August 28, 2024 – BNB Chainthe community-driven blockchain ecosystem that includes the world's largest smart contract blockchainannounced the launch of BNB Chain Bridge. This milestone is being delivered in collaboration with three leading cross-chain technology providers: Celer, deBridge, and Stargate. The new bridge aims to improve cross-chain interoperability, liquidity, and user experience on BNB Chain, aligning with its vision of supporting developers and startups to bridge the chasm and its mission to promote global adoption of Web3.
In addition to implementing the bridge, BNB Chain is establishing a liquidity pool to simplify transfers from other chains to BNB Chain. This is part of a broader effort to develop a growing stablecoin ecosystem on BNB Chain. With its commitment to consistent access to abundant liquidity, BNB Chain Bridge will provide an enhanced user experience by ensuring that users can always transfer their assets quickly while offering the most competitive rates for the bridge to BNB Chain.
BNB Chain Bridge integrates Celer’s state channel-based cross-chain network, deBridge’s robust interoperability framework, and Stargate’s cross-chain liquidity solution. This integration allows BNB Chain to seamlessly connect with other blockchains, expanding the reach and functionality of its network. Furthermore, this is expected to attract more projects to BNB Chain, helping them achieve true commercial success and reach a wider audience.
The integration of these advanced cross-chain protocols will enhance the capital efficiency of assets on BNB Chain and enable the development of a wider range of DeFi products and services. As blockchain technology evolves, the need for efficient, convenient, and cost-effective cross-chain interoperability services becomes increasingly important. By collaborating with leading cross-chain technology providers, BNB Chain is strengthening its position in the blockchain market.
Alex Smirnov, co-founder of deBridge, said: : ” Having supported BNB Chain since day one of deBridge, it is a huge honor to be selected as the canonical bridge provider for the official BNB Chain Bridge Aggregator. We look forward to cementing BNB Chain as part of a unified DeFi marketplace through real-time cross-chain transfers, collateralized rates, and institutional liquidity.”
Angus Lamps, head of the Stargate Foundation, added: : ” We are very excited to be a part of the canonical BNB Chain bridge. BNB Chain played a huge role in the origins of Stargate and has always been one of the most popular ecosystems on the bridge.”
Mo Dong, co-founder of Celer Network, noted : ” BNB Chain has been an important partner since the launch of cBridge, and we are thrilled to be one of the canonical bridges for BNB Chain! BNB Chain is doing an incredible job and we look forward to the expanded cross-chain interoperability and improved user experience that BNB Chain Bridge will bring to the mainnet.”
About BNB Chain
BNB Chain is a community-driven blockchain ecosystem that removes barriers to Web3 adoption. It consists of:
- BNB Smart Chain (BSC) : A secure DeFi hub with the lowest gas fees of any EVM-compatible L1; serves as the ecosystem's governance chain.
- opBNB : A scalable L2 solution offering the lowest gas fees of any L2 and fast processing speeds.
- BNB Greenfield : Meets the ecosystem's decentralized storage needs and allows users to create their own data marketplaces.
By setting the bar high for safety, the community AvengerDAO protects BNB Chain users while Red Alarm provides a real-time risk scanner for Dapps. The ecosystem also offers a range of monetary and ecological rewards as part of its developer support program.
To learn more, follow BNB Chain on X or start exploring via our Dapps library.
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