BNB Chain collaborates with Celer, deBridge, and Stargate to launch its official bridge, improving cross-chain interoperability and attracting more DeFi projects.
Bollywood Fever: BNB Chain has launched its official bridge in collaboration with three cross-chain technology providers: Celer, deBridge, and Stargate. This new bridge aims to enhance cross-chain interoperability and liquidity within the BNB Chain ecosystem, with the goal of attracting more DeFi projects to the network, according to a statement shared with The Block.
“Having supported BNB Chain since day one of deBridge, it’s a tremendous honor to be selected as a canonical bridge provider for the official BNB Chain bridge aggregator,” said Alex Smirnov, co-founder of deBridge. We can’t wait to cement BNB Chain as part of a single unified DeFi market through real-time cross-chain transfers, guaranteed rates, and institutional liquidity.
The BNB Chain Bridge integrates with Celer’s state channel-based cross-chain network, deBridge’s interoperability framework, and Stargate’s cross-chain liquidity solution. “We’re very excited to be part of the canonical BNB Chain bridge. BNB Chain played a huge role in the origins of Stargate, and has consistently been one of the most popular ecosystems on the bridge,” added Angus Lamps, Stargate Foundation Lead.
The bridge supports a wide range of blockchains and Layer 2 networks, including Ethereum, Arbitrum, Base, Polygon, Avalanche, Blast, and Linea. It aims to provide users with a simpler and more efficient bridging experience, offering competitive rates compared to centralized exchanges or third-party decentralized solutions.
As part of this launch, BNB Chain is also creating a liquidity pool to streamline transfers from other chains, supporting its broader initiative to grow its stablecoin ecosystem.
Earlier this year, in March, BNB Chain introduced a rollup-as-a-service solution to facilitate the expansion of custom Layer 2 networks within its ecosystem. In June, BNB Chain’s native cryptocurrency, BNB, reached a new all-time high, surpassing the $700 mark. However, it has since experienced a decline alongside a broader crypto market correction, currently trading around $540.
The launch of the official BNB Chain Bridge marks a significant step in strengthening the network’s position in the DeFi space, aiming to offer seamless and efficient cross-chain interactions.
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