Wurmhoch adds Binance Smart Add CHAIN ​​Support of the Network Bridge - Technology

In the first week of September the Ethereum ↔ Solana Bridge of the Wormhole Network of the Solana community was presented and the following week the developers published a bidirectional connection for non-fungible tokens (NFT) collectors. On Monday, the Wormhole development team announced that Binance Smart added Chain Support of the token and NFT bridge platform.

Wurmhoch now connects Solana with Binance Smart Chain

The crypto-asset Solana (sol) driven. Now, since the beginning of the year, Sol has increased 5.987%, but in the past 30 days Sol has fallen by almost 18% on October 11th Defi platforms that were specially developed for the Solana network.

1/ We look forward to support for. to be able to announce @binancechain in the Wurmloch-Netzwerk! As of today, users can seamlessly token and NFTs via the ETH , Sol and BSC ecosystems!

- Wurmloch (@wormholecrypto) 11. October 2021

a concrete project levered The Wurmloch-Netzwerk is from a number of Sol users. href = "https://wormholebridge.com/#/Stats" rel = "noopener"> 200 million US dollars Total value closed (TVL). As was discussed in a recently published article by Bitcoin.com News, the cross-chain-bridge technology exponentially grown in recent months.

In addition, this week by dune analysis show TVL over a variety of bridges has to be shouted at over 14 billion dollar. The Wormhole Network enables users to use Ethereum ↔ Solana Swaps at any time and now users can connect to the Binance Smart CHAIN ​​in the same way.

Kreuz-Chain Application cases in 3 living blockchains

Data show that the Binance Smart Chain (BSC) is a popular defi blockchain associated with a number of other networks. The BSC Anyswap Bridge is a connection used to use cross-chain technology. Last month the BSC chain has approximately Ten times The number of transactions that have been handled over the Ethereum chain last month.

The connection with the Wormhole Network will enable users to access the huge BSC ecosystem, according to the project, which has been sent to Bitcoin.com News details. Wormhole adds that the implementation of the support for the BSC protocol enables the following:

• Avoid double packaging because tokens can keep their original mint.
• connect creators and artists via the multidirectional motorway to move NFTs and packaged assets across chains between the ecosystems involved.
• enables cross-chain governance, liquid staking token and access to Oracle data across the three chains with a TVL of $ 172 billion.

While $ 200 million are an increase for the Wormhole Network (WN) bridge, it fades in size compared to the polygon bridges, which today capture $ 4.5 billion, and the $ 4.2 billion from Fantom Anyswap Bridge. In fact, bridges that come from Avalanche, Arbitrum, Optimism and ZKSync also have larger TVLs than the WN bridge.

What do you think about the worm hole network, the Binance Smart implemented? Chain support? Let us know your opinion on this topic in the comments below.

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