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.
Bao.finance and Blocknet and Frax.finance are three projects that specifically want to join Avalanche (https://www.avalabs.org/) that aim to bring together all forms of assets on its highly scalable platform.
These projects already have varying degrees of presence on Ethereum, Binance Smart Chain, Fantom and xDAI but aims for more and see new opportunities in Avalanche and AnySwap helps make it reality.
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 2,153% to over 1,225,000, and unique wallets increasing by 2,910% to top 64,500.
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.
In order to apply for bridging of new tokens fill out this form with information about your project https://dard6erxu8t.typeform.com/to/C7RwF08A
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:
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.
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.