AnySwap Integrates Avalanche for Its Cross-Chain Asset Bridge

Published by AVIX on

On launch, AVAX, ETH, and ANY will be supported–with applications actively open for additional Avalanche-based assets.

Interoperability between Avalanche and other blockchain platforms is continually growing. Today, AnySwap launches its integration of Avalanche within its cross-chain bridge built with a secure multi-party computing network (SMPC Network). The AnySwap cross-chain bridge allows users to perform decentralized, secure transfers of assets across multiple blockchain platforms.

AnySwap prioritized Avalanche due to high demand from the Avalanche ecosystem for its bridge, as well as a straightforward integration due to Avalanche’s own implementation of the Ethereum Virtual Machine (EVM). Bao.Finance, Blocknet and Frax.finance are a small selection of the projects that expressed interest in expanding a highly-scalable, performant blockchain to AnySwap.

Initially, AnySwap will support the bilateral transfer of AVAX, ETH, and ANY. Avalanche-based projects interested in adding their own tokens to the bridge can apply here. Applications are reviewed rapidly and on an ongoing basis.

Improving Cross-Chain Solutions Available for DeFi Users

Reliable interoperability solutions are still in the earliest phases, but rapidly coming online. With many blockchain ecosystems on the rise, the natural next step is to eliminate the friction between them by providing seamless connectivity in the ecosystem.

Earlier in February 2021, the Avalanche-Ethereum Bridge (AEB) launched to provide simple transfers between Avalanche and Ethereum ecosystems. Since the launch of AEB, smart contract activity on Avalanche has boomed, with transactions having increased by 2,265% to over 1,228,000, and unique wallets increasing by 2,964% to top 65,500.

AnySwap broadens the possibilities for cross-chain transfers between Avalanche, and blockchains it supports like Fantom, BSC, Huobi, and Ethereum.

Avalanche users will be able to connect to AnySwap with MetaMask or Ledger Nano S with 0.1% fees applied to each transfer.

Supporting the Growth of a Rapidly Growing Avalanche Ecosystem

Avalanche’s ecosystem grows alongside solutions for interoperability. To date, there are over 500 ERC-20 tokens and over 50 projects deployed on Avalanche. You can learn more about the Avalanche ecosystem and who is building on the platform by viewing the following resources:

About AnySwap

AnySwap is committed to building a unified ecosystem for the full circulation of digital assets, bringing more liquidity to the digital asset market, and creating a richer ecosystem. It provides users with channels for direct exchange of any two assets between different DeFi ecosystems. At present, AnySwap is running on multiple mainstream blockchains such as Ethereum, Binance Smart Chain, Avalanche, Fusion, Fantom, Huobi Eco-Chain, Polygon and xDAI etc.

About Avalanche

Avalanche is an open-source platform for launching decentralized applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Avalanche is the first decentralized smart contracts platform built for the scale of global finance, with near-instant transaction finality. Ethereum developers can quickly build on Avalanche as Solidity works out-of-the-box.

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AnySwap Integrates Avalanche for Its Cross-Chain Asset Bridge was originally published in Avalanche on Medium, where people are continuing the conversation by highlighting and responding to this story.

Categories: Avalabs