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BNB Chain has introduced a new cross-chain bridge in collaboration with Celer, deBridge, and Stargate to improve blockchain interoperability. The Binance-backed blockchain ecosystem, BNB Chain (formerly known as Binance Smart Chain), has announced the launch of the “BNB Chain Bridge.” This development is part of a joint effort with cross-chain technology providers Celer, deBridge, and Stargate.
According to an August 28 press release, the cross-chain bridge aims to facilitate asset transfers between BNB Chain and other blockchain networks. This initiative is expected to support developers and startups in promoting global web3 adoption.
In addition to the bridge, BNB Chain is also introducing a liquidity pool to streamline transfers from other chains to BNB Chain. For this solution, BNB Chain has 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.”
The launch of the BNB Chain Bridge is part of ongoing infrastructure development efforts by BNB Chain, including the recent launch of BNB Chain Fusion. This initiative aims to transition all staking and governance activities from BNB Beacon Chain to BNB Smart Chain, enhancing operational efficiency and aligning BNB Chain’s architecture with future technological demands.
Meanwhile, BNB Chain’s Most Valuable Builder Program has received 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. On August 22, BNB Chain announced that four of these teams secured investments from Binance Labs.
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