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Wormhole Network Adds Binance Smart Chain Support to Bridge – Technology Bitcoin News


In the first week of September, the Ethereum-Solana bridge of the wormhole network was launched to the Solana community, and the following week, the developers released a two-way connection to collect blockchain non-fungible tokens (NFT). On Monday, the Wormhole Dev team revealed that it has added token and NFT bridge platforms to Benson Smart Chain support.

Wormhole now connects Solana to the Beyonc স্ম smart chain

Crypto assets Solana (SOL) has reached the top seventh position in terms of market valuation among 10,000+ digital assets. Now, every year, SOL has gained 5,987% but in the last 30 days, SOL 11 October has been close to 18%. Like Ethereum, the Solana protocol is used for decentralized money (DFI) and numerous DIFI platforms are built specifically for the Solana network.

One specific project by several SOL users is the wormhole network, which has recently passed $ 200 million Total Value Locking (TVL). As discussed in a recent article in Bitcoin.com News, cross-chain bridge technology has grown rapidly in recent months.

Moreover, the Matrix TVL recorded by Dun Analytics this week has risen across numerous bridges to 14 billion. The wormhole network allows users to switch Ethereum-Solana at any time, and users can now connect to the Benson Smart Chain in the same way.

V vibrant blockchain for cross-chain use

Data shows that Binance Smart Chain (BSC) is a popular definition blockchain that connects to other networks. BSC Anyswap Bridge is a connection that is used to access cross-chain technology. Last month, the BSc chain almost did Ten times The number of fixed transactions in the Etherium chain last month.

Connecting to the wormhole network will allow users to access a wider BSc ecosystem, the announcement of the project was sent out in a Bitcoin.com news report. Wormhole added that implementing support for the BSC protocol will allow users to:

  • Avoid double wrapping because the tokens are able to hold their original mint.
  • Connect creators and artists through its multi-directional highway to remove the cross-chain involved in the NFT and partner ecosystems.
  • Oracle data access across three chains with cross-chain governance, liquid stacking tokens and এ 172B in TVL.

While the Wormhole Network (WN) increased জন্য 200 million for the bridge, it shrunk in size to the Polygon Bridge, which today occupies $ 4.5 billion TVL and ফ 4.2 billion Phantom Aniswap Bridge. In fact, the bridge has a larger TVL than the WN Bridge, which originated from Ablanch, Arbitram, Hope and Zksync.

What do you think about implementing Wormhole Network Binance Smart Chain Support? Let us know what you think about this in the comments section below.

Tags in this story

$ 200 Million, 3 Blockchain, Arbitram, Avalanche, Beyonc স্ম Smart Chain, BSc, Ether, Etherium, Phantom, Ashabad, Polygon Bridge, SOL, SOL Network, SOL Protocol, Solana, Solana Network, Wormhole,

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