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
Animoca Brands Strategic Partnership with Hi
Global Crypto News
29.07.2023
Animoca Brands Strategic Partnership with Hi
PancakeSwap DEX Expansion to zkSync EraNetwork
Crypto Market News
29.07.2023
PancakeSwap DEX Expansion to zkSync EraNetwork
Sequoia Reduces Crypto Fund Size to $200M from $585M
Crypto Market News
29.07.2023
Sequoia Reduces Crypto Fund Size to $200M from $585M
Google Embraces NFT-Related Content
Crypto Market News
15.07.2023
Google Embraces NFT-Related Content
Ripple’s SEC Case Yields Partial Victory for Crypto Industry
Crypto Market News
15.07.2023
Ripple's SEC Case Yields Partial Victory for Crypto Industry
Stay Up to Date with Us
Market Stats:
BTC Dominance: 53.34%(+0.59%/24h)
ETH Dominance: 16.63%(-0.41%/24h)
Defi Market Cap: $86.11B(+24.02%/24h)
Total Market Cap: $2318.01B(-2.48%/24h)
Total Trading Volume 24h: $66.39B(+24.68%/24h)
ETH Market Cap: $385.73B
Defi to ETH Ratio: 22.32%
Defi Dominance: 3.53%
Altcoin Market Cap: $1081.56B
Altcoin Volume 24h: $41.08B
Total Cryptocurrencies: 29454
Active Cryptocurrencies: 9847
Active Market Pairs: 82595
Active Exchanges: 754
Total Exchanges: 8398
BTC: 62789.36$(-0.32%/1H)
ETH: 3158.62$(-0.7%/1H)
AVAX: 34.75$(-0.34%/1H)
BNB: 590.43$(-0.22%/1H)
MATIC: 0.7$(-1.97%/1H)
FTM: 0.71$(-1.05%/1H)
ADA: 0.45$(-0.64%/1H)
DOT: 6.56$(-0.89%/1H)
UNI: 7.61$(-0.82%/1H)
LINK: 13.87$(-0.56%/1H)
CAKE: 2.67$(-0.64%/1H)
SUSHI: 1.01$(-1.15%/1H)
ONE: 0.02$(-0.84%/1H)