The Avalanche team has launched Teleporter, a tool designed to enhance messaging processes within the project’s subnet ecosystem.
The Age of Interoperability is here ??
With today’s launch of Teleporter, Avalanche becomes a seamlessly linked network of many chains that communicate so smoothly they feel like a single chain.
Let’s dig in to Teleporter and all its amazing benefits ? pic.twitter.com/PWavAtOLxd
— Avalanche ? (@avax) March 6, 2024
Teleporter is built on the Avalanche Warp Messaging (AWM) protocol.
The implementation of this new cross-chain data exchange solution was made possible by the Durango update, which included the activation of AWM in the Avalanche C-Chain EVM network.
Teleporter aims to provide seamless connectivity between any EVM-compatible chains within the ecosystem, eliminating fragmentation.
Developers cited potential uses for Teleporter, including:
- access to price oracles and unobstructed data exchange without third-party involvement;
- creating a gaming environment where one subnet can utilize the functions of another;
- institutions using the USDC stablecoin as a gas payment token;
- enabling access through NFTs to options across various chains.
According to them, the list goes on and on.
“Together, AWM and Teleporter provide a new foundation for how Avalanche blockchains can interact, and developers of dapps can create fully functional cross-chain applications,” the statement reads.
As a result of the Durango upgrade, support for the Avalanche Wallet has been completely discontinued. Users are advised to switch to Core Stake, which offers enhanced functionality, including staking and portfolio management.
With Durango successfully activating on mainnet today, https://t.co/6WDOAtKJGd has been officially discontinued and is no longer maintained by @avalabs.
Users are encouraged to transition to @coreapp for all validating & delegating needs.
More details? https://t.co/FjpspIT3CH
— Avalanche ? (@avax) March 7, 2024
The AVAX token has risen by 4% in the past 24 hours and is trading around $42.5 (CoinGecko).
Back in February, the Avalanche ecosystem experienced a disruption that halted block production for several hours.