Allbridge releases a Stacks token bridge

Published on: 16.08.2023
Allbridge releases a Stacks token bridge

Allbridge releases a Stacks token bridge. This bridge will connect Stacks to 19 chains including Ethereum, Polygon, and Solana. This work was made possible through support early on from Daemon Technologies and Stacks Foundation grants.

With the release of the new bridge, you’ll have a smooth sailing experience when transferring your tokens and more freedom to move your assets between different networks, taking advantage of the unique perks that 19 different chains offer.

Transactions on Stacks layer automatically settle on Bitcoin, enabling you to build apps and digital assets that are integrated with Bitcoin security.

Allbridge is a platform dedicated to building bridges between different blockchain networks, fostering seamless communication and interoperability. Their expertise lies in connecting various ecosystems, with a particular emphasis on non-EVM chains like Stacks. This focus allows them to cater to a diverse range of projects and communities seeking efficient and secure cross-chain transfers.

“At Allbridge, we strive to be at the forefront of cross-chain innovation. The latest integration allows us to bring cross-chain interoperability to the Stacks network and broaden access to Bitcoin’s technology among the DeFi community. It also offers NFT enthusiasts the possibility to interact with Ordinals marketplaces available on Stacks.”— Andriy Velykyy, co-founder and CEO of Allbridge

“Allbridge’s support of Stacks is another important step toward an interoperable, multi-chain world. With the bridge in place, it’s now easier than ever for new users and developers from other ecosystems to access applications powered by and secured by Bitcoin via the Stacks layer.”— Mitchell Cuevas, Director of Activation at Stacks Foundation.

Allbridge’s mission is to make the blockchain world borderless and provide a tool to freely move assets between different networks.

ABOUT Stacks

Stacks is a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain.

 Website | Twitter

ABOUT Allbridge

Allbridge Classic is a simple, modern, and reliable way to transfer assets between different networks. It is a bridge between both EVM and non-EVM compatible blockchains. Our mission is to make the blockchain world borderless by providing a tool to freely move assets between various blockchains.

 Website | Twitter

RESOURCES

Allbridge

REQUEST AN ARTICLE
Market Stats:
BTC Dominance: 53.9%(+0.16%/24h)
ETH Dominance: 17.51%(+0.01%/24h)
Defi Market Cap: $85.13B(-8.46%/24h)
Total Market Cap: $2364.85B(-1.10%/24h)
Total Trading Volume 24h: $73.38B(-17.77%/24h)
ETH Market Cap: $414.31B
Defi to ETH Ratio: 20.55%
Defi Dominance: 3.42%
Altcoin Market Cap: $1090.23B
Altcoin Volume 24h: $44.28B
Total Cryptocurrencies: 30676
Active Cryptocurrencies: 10016
Active Market Pairs: 82084
Active Exchanges: 792
Total Exchanges: 8971
BTC: 64614.75$(-0.39%/1H)
ETH: 3444.8$(-0.2%/1H)
AVAX: 27.56$(-0.26%/1H)
BNB: 573.4$(-0.15%/1H)
MATIC: 0.53$(-1.23%/1H)
FTM: 0.5$(0.04%/1H)
ADA: 0.44$(-0.2%/1H)
DOT: 6.16$(-0.54%/1H)
UNI: 7.92$(-0.18%/1H)
CAKE: 2.01$(-0.24%/1H)
SUSHI: 0.74$(0.07%/1H)
ONE: 0.02$(0.47%/1H)