Raydium launches Teleport to enable frictionless token transfers from EVM networks to Solana

Raydium announced the launch of Teleport on the X platform, which enables frictionless token transfers from the EVM network to Solana.

Raydium Teleport integrates Circle CCTP and Wormhole Connect to enable seamless flow of USDC through CCTP’s native minting and burning mechanisms.

They also said they will soon enhance Teleport with one-click cross-chain swaps. This will allow:

-Cross-chain swap of native assets, using USDC + CCTP as the settlement channel;

-Cross-chain swap latency is less than 30 seconds. #DYOR42711