BNB Chain Introduces New Cross-Chain Bridge with Key Partners

BNB Chain has unveiled its new official bridge, developed in partnership with Celer, deBridge, and Stargate to enhance cross-chain connectivity and liquidity within the BNB Chain ecosystem.

The bridge aims to attract more decentralized finance (DeFi) projects to BNB Chain by facilitating smoother cross-chain operations and providing real-time transfers, guaranteed rates, and institutional-level liquidity.

The integration includes:

• Celer’s state channel-based network
• deBridge’s interoperability framework
• Stargate’s cross-chain liquidity solutions

READ MORE:

Sony Launches Public Blockchain Testnet and Developer Program

deBridge co-founder Alex Smirnov expressed enthusiasm about their role, highlighting the bridge’s potential to unify the DeFi market. Stargate Foundation Lead Angus Lamps also noted the importance of BNB Chain in the development of Stargate and its ongoing popularity.

The BNB Chain Bridge will connect with multiple blockchains and Layer 2 networks, including Ethereum, Arbitrum, Base, Polygon, Avalanche, Blast, and Linea. It is designed to offer a more streamlined and cost-effective bridging experience compared to centralized exchanges and third-party decentralized solutions.

Additionally, BNB Chain is establishing a liquidity pool to facilitate smoother cross-chain transfers and bolster its stablecoin ecosystem.

Earlier this year, BNB Chain launched a rollup-as-a-service solution for expanding custom Layer 2 networks. In June, BNB reached an all-time high of $700 but has since corrected, trading around $540 recently.

Alexander Stefanov