[The Ethereum Bridge Router Protocol hopes to build its own Layer1 through strategic funds]
Ethereum and BNB chain cross-chain bridge Router Protocol recently completed an oversubscribed funding round to expand to more networks.
Router Protocol is a modular cross-chain framework for building interoperable applications. By connecting disparate blockchain ecosystems, the bridge plays a vital role in creating a more unified and fluid network.
Router Protocol is launching on the Polygon and BSC chains in 2022 to facilitate future Web3 users.
In a press release, Router Protocol said it recently raised more than expected funding to further its development, but did not disclose the exact amount. The funds will be used to support its fully operational Layer 1 blockchain, separate from the Binance and Polygon ecosystems.
Ramani Ramachandran, CEO of Router Protocol, said in a press release: "Router Chain embodies the evolution of our continuous efforts to build a common interconnection layer between fragmented Layer1 and Layer2 networks." His goal is to eliminate complexity . He added that the team is "focused on delivering a seamless and intuitive user and developer experience for multi-chain applications."
Shubham, CTO of Router Protocol, said the ecosystem has experienced tremendous growth as cross-chain projects like FolioX and StakeEase leverage Protocol’s unique features and these projects are determined to stand out in the market.
Additionally, Router Protocol has achieved a major milestone with the successful launch of Router Nitro. This cross-chain bridge utilizes an innovative reverse verification method to achieve speed and gas efficiency. Since its launch, Nitro Bridge has facilitated over $350 million in transaction volume, processed over 650,000 transactions, and attracted nearly 300,000 unique users in four months, underscoring the continued focus on seamless cross-chain interactions. growing demand.
Router Protocol will soon launch an ecosystem funding program to support promising future projects building on Router Chain.
