Router Protocol - an infrastructure layer enabling communication between blockchains, today announced that it has integrated Avalanche network’s C-Chain to its cross-chain messaging protocol. Users now have the ability to utilize the true potential of the Avalanche network by performing cross-chain transfers and swaps between Polygon, Binance Smart Chain (BSC), and Avalanche C-chain.
“Avalanche’s integration marks a significant step forward for Router and advances our mission of achieving a multi-blockchain future,” said Ramani Ramachandran, co-founder and chief executive of Router Protocol.
“As blockchain ecosystems continue to grow, they are becoming increasingly siloed and unconnected from each other, preventing the industry from reaching its full potential.”
What’s currently available on the Router?
- A proprietary pathfinder algorithm that aggregates DEXes to find the best rates for cross-chain swaps. On the Avalanche side, Router plugs into Trader Joe and Pangolin — two of the most liquid DEXes on the network — to power cross-chain swaps. Router is plugged into multiple AMMs, including PancakeSwap on BSC and Dfyn, SushiSwap, and QuickSwap exchange on Polygon.
- Seamless cross-chain swaps: Avalanche eco-system users can buy digital assets on Polygon or BSC in a single transaction without leaving the Avalanche network. Similarly, users from Polygon or BSC can buy any Avalanche ecosystem tokens without leaving the respective chains.
- 1:1 low-fees asset transfer of assets like USDC, AVAX. MATIC, and BNB.
- Fast finality: Settlement for most transactions is less than one minute.
The news comes following Router’s mainnet launch on Polygon and Binance Smart Chain (BSC) in January after raising $4.1 million from leading investors including Coinbase Ventures, Alameda Research, QCP, Polygon, and Wintermute.
What’s coming next for Router:
More EVM chains: Router Protocol is going to cover almost all major EVM chains.
Cross Chain Explorer: An explorer to see exactly how cross-chain transfers and swaps happen on different chains. This will give users more transparency and make debugging easier.
Incentivized staking & liquidity mining programs: Router will create various staking and liquidity mining programs for rewarding those who provide liquidity to Router bridge.
Router Software Developer Kit (SDK): Currently scheduled for May 2022, the SDK will include tools for developers to utilize Router’s cross-chain messaging system to build cross-chain dapps. Instead of dApps that function on multiple chains separately, developers will be able to build dApps that use multiple chains in tandem.
Non-EVM chain: Router will introduce its first non-EVM chain in the second quarter of 2022.
Router V2 Prototype: A prototype of the Router blockchain designed as a cross-chain first blockchain with a focus on enabling messaging across chains.
More Validators: Router Protocol will onboard new validators and then transition to a model where anyone can become a validator.
For more information about Router Protocol and its mission to revolutionize cross-chain interoperability visit www.routerprotocol.com.
About Router Protocol
Router Protocol is building a suite of cross-chain liquidity infra primitives that aims to seamlessly provide bridging infrastructure between current and emerging Layer 1 and Layer 2 blockchain solutions.
© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.