Zenlink & Nomad Partnership

Published on: 27.01.2022

ZenLink announced strategic partnership with Nomad.

Nomad was the first bridging solution to deploy their contracts to Moonbeam and is one of our preferred bridges for bringing ERC-20 assets to Moonbeam. With Nomad, institutions and end-users alike will be able to send value and call data between the Ethereum and Moonbeam ecosystems. This allows Ethereum and other EVM chains’ ERC-20 tokens to be available on Moonbeam, and subsequently the entire Polkadot ecosystem via XCM.

As of today, Zenlink natively supports bridging Ethereum assets to the Moonbeam network via Nomad, giving the Moonbeam community a world-class, fast, secure, and low-cost cross-chain bridging experience between Moonbeam and Ethereum.

Users can quickly reach the Nomad bridge interface via the Bridge button in the Zenlink DEX to complete cross-chain asset transfers.

Nomad is a novel interoperability protocol designed to lower costs and increase the security of cross-chain messaging. By leveraging an optimistic mechanism, Nomad lets users send messages and bridge assets securely, with the assurances that anyone watching can flag fraud and protect the system. The main trade-off Nomad makes is in introducing a dispute window to settle fraud proofs.

Zenlink is an underlying cross-chain DEX protocol based on Polkadot and is committed to becoming the DEX composable hub of Polkadot. By accessing the ultimate, open, and universal cross-chain DEX protocol based on Substrate, Zenlink DEX Protocol enables all parachains to build DEX and achieve liquidity sharing in one click. Zenlink DEX Protocol includes Module, WASM, and EVM implementations, which are flexible and adaptable, allowing for customizable compositions and interoperability with different DeFi modules.

📰 INFO

https://medium.com/zenlinkpro/zenlink-partners-with-nomad-to-bridge-assets-to-moonbeam-network-a884564946a2

Market Stats:
BTC Dominance: 56.84%(+0.17%/24h)
ETH Dominance: 11.96%(-0.06%/24h)
Defi Market Cap: $110.84B(-1.15%/24h)
Total Market Cap: $3322.91B(+3.23%/24h)
Total Trading Volume 24h: $161.65B(+10.67%/24h)
ETH Market Cap: $397.36B
Defi to ETH Ratio: 27.89%
Defi Dominance: 3.19%
Altcoin Market Cap: $1434.09B
Altcoin Volume 24h: $92.88B
Total Cryptocurrencies: 33283
Active Cryptocurrencies: 10607
Active Market Pairs: 97061
Active Exchanges: 779
Total Exchanges: 9869
BTC: 95342.28$(0.42%/1H)
ETH: 3298.03$(0.33%/1H)
AVAX: 36.94$(0.13%/1H)
BNB: 694.4$(-0.38%/1H)
MATIC: 0.46$(0.29%/1H)
FTM: 0.7$(1.49%/1H)
ADA: 0.94$(0.28%/1H)
DOT: 6.77$(0.45%/1H)
UNI: 13.88$(0.35%/1H)
CAKE: 2.34$(0.28%/1H)
SUSHI: 1.5$(0.57%/1H)
ONE: 0.02$(1.1%/1H)