-positioned for all the impending advancements and expanding initiatives.