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Terra’s Cross-Chain Bridge Now Supports Solana, Avalanche, Fantom, Moonbeam, Osmosis

News Feed - 2022-04-13 01:04:54

Terra"s Cross-Chain Bridge Now Supports Solana, Avalanche, Fantom, Moonbeam, Osmosis


Terra Bridge, the cross-chain bridge protocol now supports Solana, Fantom, Moonbeam, Osmosis, and Avalanche according to Terraform Labs CEO Do Kwon. “Easiest way to move funds in crypto,” the Terraform Labs CEO explained in a tweet. Terra Bridge Adds 5 New Chains On April 12, 2022, Terraform Labs co-founder Do Kwon told his 352,800 Twitter followers that Terra Bridge, otherwise known as bridge.terra.money, now supports five new blockchain networks. Cross-chain bridge technologyhas come a long way over the last 12 months and in mid-September 2021, there was over $7 billion total value locked (TVL) across several bridges to Ethereum. Today, cross-chain bridges to ethereum hold $19.51 billion in value across over a dozen blockchain networks. “Bridge.terra.money now supports Avalanche, Solana, Osmosis, Fantom, and Moonbeam Network. The easiest way to move funds in crypto,” Do Kwon saidon Tuesday. The Terraform Labs co-founder also shared a screenshotof the protocol in action. In addition to the newly added Solana, Fantom, Moonbeam, Osmosis, and Avalanche networks, bridge.terra.money also supports Ethereum, Binance Smart Chain (BSC), Harmony, Secret, Injective, Cosmos, and Polygon. The Terra (LUNA) network has been a prominent fixture in decentralized finance (defi) in recent times as the network is the second-largest blockchain in terms of defi TVL, according to defillama.com stats. The value locked in Terra today is $26.14 billion or 12.52% of the $208 billion locked in defi on April 12. Anchor is the largest defi protocol on Terra with $14.38 billion locked and Lido is the second-largest defi protocol with $7 billion locked. Terra (LUNA) is also the fifth-largest smart contract platform coin by market capitalization with $29.8 billion today. Anchor recently added support for the Avalanche (AVAX) blockchain and the Luna Foundation Guard (LFG) recently explained it planned to purchase $100 million in AVAX, in addition to the non-profit’s bitcoin (BTC) reserves. Tags in this story 5 blockchains, Avalanche, Avalanche (AVAX), blockchains, Bridge, Bridges, Cross-chain, cross-chain bridge, crypto assets, Cryptocurrency, DeFi, Defi TVL, do kwon, Fantom, Moonbeam, osmosis, Solana, Terra, terra (LUNA), terraform labs


What do you think about Terra Bridge adding five support for five new blockchains? Let us know what you think about this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Total Value Locked in Defi Takes a Hit Losing $21 Billion in 6 Days DEFI | 2 days ago Total Value Locked in Defi Nears Lifetime High, Ethereum"s TVL Dominates by 54% DEFI | Apr 3, 2022


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBlackrock, Fidelity to Invest in Crypto Firm Circle’s $400 Million Funding Round Next articleMappedSwap Is Giving Away More Than 800,000 MST This April Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItKenya Central Bank Governor: Low Smartphone Penetration Working Against Plan to Launch CBDC


According to Patrick Njoroge, the governor of the Kenyan central bank, the significant number of non-smartphones that are in use in Kenya means launching a central bank digital currency (CBDC) now may be premature and could lead to many citizens ... read more.US Senator Cruz Introduces Bill to Prevent Federal Reserve From Using Digital Currency as Surveillance Tool Sanctions Motivate Russia to Create Own Crypto Market Infrastructure, Finance Ministry Says India"s Crypto Trading Volume Plummets as New Tax Rules Enter Into Force With Over 90% of BTC"s Supply Issued, Bitcoin"s Mining Difficulty Reaches a Lifetime High

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