Yesterday (April 24), Polygon Labs (POL) announced the launch of its ‘Agglayer Breakout Program’. This unique project is built on Polygon proof-of-stake (PoS) ecosystems. The prime focus of this program is to boost its POL token staking program via airdrop rewards.
Polygon is building Agglayer to incubate aggregated chains and bootstrap start-up projects on the platform while driving value to POL stakeholders via airdrops.
The Agglayer Breakout Program.
• incubating high-value chains
• increasing network effects on @Agglayer
• supporting the future utility of POL
• returning value to POL stakers 🪂https://t.co/V7LL3WZ7s9— Polygon ※ (@0xPolygon) April 25, 2025
About Polygon’s Agglayer Breakout Program
The fundamental idea behind Agglayer is to support and incubate new projects and chains on Polygon to bring unique projects on-chain. As part of the program, POL stakes will be rewarded with token airdrops of the successful incubated projects.
Polygon Labs will be deeply involved in all decision-making for the Agglayer platform. It will fund the ecosystem projects so that they flourish and give easy access to them and the Polygon community.
Agglayer will function as a separate network from Polygon while using the POL token as its native utility token. It uses Zero-knowledge (zk) technology, a privacy-first style of cryptography that allows one party to prove a piece of information to another without sharing sensitive information.
Per the Polygon announcement on X, four projects are already launching via the Agglayer program with confirmed airdrops. PrivadoID is a Web3 identity data verification project that will airdrop around 5% of its token supply to POL stakers.
Additionally, Miden, a new L2 on Ethereum, is part of the program and has confirmed a 10% supply airdrop. Finally, two unnamed projects, one DeFi and one DePIN, will be part of Agglayer and airdrop 15% of their supply to POL stakers.
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This is a much-needed launch from Polygon after it has fallen considerably as a top L2 network in recent times. While it was once a top 10 chain by Total-Value Locked (TVL), DefiLlama now has it in 13th place with just $850m.
It is rough reading for POL holders compared to newer chains such as Berachain and Sui, which have $2.7b and $1.7b in TVL, respectively.
The Polygon team and its community hope that the Agglayer initiative can re-ignite some life back into the ecosystem after previously being one of the premier L2 protocols. A stream of lucrative airdrops could well be the thing to draw users back to Polygon.
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Polygon (POL) Has Surged Over 30% Over The Last Week
On the back of the Agglayer news, POL has climbed more than 6% overnight, continuing its bullish momentum from recent weeks. POL has stayed in the green for the past two weeks, up 35% on that timeframe and 31% on a 7d timeframe.
It is currently trading at around $0.2,4, and while recent price action for POL is bullish, it is still down 80% from its all-time high of $1.29, which it hit 13 months ago in March 2024.
The POL token and Polygon ecosystem have suffered greatly in recent years, being outshone by newer L2s such as Arbitrum, Berachain, and Sui. However, the Polygon team will hope that this airdrop-friendly initiative with Agglayer can bring users and POL holders back on-chain.
If POL can maintain these levels going into the weekly close, it will be the first week in 2025 that its price has recorded a double-digit percentage increase in valuation.
On a short-term timeframe, POL should be looking to breach its yearly high of $0.52, which it hit in early January. If the market stabilizes and BTC pushes toward $100k and beyond, POL will need to break through heavy resistance at $0.74 before attempting to regain $1.
POL was last a $1 token over 1 year ago, in early April 2024. It has been in a rough downtrend ever since, barring a brief rally during the December-January period following Donald Trump becoming US President for the second time.
BONUS: Best Wallet (BEST) Closes In On $12m Presale Funding – The Go-To Web3 Wallet For 2025
Best Wallet (BEST) is a self-custodial Web3 wallet that improves and expands on everything MetaMask created. It is a multi-chain wallet offering native support to over 60 blockchains, including Polygon.
Available for download on both the Google Play and Apple App Store, the ‘Upcoming Tokens’ tab allows users to trade, store, stake, wager, game, and even participate in carefully selected presales at phase 0 prices.
The BEST team is even launching a debit card, allowing users to sync it with the app and spend their crypto holdings at all Google and Apple Pay-accepted terminals worldwide.
Unlike MetaMask, Best Wallet has a native token that is still available at the presale stage. Already raising over $11.8m, the next target is $12m, which looks set to be hit before the end of the week.
🚨 Best Wallet Airdrop Ending Soon! 🚨
The airdrop campaign is officially ending on May 15th!
🎯 Here’s what you need to know:
— All $BEST rewards will be distributed to Best Wallet addresses.
— To receive your rewards, you must complete the “Connect Best Wallet” quest before… pic.twitter.com/DMVl9bMEpg— Best Wallet (@BestWalletHQ) April 23, 2025
There are rumors that the BEST presale will soon end, and there are talks of at least one major CEX listing to accompany its token-generation event (TGE).
The current price of $0.024 will likely not be seen again once the presale moves onto its next stage in less than 12 hours.
Stay up-to-date with the BEST community on X, Telegram, and Discord.
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