Near Protocol Launches Rainbow Bridge

Global Crypto News
Published on: 08.04.2021

Big development for the NEAR Protocol for launching its Ethereum Bridge to give users cross-chain interoperability.

The Rainbow Bridge will allow users to transfer ERC-20 tokens between Ethereum and NEAR blockchains with faster and lower transaction cost.

With this bridge, demand in Ethereum blockchain will be reduced at the same time give developers a chance to build in NEAR without having to worry of losing Ethereum users.

NEAR Protocol is a proof-of-stake blockchain that uses dynamic sharding for scalability and backed by prominent investors a16z, Coinbase
Ventures, and Pantera Capital.

#SmartCrypto

Related
$90M Nobitex Hack Tied to Israel-Iran Conflict
Global Crypto News
21.06.2025
$90M Nobitex Hack Tied to Israel-Iran Conflict
Stablecoins Break into Mainstream Finance
Global Crypto News
14.06.2025
Stablecoins Break into Mainstream Finance
Web3 Innovation Goes Global
Global Crypto News
07.06.2025
Web3 Innovation Goes Global
Futu’s U.S. Crypto Service and Cantor’s Expansion
Global Crypto News
31.05.2025
Futu's U.S. Crypto Service and Cantor's Expansion
U.S. Senate Advances Stablecoin Regulation
Global Crypto News
24.05.2025
U.S. Senate Advances Stablecoin Regulation
Stay Up to Date with Us
Market Stats:
BTC Dominance: 59.4%(-0.23%/24h)
ETH Dominance: 9.81%(+0.01%/24h)
Defi Market Cap: $0B(+3.31%/24h)
Total Market Cap: $2481B(+0.58%/24h)
Total Trading Volume 24h: $89.45B(-10.53%/24h)
ETH Market Cap: $0B
Defi to ETH Ratio: 0%
Defi Dominance: 0%
Altcoin Market Cap: $1007.39B
Altcoin Volume 24h: $55.55B
Total Cryptocurrencies: 37610
Active Cryptocurrencies: 8274
Active Market Pairs: 113735
Active Exchanges: 948
Total Exchanges: 12210
BTC: 73546.13$(0.18%/1H)
ETH: 2017.46$(0.28%/1H)
AVAX: 8.93$(1.08%/1H)
BNB: 646.61$(0.36%/1H)
MATIC: 0$(0.95%/1H)
FTM: 0$(-0.27%/1H)
ADA: 0.24$(1.19%/1H)
DOT: 1.21$(1.02%/1H)
UNI: 3.07$(1.32%/1H)
LINK: 9.18$(1.39%/1H)
CAKE: 1.36$(0.81%/1H)
SUSHI: 0.2$(1.26%/1H)
ONE: 0$(1.62%/1H)