- Lumia launches a layer 2 network for Real World Assets to improve on-chain liquidity and broaden access.
- The network integrates Polygon AggLayer for near-instant cross-chain transactions and a better user experience.
Lumia has announced the deployment of its Layer 2 (L2) network, specifically designed for Real-World Assets (RWAs). This development will help increase on-chain liquidity, expand the audience and open new possibilities for tokenized assets.
Lumia’s modular L2 network offers higher capital efficiency, making it one of the pioneering rollups tailor-made for RWAs. Some of the assets that the network tokenization enables include real estate, commodities, art, stocks, and financial indexes.
Polygon AggLayer integration improves cross-chain transactions
Lumia’s L2 network includes Polygon AggLayer, which supports fast cross-chain transfers via ZK-proofs. This integration improves the user experience through faster loading times. Furthermore, Lumia Stream, the platform’s liquidity module, improves capital management so that traders can get the maximum value from every trade on Lumia L2.
Lumia Stream aims to solve the problem of liquidity fragmentation by offering deep liquidity. It integrates the most liquid centralized exchanges (CEXs) and decentralized exchanges (DEXs) into one decentralized source that gives DeFi protocols access to large liquidity pools. For liquidity providers, Lumia Stream offers unparalleled capital productivity, as evidenced by the 1-inch RFQ, handling $8M in volume using $30K in capital across 28 assets.
The fragmentation in the current DeFi market is clearly visible Ethereum holding a significant portion of DeFi Total Value Locked (TVL) for $59 billion. However, liquidity is spread across numerous chains, with the next top eight EVM chains contributing another $22 billion. Lumia aims to consolidate this liquidity for more efficient trading and lending.
Lumia rebrands and introduces a new token
With the mainnet launch, Lumia will be rebranded and swap the existing $ORN token for $LUMIA. The new token, $LUMIA, will have multiple uses for the network participants: transaction fees and node operations. This brand change is in harmony with Lumia’s business strategy to be one of the best L2 networks for RWAs.
Lumia $ORN HyperNodes Sale Begins
Our highly anticipated node sale starts on July 18 at 2:00 PM CET.
Starting at just $1000 per node, this is an opportunity you won’t want to miss: first come, first served.
Read more about how it all works
https://t.co/uGCSglRv1q pic.twitter.com/UjupNVdcnV
— Lumia (@BuildOnLumia) July 11, 2024
Lumia’s L2 launch comes with a strong list of partners and service providers. Builders should also receive subsidies to ensure they adhere to established standards from the start of the project. The aim of this initiative is to encourage partners and users to explore the economic opportunities and financial sector in Lumia. With the increasing awareness and demand for RWAs, Lumia is well positioned to increase market share in the sector.
Lumia’s partnership with Polygon AggLayer clearly demonstrates its focus on performance and user experience. The zero-knowledge proofs that enable near-instant cross-chain transactions also improve usability and define a new benchmark for L2 solutions.
It’s worth noting that Lumia recently renamed Orion. As mentioned in the announcement, Orion has taken the lead in aggregating liquidity, which is rare in the Defi market. It aimed at providing a full-fledged solution for individual retail consumers to obtain DEX and CEX liquidity.
