A new token-bridging app named TokenBridge has recently launched. It is developed by Crowny and uses Wormhole to connect Solana & Near Protocol. This bridge means users can now move their assets between the Solana and Near Protocol.
The latest bridge connecting @solana & NEAR Protocol is live 💚🌉💜
Explore all NEAR has to offer all whilst staying onchain.
Powered by @wormhole. Built by @crownyio. https://t.co/Jq7LSzCEXG
— NEAR Protocol (@NEARProtocol) July 25, 2024
Wormhole is a communication bridge between Solana and other top decentralized finance (DeFi) networks. Existing projects, platforms, and communities can move tokenized assets seamlessly across blockchains and benefit from Solana’s high speed and low cost.
How Does it Help Users?
TokenBridge app improves interoperability between Solana and Near Protocol. It makes it easier for users to manage and move their assets across the two blockchains. You need to connect your Solana (Phantom) and Near wallets.
Users can use the unique features and services of both protocols. For instance, they can use Solana’s speed and low fees and Near Protocol’s developer-friendly ecosystem. This is a major development since it enhances the overall user experience by providing greater flexibility, cost efficiency, and access to a broader range of decentralized applications (dApps) and services across both blockchain networks.