The Wrapped Bitcoin (WBTC) team, spearheaded by BitGo, has announced a strategic collaboration with Hyperlane to establish a cross-chain bridge for WBTC between the Ethereum and Solana blockchains. This partnership aims to enhance the interoperability of the most liquid wrapped version of Bitcoin, allowing users to seamlessly move their assets into Solana’s growing decentralized finance (DeFi) ecosystem. By utilizing Hyperlane’s permissionless interoperability layer, the bridge provides a secure and efficient path for liquidity providers and traders to leverage WBTC on Solana-based decentralized exchanges and lending protocols. The integration focuses on Hyperlane’s modular security architecture, which allows for decentralized verification and minimizes the risks associated with cross-chain transfers. As Solana continues to gain traction as a high-performance network, this bridge is expected to significantly increase the utility and market presence of WBTC outside of its native Ethereum environment, fostering greater connectivity between the two major blockchain infrastructures.
Source: Wrapped Bitcoin team taps Hyperlane for WBTC bridge between Ethereum and Solana
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