Allbridge, a cross-chain bridge that lets customers switch property between completely different blockchain networks, at this time introduced $2 million in funding led by Race Capital. Allbridge affords a easy technique to bridge tokenized property between Ethereum Digital Machine (EVM) and non-EVM appropriate blockchains.

Within the seven months since launch, Allbridge has bridged over $4.8B in property, making it the biggest cross-chain asset bridge supporting Solana, Fantom, Avalanche, Celo, Polygon, Ethereum, BSC, Terra, and extra.

Based by Andriy Velykyy and Yuriy Savchenko, who’ve labored collectively since 2016 on many alternative crypto funds integrations and non-custodial multi-chain crypto wallets, Allbridge goals to attach every kind of layer-1 and layer-2 networks to carry extra interoperability to DeFi.

Not solely does Allbridge allow customers to work together with and switch property between EVM-based blockchains like Ethereum, Polygon, and BSC, it additionally bridges non-EVM appropriate blockchains like Solana and Terra.

“We need to be the go-to platform that bridges each widespread blockchain and digital asset available on the market, enabling billions of token transfers each day. We’re additionally engaged on APIs that can allow builders to construct dApps on high of Allbridge. Cross-chain swaps constructed on Allbridge are the best technique to trade any asset between any networks, enabling new performance like cross-chain lending the place customers can leverage collateral on one chain to be able to obtain an asset on one other chain.”
– Andriy Velykyy, Co-Founder of Allbridge

Allbridge allows customers to pick out the community they need to present the liquidity to with simply a few clicks–at any time when and wherever they need.

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