Meet the two major cross-blockchain bridge players, Orbit Bridge x Multichain!
Orbitchain is thrilled to announce its partnership with Multichain to build the Co-Mint architecture.
Co-Mint is a multiple minter bridging solution launched by Multichain, a radical bridge solution to unify blockchain bridges.
Through this intimate collaboration and combining their strong points, they build a bridge to connect fragmented blockchain and dispersed liquidity just like Orbit Chain’s original identity, connect the unconnected.
To be more specific, the first cooperation will take place in Meshswap which would step up to the representative DEX protocol in the Polygon network. Through co-mint technology that would present the interoperability solution, they will bring a significant amount of liquidity influx into the Polygon DeFi ecosystem. As two of the most powerful players in the decentralized bridge market have allied, they have endless potential to accomplish diverse goals and provide extensive development of DeFi.
Multichain, the top-tier cross-chain router protocol (CRP), is an infrastructure for on-chain crypto interoperability that aims to be the ultimate router for Web3. Multichain has been working to develop the best cross-chain interoperable products and solutions. It has spent time and effort with a wide range of ecosystem partners to jointly build the multi-chain future. Multichain enabled its v2 (Bridge) and V3 (Router) products with Co-Mint feature, which makes a bridge truly compatible with others a real thing, a big step for the cross-chain field.
Since the great launch of Orbit Bridge in 2020, Orbit Bridge engages in a lot of efforts to maximize the potential capacity of the ecosystem. Orbit Bridge has responsibility for nourishing DeFi projects and connecting to other flourishing ecosystems existing on Ethereum, Klaytn, and others. As Orbit Chain broadens its ecosystem, we communicate with various teams that are ambitious about performing as a trend leader in the blockchain industry.
As Key players of the blockchain interoperability field, Orbit Bridge and Multichain build strong partnerships to enlarge ecosystems through friendly rivalry. It is the first time in blockchain history that interoperability protocols currently connecting diverse mainnets cooperate for communicating with each other. Each network has its own development languages and features so that the services they provide have originality upon its own community and ecosystem. With the conditions mentioned, securing reliable exchange values and data between the chains comes up as our priority.
Orbit Bridge and Multichain enable blockchains to interoperate universally. As the market expands its boundary, a number of cross chain bridges appeared to take the advantageous position by competing in the market faster than other competitors. When networks are interoperable, DeFi applications benefit from adequate liquidity and a wider user base. The connection offers a compatible means of secure operation despite the multiple networks operating in different protocols. So now, they suggest an original model that makes multiple bridges to co-mint the same assets on one minter contract. However, there are additional restrictions when bridges transfer tokens and information from one network to another such as liquidity fragmentation as most bridges are incompatible with each other. The goal of the Co-Mint bridge is to act as the mediator to bring liquidity together between multiple bridges and promote the blockchain network and ecosystem.
About Multichain
Multichain, born as Anyswap on the 20th July 2020, is positioned as a decentralized Cross-Chain Router Protocol (CRP), an infrastructure supporting multi-chain ecosystem. Multichain envisions to be the ultimate router for web3.
Multichain is now the leader in the cross-chain field with a rapidly expanding ecosystem. It currently supports 41 chains and has deployed over 1,800 token bridges. It has sustained daily trade volume of more than $300 million and Total Value Locked in excess of $8.6 billion. Nearly 10,000 daily users are testament to its popularity and security.
About Orbit-chain
Orbit-chain is a multi-asset blockchain that stores, transfers, and verifies information and assets which exist on various public blockchains through decentralized Inter Blockchain Communication (IBC).
