DeBridge introduces Hooks for real-time data transfer across DeFi

Cross-chain interoperability protocol deBridge has launched deBridge Hooks to enable real-time, multi-chain data transfer across the decentralized finance ecosystem.

DdeBridge introduced the new feature in an announcement on October 8, stating that the introduction of deBridge Hooks will benefit developers and protocols looking for cross-chain communication.

What are deBridge Hooks?

With DeBridge Hooks, users such as market makers can now benefit from near-instant distribution of assets, user registration, onboarding processes and experiences. Hooks will also increase efficiency in decentralized finance applications.

Applications running on a chain can receive deposits into Ethereum (ETH) from another network—for example, from the Solana (SOL)-based lending protocol Kamino. DeBridge Hooks allows these transfers to occur in a single transaction, the platform said in a blog post. He explained that the protocols improved the success-bounce rate.

DeBridge Hooks also unlock use cases in risk management, allowing users to quickly withdraw their funds from one protocol and deposit them into another to avoid risks on platforms like (AAVE).

Integration with BNB Chain

On August 28, deBridge announced that it had integrated BNB Smart Chain to provide access to BNB Chain’s bridge aggregator. The partnership opens up real-time value transfers and institutional liquidity to BNB Smart Chain users.

In September, deBridge achieved milestones, including the deBridge Foundation’s implementation of centralized exchange streaming from demand. This allowed users to queue their claims for centralized exchange platforms such as Bybit, KuCoin, MEXC and Gate.io.

The platform also reached over $4 billion in volume and became a market maker for Bitcoin in Solana.