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.
AnySwap prioritized Avalanche due to high demand from the Avalanche ecosystem for its bridge, as well as a straightforward integration due to Avalanche’s own implementation of the Ethereum Virtual Machine (EVM). Bao.Finance, Blocknet and Frax.finance are a small selection of the projects that expressed interest in expanding a highly-scalable, performant blockchain to AnySwap.
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.
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 2,265% to over 1,228,000, and unique wallets increasing by 2,964% to top 65,500.
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.
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: