BNB Chain has launched a new cross-chain bridge in partnership with Celer, deBridge, and Stargate to enhance blockchain interoperability.
The Binance-backed blockchain ecosystem BNB Chain (formerly Binance Smart Chain) has unveiled a new cross-chain bridge called “BNB Chain Bridge,” developed in collaboration with cross-chain technology providers Celer, deBridge, and Stargate.
Per an Aug. 28 press release shared with crypto.news, the cross-chain bridge is designed to streamline asset transfers between BNB Chain and other blockchain networks, supporting developers and startups in advancing global web3 adoption.
In addition to the bridge, BNB Chain is also launching a liquidity pool to “streamline transfers from other chains to BNB Chain.” For this latest solution, BNB Chain integrated Celer’s state channel-based network, deBridge’s interoperability framework, and Stargate’s liquidity solution to simplify cross-chain transactions.
“Through its commitment to consistent access to ample liquidity, BNB Chain Bridge will provide an enhanced user experience by ensuring users can always bridge their assets quickly while offering the most competitive rates for bridging to BNB Chain.”
BNB Chain
BNB Chain expands blockchain infrastructure
The launch of the BNB Chain Bridge follows months of infrastructure development, including the launch of of BNB Chain Fusion, which aims to transition all staking and governance activities from BNB Beacon Chain to BNB Smart Chain. This effort is intended to enhance operational efficiency and align BNB Chain’s architecture with future technological demands.
Meanwhile, BNB Chain’s Most Valuable Builder Program has seen over 700 applications, with fewer than 2% being accepted. In its latest season, 13 standout teams were selected for their innovative contributions to the web3 space. BNB Chain announced on Aug. 22 that four of these teams secured investments from Binance Labs.
Read more: BNB Chain to reward meme coin issuers with prizes up to $1m
