Wormhole Adds Binance Smart Chain Support to Network Bridge
During the first week of September, the Wormhole Network’s ethereum solana bridge was introduced to the Solana community and the following week, developers released a bi-directional connection for blockchain non-fungible token (NFT) collectibles. On Monday, the Wormhole dev team revealed it has added Binance Smart Chain support to the token and NFT bridge platform. Wormhole Now Connects Solana to Binance Smart Chain The crypto asset solana (SOL) has propelled its way to the top seventh position, in terms of market valuation, among 10,000+ digital assets in existence.....
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Last Friday, blockchain project the Wormhole Network launched the protocol’s ethereum solana bridge which enables users to exchange assets from both networks in a cross-chain fashion. Five days later, the Wormhole Network team announced the launch of a non-fungible token (NFT) bridge for transferring NFTs between both blockchains.
Wormhole Launches Ethereum Solana NFT Bridge
The cryptocurrency network Solana (SOL) has been making waves during the last few months and recently made it into the top ten crypto assets ranked by market valuation. SOL has gained more than 12%....
On September 17, 2021, Solana protocol fans were introduced to the launch of the Wormhole Network’s ethereum – solana bridge, which means assets between each chain can be intermingled. The launch announcement notes that Saber, the Solana-fueled protocol with more than $4 billion total-value locked (TVL), will support migration from Wormhole V1 to V2. Wormhole Launches Ethereum – Solana Bridge Solana has risen 5,504% in value during the last year and today, solana (SOL) is a top ten crypto-asset holding the seventh largest position in terms of market capitalization. At....
Reports indicate that the Wormhole Network’s ethereum solana bi-directional bridge has been exploited by an attacker for *93,750 ether or more than $250 million using today’s ethereum exchange rates. The developers behind the Wormhole Network have told the public the network is “down for maintenance,” as the team “looks into a potential exploit.”
*Editor’s Note: This post has been updated to reflect new information provided by the Wormhole team that says the bridge was exploited for 120,000 WETH.
Wormhole Network’s....
Ethereum liquidity will no longer have to go through FTX to reach Solana. Solana, the smart contract platform that recently entered the spotlight thanks to FTX’s Serum, announced the upcoming release of what it says is a decentralized bridge for Ethereum ERC-20 tokens.Called Wormhole, the bridge would allow users to transfer value between the different blockchains, turning ERC-20 tokens into Solana’s corresponding SPL standard.The bridge is currently being audited by Kudelski, a major Swiss security firm. Anatoly Yakovenko, the CEO of Solana, told Cointelegraph that release is expected for....
The second-largest decentralized finance hack to date brings about questions about the Solana ecosystem and cross-chain protocols. Solana has become one of the fastest-growing smart contract blockchain networks since it was first officially launched in March 2020. The total value locked (TVL) on decentralized finance (DeFi) protocols on the network grew from nearly $152 million in March 2021 to $8.08 billion at the time of writing, as per data from DefiLlama.Simultaneously, the network has also been subject to several network issues and outages. Most recently, the Wormhole token bridge was....