BNB Chain unveils cross-chain bridge to interconnect with other blockchains

BNB Chain has launched a new cross-chain bridge in partnership with Celer, deBridge, and Stargate with the aim of increasing blockchain interoperability.

Binance-backed blockchain ecosystem BNB Chain (formerly Binance Smart Chain) has announced a new cross-chain bridge called “BNB Chain Bridge,” developed in collaboration with cross-chain technology providers Celer, deBridge, and Stargate.

According to an August 28 press release shared with Crypto.news, the cross-chain bridge is designed to facilitate asset transfers between BNB Chain and other blockchain networks, helping developers and startups advance global web3 adoption.

In addition to the bridge, BNB Chain is also launching a liquidity pool to “facilitate transfers from other chains to BNB Chain.” For this latest solution, BNB Chain has integrated Celer’s state channel-based network, deBridge’s interoperability framework, and Stargate’s liquidity solution to simplify cross-chain transactions.

“BNB Chain Bridge will provide an enhanced user experience through its commitment to continuous access to abundant liquidity, allowing users to quickly connect their assets at all times and offering the most competitive rates for bridging to BNB Chain.”

BNB Chain

BNB Chain expands blockchain infrastructure

The launch of BNB Chain Bridge follows months of infrastructure development, including the launch of BNB Chain Fusion, which aims to migrate all staking and governance activities from BNB Beacon Chain to BNB Smart Chain. The aim of this effort is to increase operational efficiency and align BNB Chain’s architecture with future technological demands.

Meanwhile, BNB Chain’s Most Valuable Creator Program saw over 700 applications, less than 2% of which were accepted. In its latest season, 13 outstanding teams were selected for their innovative contributions to the web3 space. BNB Chain announced on August 22 that four of these teams received investment from Binance Labs.