December 7, 2022

Cross-chain asset switch platform Octus Bridge has added Solana to its rising checklist of supported networks. Powered by the Everscale community, Octus Bridge facilitates lightning-fast liquidity transfers at fractional prices, serving to its reputation soar amongst Solana customers. 

Broxus, the event workforce behind Octus Bridge and a lot of different Everscale ecosystem mainstays, has introduced that Solana has been added to the platform’s checklist of supported networks. As one of many largest non-EVM blockchains, Solana is likely one of the trade’s most vital and broadly used networks. As such, its integration into Octus Bridge marks a significant step within the platform’s ongoing progress. 

Launched over a yr in the past, Octus Bridge has made waves in DeFi as a result of benefits it has over many different related bridging platforms. Working off of Everscale know-how, Octus Bridge has been in a position to translate the community’s low processing occasions and transaction charges into a useful instrument for anybody lively in DeFi. On the platform, customers can transfer property from chains with extra burdensome ready occasions and transaction charges to extra agile networks like Everscale, the place they’ll take pleasure in enhanced freedom of motion and participate within the quite a few DeFi choices out there. 

Solana is the eighth community to be formally built-in into the bridge, and its addition signifies that customers of any of the networks can switch property forwards and backwards straight between any of the related blockchains. Moreover, Broxus has been engaged on a Common Bridge function that might allow any blockchain asset to be transferred to and from the Everscale community, the place an identical asset could be created. Given Everscale’s distinctive technical capabilities, the rollout of such a function would put Octus Bridge in a main place to emerge as one DeFi’s most important platforms. 

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Customers from the Solana community have responded to the bridge integration enthusiastically, as evinced by Octus Bridge quickly rising to be the most well-liked platform of the month on the Solana web site. Given Solana’s measurement, the combination has opened up an unlimited gateway for newcomers to find the platform, one thing that’s solely more likely to improve as extra main platforms are built-in. 

Relating to the Solana addition, Vlad Ponomarev, CEO of Broxus had this to say: “It is a main step that we have now been working laborious to realize. Solana is a large community and a community that Octus Bridge is completely suited to. As a non-EVM blockchain, this offers our customers much more freedom in how they transfer their property, so we’re more than happy with its integration and are trying ahead to furthering main integrations.” 

About Everscale

Everscale is probably the most technologically superior blockchain in existence. Powered by an infinite sharding mechanism, Everscale adapts to any workload it’s tasked with with out the scale of the load affecting transaction occasions or processing charges. This makes it the best blockchain for internet hosting CBDCs and different load-intensive tasks. 

Over the previous two years, Everscale has emerged as one of many main blockchains in Asia, with a thriving group and sturdy ecosystem of DeFi platforms. The community is at present rolling out an Indonesian marketing campaign to combine itself with the Indonesian financial system and open new doorways for Indonesians into the world of DeFi and cryptocurrency.

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