bitcoin
Bitcoin (BTC) $ 20,157.00
ethereum
Ethereum (ETH) $ 1,119.39
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 219.32
binance-usd
Binance USD (BUSD) $ 1.01
cardano
Cardano (ADA) $ 0.472578
xrp
XRP (XRP) $ 0.328924
solana
Solana (SOL) $ 34.94
dogecoin
Dogecoin (DOGE) $ 0.068114

Polygon and Wanchain to build direct L2-to-L2 cross-chain bridge

Polygon, a platform for scaling and infrastructure development, and Wanchain, a decentralized interoperability solution, have announced a strategic partnership that will drive further adoption of layer-2 cross-chain bridges.


Wanchain will now deploy direct decentralized cross-chain bridges connecting Polygon with Arbitrum. This layer 2-to-layer 2 bridge will enhance Polygon’s growing suite of solutions, including Polygon Hermez, Polygon PoS, Polygon SDK, and Polygon Avail.

The partnership marks the first instance of using decentralized liquidity pools for a cross-chain bridge. This approach differs fundamentally from the industry-standard Lock-Mint-Burn-Unlock approach previously formalized by Wanchain.

“We recognized that needing to pass through when moving from one layer-2 to another is self-defeating. Wanchain’s new L2 bridges preserve the high transaction throughput and low costs of Polygon while remaining efficient […]”
– Li Ni, Wanchain VP of Business Development and Operations

Wanchain’s cross-chain infrastructure already supports Bitcoin, Ethereum, Wanchain, EOSIO, Smart Chain, Litecoin, Ledger, Moonriver, Avalanche, and Polkadot.

“By extending inroads between Abritrum and Polygon PoS, the cross-chain bridge will facilitate better liquidity and utility for users while fostering greater overall interoperability and growth for the ecosystem.”
– Sandeep Nailwal, Co-Founder at Polygon

Share:

Leave a Reply

Your email address will not be published.

Recent Highlights

USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 20,157.00
ethereumEthereum (ETH)
$ 1,119.39
tetherTether (USDT)
$ 1.00
xrpXRP (XRP)
$ 0.328924
litecoinLitecoin (LTC)
$ 53.14
dogecoinDogecoin (DOGE)
$ 0.068114
bitcoinBitcoin (BTC)
19.045,54
ethereumEthereum (ETH)
1.057,67
tetherTether (USDT)
0,94486
xrpXRP (XRP)
0,310787
litecoinLitecoin (LTC)
50,21
dogecoinDogecoin (DOGE)
0,064358
bitcoinBitcoin (BTC)
16,371.31
ethereumEthereum (ETH)
909.16
tetherTether (USDT)
0.81219
xrpXRP (XRP)
0.267149
litecoinLitecoin (LTC)
43.16
dogecoinDogecoin (DOGE)
0.055322

Recent Highlights