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$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.