deBridge Team Announces Deployment EVM-compatible cross-chain protocol on the Solana blockchain.
1/ After 1+ year of development, deBridge is live on @solanabringing seamless interoperability and liquidity transfers between Solana and EVM blockchains.
The opportunity with Solana changes today🧵 pic.twitter.com/wR6M8eN1XI
— deBridge (@deBridgeFinance) June 29, 2023
The service allows you to seamlessly move assets between the Ethereum and Solana networks.
“Users and projects that need to transfer liquidity to Solana have always faced restrictions due to a lack of liquidity in pools [межсетевого моста] Wormhole and high slippage when exchanging wrapped assets, because of which developers often had to deal with illiquid cryptocurrencies, ”- declared head of deBridge Alex Smirnov.
deBridge uses the DLN Trade system, which relies on a decentralized order book that allows you to directly exchange cryptocurrencies from different blockchains. In addition, the project uses the x-chain utility to save the value of coins.
“Leaving liquidity pools out of the equation, our asynchronous approach allows exchanges across x-chain without slippage or transfer restrictions,” the developers explained.
Recall that in April, developers launched a cross-chain bridge between Polygon and zkEVM based on zero-knowledge proof technology.
Earlier, DEX aggregator OpenOcean announced an integration with the Symbiosis Finance multi-chain liquidity protocol.
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