Multichain has integrated with the Rootstock blockchain to facilitate the transfer of ETH, USDC, BUSD, and other assets between Rootstock, Ethereum, and BNB Chain. It marks a significant achievement for Multichain by integrating the first Bitcoin sidechain to enable greater access to DeFi on Bitcoin.
July 4 – Gibraltar, UK – Users of the Multichain bridge can now benefit from the addition of Rootstock. Multichain supports over 53 blockchains, 2400+ bridges, and thousands of assets, including ETH, USDC, BUSD, BNB, WBTC, and DAI.
To date, Multichain processes hundreds of millions of dollars in daily volume thanks to its growing community spanning thousands of daily users. Moreover, Multichain represents over $3 billion in Total Value Locked, making it one of the top players in the cross-chain field.
Adding support for Rootstock signifies a new chapter for Multichain. Rootstock is the first sidechain on Bitcoin to be integrated. It holds a unique position between Bitcoin enthusiasts and EVM-powered DeFi on the most secure smart contract platform in the world.
Multichain’s integration of Rootstock provides core benefits to builders leveraging Rootstock. For instance, they do not need to spend resources on building bridges to access capital and addressable markets. Additionally, they have a shorter time to market for new platforms built on Rootstock. Lastly, the ongoing updates and optimizations of the Multichain bridge will benefit Rootstock builders.
Multichain recently introduced a new version of its anyCall interoperability protocol enabling cross-chain messages and name contracts. It will be a powerful tool for the development of cross-chain decentralized applications on Rootstock and other supported networks.
Users can start bridging their ETH, USDC, BUSD, BNB, WBTC, and DAI between Rootstock, Ethereum, and, coming soon, BNB Chain. Multichain will make further chains and tokens available for Rootstock network bridging over the coming weeks and months.
About Multichain
On July 20th, 2020, Multichain was born as Anyswap to address the clear need for distinct and diverse blockchains to communicate with one another. Multichain promotes interoperability across different networks and actualizes smooth asset and value transfers through its cross-chain architecture. Multichain is leading the cross-chain sector with over 53 (and growing) non-EVM and EVM chains integrated.
About Rootstock
Rootstock is the first, biggest, and longest lasting Bitcoin sidechain. It is the only Bitcoin layer 2 that combines the security of Bitcoin’s proof-of-work, with Ethereum’s smart contract capabilities.
Rootstock is open-source, EVM-compatible, and secured by over 60% of Bitcoin’s hashing power, which makes it a gateway to a vibrant ecosystem of dApps that continues to evolve to become fully trustless.
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