Connext and Gelato Work Together to Automate Cross-Chain ERC20 Transfers Using Gelato’s Multichain Relay API

Published on: 19.11.2021

 Connect, one of the leading interoperability protocols live today, just launched its integration of Gelato’s industry-leading execution network to automate the fulfillment of cross-chain token transfers across Polygon, Fantom, BSC, and AVAX.

By relaying transactions across multiple chains using one API, Gelato is increasing the scalability, dependability, and efficiency of Connext while ensuring that transactions get executed in a more decentralized fashion. This enables Connext to provide an even more user-friendly and robust bridging experience to their users going forward.

About Connext

Connext is the leading protocol for fast, fully noncustodial transfers and contract calls between EVM-compatible chains. Anyone can use Connext to send transactions of value or calldata across chains and rollups. Yet, unlike the majority of other interoperability systems, Connext enables these abilities without introducing any new trust assumptions or external validators. Through the use of cross-chain focused liquidity providers called routers, Connext is able to facilitate cross-chain swaps and relay calldata across chains without a hitch.

About Gelato Network

Gelato Network is the automation layer of Web3, DeFi, and beyond. Gelato is building the underlying infrastructure ensuring reliable automation on top of public blockchains and with it a key part of the Web3 middleware stack, enabling trustless, automated flows of value between smart contracts. Serving a multitude of use cases, Gelato has powered limit orders, debt refinancing, and LP management across multiple chains and has partnered with the leading DeFi and blockchain projects like Instadapp, MakerDAO, QuickSwap, and many more.

SOURCE:
Medium

Market Stats:
BTC Dominance: 59.55%(-0.29%/24h)
ETH Dominance: 12.41%(-0.27%/24h)
Defi Market Cap: $85.29B(-13.97%/24h)
Total Market Cap: $3037.21B(+4.78%/24h)
Total Trading Volume 24h: $192.77B(-14.98%/24h)
ETH Market Cap: $377.06B
Defi to ETH Ratio: 22.62%
Defi Dominance: 2.69%
Altcoin Market Cap: $1228.52B
Altcoin Volume 24h: $118.72B
Total Cryptocurrencies: 32222
Active Cryptocurrencies: 10060
Active Market Pairs: 89370
Active Exchanges: 760
Total Exchanges: 9578
BTC: 91446.19$(0.2%/1H)
ETH: 3130.16$(-0.1%/1H)
AVAX: 35.04$(1.49%/1H)
BNB: 624.52$(0.36%/1H)
MATIC: 0.38$(0.86%/1H)
FTM: 0.73$(1.01%/1H)
ADA: 0.73$(0.21%/1H)
DOT: 5.28$(1.13%/1H)
UNI: 8.81$(1%/1H)
CAKE: 1.87$(0.66%/1H)
SUSHI: 0.76$(0.28%/1H)
ONE: 0.01$(-0.02%/1H)