IaaS will solve the major inherent issues affecting interoperability between the Ethereum and Solana ecosystems.
Web3 interoperability layer deBridge has launched an Infrastructure as a Service (IaaS) turnkey solution that provides subscription-based interoperability services to facilitate cross-chain movement on the Ethereum (ETH) and Solana (SOL) virtual machines shared with CryptoSlate, according to an announcement on Nov. 1.
The newly launched IaaS aims to address key challenges that hinder interoperability between the Ethereum and Solana ecosystems. To this end, the service is packaged as an all-in-one solution that relies on certain products from deBridge.
As such, the service will facilitate the transmission of authenticated messages via deBridge and use its DeSwap Liquidity Network (DLN) to facilitate high-performance cross-chain transactions and value transfers.
Additionally, IaaS will facilitate cross-chain asset custody through dePort, a native protocol for bridging and creating utility for assets on other blockchains.
At the same time, deBridge also pointed out that IaaS will help project developers overcome the barriers of blockchain composability. By providing composability, deBridge hopes that the product will help blockchains attract more users, developers, and liquidity from outside the ecosystem.
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deBridge said it has added Neon Labs, the Ethereum Virtual Machine on Solana, as its first client.
This strategic use of IaaS has led to increased adoption of Neon, including activities such as cross-SVM contract calls from the EVM, native bridging to Solana, and cross-NFT (cNFT) integrations.
However, it is worth noting that deBridge’s new IaaS platform is launching alongside new partnerships for its DLN trading product. On October 30, the interoperability layer announced that DLN has partnered with RockawayX and Fordefi to bring institutional-grade liquidity to cross-chain.
According to DLN, the collaboration will allow for easy and fast cross-chain transfers of millions of dollars.
“Our joint venture aims to solve cross-chain liquidity bottlenecks by providing the most talented private market makers in the DeFi space with the ability to deploy institutional liquidity.” #DEX #deBridge
