Polyhedra Network (ZK), a rapidly expanding web3 project focused on enhancing computational power and cross-platform interoperability through Zero-Knowledge (ZK) systems, has launched a new tool to enhance its ecosystem. On Friday, Polyhedra Network announced the release of the open-source Expander Compiler Collection (ECC).

The ECC enables users to seamlessly convert gnark circuits into efficient layered formats, allowing web3 developers to create secure and interoperable applications. The Polyhedra Network team stated, "Designed for GKR protocols, ECC ensures quick and effective proof generation by natively translating your code into layered circuits."

The development of the ECC tool was made possible through the Consensys gnark project. Moreover, the Ethereum ecosystem, which leads the DeFi sector with over $64 billion in total value locked (TVL), is easily interoperable with other chains.

Market Impact on Polyhedra Network

According to CoinMarketCap, Polyhedra Network (ZK) has a market cap of approximately $72 million and an average 24-hour trading volume of around $28 million. The altcoin boasts over 254,000 holders, with the top ten addresses controlling more than 92 percent of the total supply.

The launch of the Expander Compiler Collection is expected to significantly boost the adoption of the ZK token and other Polyhedra Network products. Notable projects by Polyhedra Network include Proof Cloud, zkBridge service, and various gaming applications.

Earlier this month, Polyhedra Network launched the open-source zero-knowledge proof (ZKP) project called Expander, which is compatible with devices like the Apple M3 max, capable of proving 4,500 Keccak-f operations per second. The Polyhedra team noted, "The performance of Expander opens the possibility for the creation of many ZK applications that are compatible with Ethereum."

Bigger Picture

The development of multichain infrastructure has significantly facilitated the mass adoption of web3 projects and digital assets. As previously reported by Coinspeaker, Polyhedra Network is well-positioned to scale multichain infrastructure development, having secured $20 million at a $1 billion valuation.

Polyhedra Network is backed by notable web3 investors such as Binance Labs, Animoca Brands, Polychain Capital, Mapleblock Capital, Emirates Consortium, UoB Ventures, OKX Ventures, and Hashkey Capital, among others. The network supports over 25 blockchains and has partnered with more than 80 ecosystem partners. According to its official website, Polyhedra’s zkBridge has securely facilitated over 20 million messages.