⚡#VegaProtocol has launched its first on-chain markets after the release of its alpha mainnet

Vega Protocol, a Layer-1 #blockchain focused on derivatives trading, has activated its first on-chain markets after the launch of its alpha #mainnet on May 10. The decision to kickstart trading and take its markets live was made by project's community members via an #on-chain governance #DAO vote.

The Vega network has been upgraded with two significant changes:

⭐️The launch of the Vega <> Arbitrum bridge and
⭐️The implementation of cross-chain deposits via Squid, powered by Axelar.

The Vega <> Arbitrum bridge reduces gas fees for deposits and withdrawals of Arbitrum ERC20 assets, making it more cost-effective for users to access the Vega network.

Additionally, users can now easily deposit and withdraw assets from any EVM-compatible blockchain supported by Squid and automatically swap them to USDT or another asset supported by Vega, expanding the network's user base and market creation capabilities.

#VegaProtocol #Vega #Squid #Arbitrum $ARB #Axelar