august 1, 2023
Allbridge releases a Stacks bridge, connecting the Stacks ecosystem to 19 other top chains and enabling new paths for Ordinals enthusiasts
by Claire Topalian on August 1, 2023
We've got some awesome news to share with Stackers!
Today, we’re excited to share an important step toward better interoperability on Stacks as Allbridge releases a Stacks token bridge! This bridge will connect Stacks to 19 chains including Ethereum, Polygon, and Solana. This work was made possible through support early on from Daemon Technologies and Stacks Foundation grants.
What does this mean for you? With the release of the new bridge, you'll have a smooth sailing experience when transferring your tokens and more freedom to move your assets between different networks, taking advantage of the unique perks that 19 different chains offer.
Allbridge is a platform dedicated to building bridges between different blockchain networks, fostering seamless communication and interoperability. Their expertise lies in connecting various ecosystems, with a particular emphasis on non-EVM chains like Stacks. This focus allows them to cater to a diverse range of projects and communities seeking efficient and secure cross-chain transfers.
“At Allbridge, we strive to be on the forefront of cross-chain innovation,” said Andriy Velykyy, co-founder and CEO of Allbridge. “The latest integration allows us to bring cross-chain interoperability to the Stacks network and broaden access to Bitcoin’s technology among the DeFi community. It also offers NFT enthusiasts the possibility to interact with Ordinals marketplaces available on Stacks.”
Today, we’re excited to share an important step toward better interoperability on Stacks as Allbridge releases a Stacks token bridge! This bridge will connect Stacks to 19 chains including Ethereum, Polygon, and Solana. This work was made possible through support early on from Daemon Technologies and Stacks Foundation grants.
What does this mean for you? With the release of the new bridge, you'll have a smooth sailing experience when transferring your tokens and more freedom to move your assets between different networks, taking advantage of the unique perks that 19 different chains offer.
Allbridge is a platform dedicated to building bridges between different blockchain networks, fostering seamless communication and interoperability. Their expertise lies in connecting various ecosystems, with a particular emphasis on non-EVM chains like Stacks. This focus allows them to cater to a diverse range of projects and communities seeking efficient and secure cross-chain transfers.
“At Allbridge, we strive to be on the forefront of cross-chain innovation,” said Andriy Velykyy, co-founder and CEO of Allbridge. “The latest integration allows us to bring cross-chain interoperability to the Stacks network and broaden access to Bitcoin’s technology among the DeFi community. It also offers NFT enthusiasts the possibility to interact with Ordinals marketplaces available on Stacks.”
Allbridge Audit by CoinFabrik
As part of this release, the Foundation enlisted the help of CoinFabrik to audit the contracts for the new bridge. This additional step felt especially important for the ecosystem in light of numerous bridge hacks in the industry. The audit revealed two “medium” issues and one minor - all were reviewed and worked on before the release of the bridge.