The post Chainge partners with Elastos to enhance Cross-Chain Interoperability with New Integration appeared first on Coinpedia Fintech News
In a significant advancement for the Web3 financial ecosystem, Elastos has been integrated with Chainge, allowing users to swap assets like ETH, USDC, and USDT from over 14 blockchain networks into ELA on the Elastos Smart Chain (ESC) or Ethereum (ETH) and back. This integration eliminates previous barriers, fostering a unified and efficient financial ecosystem.
This integration addresses long-standing bridging challenges within the Elastos ecosystem, unlocking seamless asset transfers and enhancing liquidity across multiple blockchains. By enabling cross-chain interoperability, the partnership breaks down silos, reduces transaction costs, and broadens user access, similar to how efficient transportation systems boost economic growth.
Elastos users have historically faced challenges in accessing ELA and Elastos Dapps due to limited bridging availability and high fees associated with previous solutions. The new integration with Chainge’s cross-chain DEX allows users to swap assets from multiple blockchains into Elastos in one transaction, significantly simplifying the process. This includes seamless swaps from networks such as Fusion, Arbitrum, BNB Chain, and more into ELA, fostering a more cohesive and efficient DeFi ecosystem.
“At Chainge, our mission is to break down interoperability and liquidity barriers in the blockchain space. The integration with Elastos represents a major step forward in achieving true cross-chain capabilities within their ecosystem, making it easier for users to bridge assets to Elastos and access maximized DeFi $ELA liquidity,”
said Oana Batran, Chainge CBO.
Data from Elastos’ BIT Index reveals a growing preference for decentralized financial solutions among U.S. consumers. Over two-thirds of tech-savvy respondents are comfortable using cryptocurrencies like Bitcoin, highlighting the increasing demand for seamless and secure asset transfers. This integration with Chainge directly addresses these needs, providing a frictionless experience for users.
“By merging liquidity pools and enabling cross-chain swaps, we are enhancing the utility and efficiency of the Elastos ecosystem. This integration is a critical step towards our shared vision of a decentralized and interoperable Web3 financial landscape,”
added Sasha Mitchell, CEO of Elacity and BeL2 Head of Operations.
The partnership with Chainge marks a significant milestone in the evolution of the Elastos ecosystem. Next steps include connecting to a fiat on/off ramp service, allowing users to buy ELA directly with credit cards or bank accounts and exchange ELA for US dollars, further enhancing accessibility and ease of use. For more information and to participate in ongoing developments, visit the CRC proposal by Sasha Mitchell and explore the live bridge on Chainge via the web dapp or mobile app.
Try for yourself today and explore the live bridge on Chainge via the web dapp or download the mobile app from Google Play or Apple App Store.