April 24, 2024

Injective protocol integrates ten new blockchains into its network

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The Injective protocol integrates ten new blockchains into its network

The decentralized finance platform protocol Injective has entered into a partnership agreement with the cross-chain platform Wormhole to integrate ten new blockchains into the network.

Injective's developers emphasized that the partnership will allow users to transfer and trade assets on any network integrated with Wormhole.

“Integration with Wormhole will significantly expandInjective's compatibility capabilities. The platform is integrated with the Injective Bridge backend, allowing users to migrate assets from EVM or Solana networks in one click,” the announcement says.

Integrated blockchains will include Ethereum, Solana, Polygon, Aurora, Avalanche and others, including Terra.

The company emphasizes that Injective can serve as a primary gateway for cross-chain native assets from Solana and other popular layer 1 chains to enter the ecosystem.

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Previously, the founder of the Terra network, Do Kwon (DoKwon)&nbsp;proposed&nbsp;a plan to revive the project. The management of Terraform Labs is going to abandon the algorithmic stablecoin TerraUSD and create a new blockchain.