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Cross-chain Protocol deBridge Team Announces Mainnet Launch

ByLouis Adams

Feb 17, 2022 #Blockchain
Reading time: < 1 minute

Cross-chain interaction and liquidity transfer project deBridge has announced the launch of its mainnet. Its infrastructure is available on the Ethereum, BNB Chain, Huobi Eco Chain, Arbitrum and Polygon networks.

deBridge allows users and other protocols to transfer assets and arbitrary information between different blockchains. This allows for a range of cross-chain scenarios, including token transfer, cross-chain governance and oracle data exchange.

The deBridge team believes the protocol solves the problem of liquidity and technology fragmentation. According to the project website, this is a unified standard in which “cross-chain transfers and swaps between any blockchains can be performed from a single interface.”

Alex Smirnov, co-founder and CEO of the project, said:

“With the launch of the protocol on the mainnet networks, deBridge officially enters a new era of multi-chain compatibility, which opens up opportunities for the rapid development of technologies in the fields of DeFi, NFT and DAO, created on top of many blockchains and second-layer solutions.”