Summary
- Hyperlane said it is providing WBTC transfer functionality between Ethereum (ETH) and Solana (SOL) via the Nexus Bridge.
- It added that this makes it possible to move Bitcoin (BTC)-based liquidity between the two networks.
- It noted that the range of Bitcoin liquidity use could expand across DeFi services in the Solana ecosystem.
Hyperlane, a platform for building cross-chain applications, now supports transfers of Wrapped Bitcoin (WBTC) between the Ethereum and Solana networks.
According to The Block, a crypto-focused media outlet, on the 12th (local time), Hyperlane (HYPER) said it is providing WBTC transfer functionality between Ethereum (ETH) and Solana (SOL) via the Nexus Bridge. This enables Bitcoin (BTC)-based liquidity to move between the two networks.
WBTC said, "Through Hyperlane, users will be able to tap BTC-based liquidity on Solana while maintaining security and permissionless access." The development is expected to broaden the scope of Bitcoin liquidity use across DeFi services within the Solana ecosystem.
Hyperlane is a platform that provides a messaging protocol connecting various blockchain networks, aiming to enhance asset mobility and interoperability in a multichain environment.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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