Polygon and Wanchain Team Up to Usher in New Era of Blockchain Interoperability

Reading Time: < 1 minute

Polygon, the leading platform for Ethereum scaling and infrastructure development, and Wanchain, the world’s premier decentralized blockchain interoperability solution, have announced they have entered into a strategic partnership that will drive further adoption of Layer 2 cross-chain bridges and aims to accelerate the development of interoperable blockchain technology.

As part of the cooperation, Wanchain will deploy direct decentralized cross-chain bridges that connect Polygon and Arbitrum.

Wanchain is actually the only project that enables truly decentralized cross-chain transactions between isolated heterogeneous blockchain networks. Wanchain’s cross-chain infrastructure is already compatible with a wide range of blockchains, including Bitcoin, Ethereum, Wanchain, EOSIO, Binance Smart Chain, Litecoin, XRP Ledger, Moonriver, Avalanche and Polkadot. Now that Polygon’s Layer 2 bridges has been added, Wanchain is more than ever the world’s most advanced cross-chain solution.

Polygon and Wanchain believe multiple Layer 2 solutions will coexist and that different Layer 2 blockchains will need to allow assets, data and commands to transfer directly from one Layer 2 blockchain to another. 

This is the very first time that decentralized liquidity pools are used to power cross-chain bridges.

Li Ni, Wanchain VP of Business Development and Operations, said:

“We recognized that needing to pass through Ethereum when moving from one Layer 2 to another is self-defeating and completely undermines the improved scalability promised by Polygon. Wanchain’s new Layer 2 bridges preserve the high transaction throughput and low costs of Polygon while remaining efficient, versatile and decentralized.”

Sandeep Nailwal, co-founder of Polygon, added:

“By extending inroads between Abritrum and Polygon PoS, the cross-chain bridge will facilitate better liquidity and utility for ecosystem users on both sides while fostering greater overall interoperability and growth for the Ethereum Ecosystem.”

If you like our content and want to support us, please follow us on X, Facebook and Instagram and don’t miss the latest news!