Popular Web3 blockchain provider, BNB Chain has partnered with Celer, deBridge and Stargate to launch its official bridge. The web3 blockchain service provider confirmed the development in a series of post on its Twitter page today.
Designed to enhance cross-chain interoperability, the newly-launched chain will improve liquidity in the BNB Chain ecosystem and attracts more DeFi projects to the network.
Alex Smirnov, the co-founder of deBridge says his firm is ready to continuously work with BNB to solidify its position in the market. Smirnov says deBridge as a canonical bridge provider has been supporting the top blockchain since its inception. He also emphasized the firm’s commitment to driving the innovation of the industry using real-time cross-chain transfers, guaranteed rates, and institutional liquidity.
The BNB Chain Bridge is designed to integrate seamlessly with Celar’s state channel-based cross-chain network. It also incorporates the deBridge interoperability framework and Stargate’s cross-chain liquidity solution.
Stargate Foundation Lead, Angus Lamps also shared his thought on the partnership. Lamps highlighted how the top blockchain has consistently emerged as the most popular ecosystems in the market. More so, according to him, the top blockchain played a significant role in the establishment of Stargate.
BNB Chain supports multiple chains including layer-2 networks
Worth noting that the BNB Chain Bridge also supports other range of blockchain and Layer 2 networks such as Ethereum, Arbitrum, Base, Polygon, Avalanche, Blast and Linea. It offers a more streamlined and efficient bridging experience for users, boasting competitive rates that surpasses those of centralized exchanges or third-party decentralized solutions.
In addition, as part of the launch, the top blockchain is also creating a liquidity pool to streamline transfers from other chains and ensure a broader initiative to grow its stablecoin ecosystem.
Meanwhile, over the years, the BNB Chain has undergone many upgrades to enhance the experience of its users. Last April, it launched its native liquid staking. The launch was to enable smooth transfer of the function of BNB Beacon Chain to BNB Smart Chain. As revealed, the Smart Chain was designed to align with the Chain’s technological demands.
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