Lumia has rolled out its Layer 2 (L2) network for Real-World Assets (RWAs). The move aims to boost on-chain liquidity. It also seeks to broaden the user base for tokenized assets.
The network is modular. It offers higher capital efficiency. Lumia claims it's one of the first rollups designed for RWAs. The network can tokenize real estate, commodities, art, equities, and financial indexes.
Lumia's L2 integrates Polygon AggLayer. This supports rapid cross-chain transfers via ZK proofs. The result? Faster loading times for users. Nice one, Lumia.
Lumia Stream, the platform's liquidity module, is a key feature. It aims to maximize trade value on Lumia L2. The goal is to tackle liquidity fragmentation by offering deep liquidity.
Lumia Stream connects major CEXs and DEXs. It creates a decentralized source for DeFi protocols to tap into large liquidity pools. Liquidity providers can expect high capital productivity.
The 1-inch RFQ showcases this efficiency. It processed $8M in volume using just $30K in capital for 28 assets. That's pretty impressive stuff.
The current DeFi market is fragmented. Ethereum holds $59 billion in DeFi Total Value Locked (TVL). The next eight top EVM chains add another $22 billion. Lumia wants to consolidate this liquidity.
With the mainnet launch, Lumia is rebranding. It's swapping the existing $ORN token for $LUMIA. The new token will cover transaction fees and node operations.
Lumia has lined up a strong list of partners and service providers. It's also offering grants to builders. The aim? To encourage exploration of economic opportunities in the Lumia ecosystem.
The partnership with Polygon AggLayer shows Lumia's focus on performance. ZK proofs enable near-instant cross-chain transactions. This sets a new benchmark for L2 solutions.
Lumia recently rebranded from Orion. The company has been a leader in liquidity aggregation. It's now aiming for a full-fledged solution for retail consumers to access DEX and CEX liquidity.
In a nutshell, Lumia's L2 network is making waves in the RWA space. With its focus on liquidity and user experience, it's definitely one to watch. But will it live up to the hype? Only time will tell.