Blockchain technology has opened up new avenues for decentralized finance (DeFi), but its evolution has been hampered by the creation of numerous blockchain platforms themselves.
Because each blockchain has its own language, transferring one native asset to another can be challenging, particularly if the two blockchains do not share the same data.
PolyNetwork, a worldwide cross-chain protocol, is striving to eliminate these hurdles by enabling blockchain interoperability—meaning, two or more separate blockchains can now share the same information, allowing various activities to happen such as bridging or trading.
Since its inception, it has conducted more than $16 billion USD in cross-chain asset transfers by integrating some of the most known blockchains, including Ethereum, Polygon, Avalanche, Fantom, BNB Chain, Arbitrum, Optimism, and others.
With the adoption of the Nautilus Chain in its ecosystem, assets can now be transferred from Naulitus to another or vice versa, allowing native crypto assets to be freely exchanged.
PoseiSwap, which runs on the Nautilus Chain, will benefit from this integration by making it easier for users to trade their Nautilus-bridged assets.
More information will be provided in the future, particularly after PoseiSwap is launched on the mainnet.
Stay tuned!
