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Injective Teamed Up With Wormhole to Bring 10 New Blockchains to the Platform

| 29-Th5-2022

Decentralized finance (DeFi) protocol Injective (INJ) reportedly forged an alliance with Wormhole to complete the integration of “10 new blockchains” to its network.

Specifically, Injective reportedly functions as a Cosmos (ATOM) layer-2 decentralized exchange (DEX) which offers derivatives, token swaps and sports betting prediction markets. 

It also shares concentration on interoperability via cross-chain bridging, and is assisting virtuals assets from Ethereum (ETH), Polkadot (DOT) and IBC-enabled chains like Cosmos at the moment.

Injective Labs, the developing team behind the protocol, noted in an announcement on May 25th that the alliance will make it possible for users to transfer and trade assets throughout any chain that completed its integration with Wormhole.

“The Wormhole integration will vastly enhance Injective’s capabilities with respect to interoperability. Users will soon find Wormhole integrated into the backend of the Injective Bridge whereby transferring assets from distinct EVM chains or Solana (SOL) can be done with the click of a button,” Injective Labs further revealed.

Wormhole is a generic messaging protocol that interacts with different blockchains, offering solutions like cross-chain application support and token bridges.

Not every of the “10 new blockchains” are listed specifically. Wormhole’s website also only lists nine chain integrations which include Solana, Terra (LUNA), Ethereum (ETH), Avalanche (AVAX), Oasis Binance Smart Chain, Polygon (MATIC), Fantom (FTM) and Aurora (AOA).

The initiative has emphasized the ability of Injective to “serve as the primary gateway for cross-chain native assets from Solana and other prominent layer-1 chains” to tap into the ecosystem.

“The options for users can extend far beyond asset transfers as well. For instance, DApps on Injective could enable seamless cross-chain trading across the Cosmos and Solana ecosystems while also being able to offer yields on Solana (or any other Wormhole supported asset).”

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