The deBridge cross-chain interoperability and liquidity-transfer project announced its mainnet launch. Its infrastructure is available on the Ethereum, BNB Chain (formerly Binance Smart Chain), Huobi Eco Chain, Arbitrum and Polygon networks, ForkLog representatives said.<\/p>\n
DeBridge provides users and other protocols with the ability to send assets and arbitrary data between different blockchains. This enables a range of cross-network interaction scenarios, including token transfers, cross-chain governance, and oracle data exchanges.<\/p>\n
The deBridge team believes the protocol addresses liquidity and technology fragmentation. According to the project’s website<\/a>, it is a unified standard in which \u201cinteroperable transfers and swaps between any blockchains can be executed from a single interface.\u201d<\/p>\n \u201cWith the launch of the protocol in mainnet networks, deBridge officially enters a new era of multi-chain interoperability, unlocking opportunities for rapid technology development in the realms of DeFi, NFT and DAOs built atop multiple blockchains and layer-2 solutions,\u201d said co-founder and CEO Alexey Smirnov.<\/p>\n<\/blockquote>\n The deBridge team also announced partnerships with DEX aggregators ParaSwap and 1inch. Together they will work on building the infrastructure for efficient cross-chain asset exchanges. Cross-chain swaps will be among the first applications built on the deBridge platform.<\/p>\n The project has undergone security audits by Halborn, Zokyo and Ackee Blockchain, and also launched<\/a> a bug-bounty program on Immunefi.<\/p>\n In September 2021, deBridge raised<\/a> $5.5 million as part of a seed funding round, with ParaFi, Animoca Brands, Huobi Ventures, Crypto.com and other investors participating.<\/p>\n Earlier, Vitalik Buterin stated that he supports the concept of a multi-chain ecosystem, but is pessimistic about cross-chain bridges<\/a>. Specifically for ForkLog, Alexey Smirnov examined the Ethereum founder’s theses<\/a> and explained why 51% attacks are not a death sentence for such protocols.<\/p>\n Earlier in February 2022, cross-chain protocol Axelar raised $35 million<\/a> at a valuation of $1 billion.<\/p>\n\n