A compliant platform’s Ethereum layer-2 network Base is now connected to the Solana ecosystem through a new cross-chain bridge, allowing users to seamlessly transfer SOL and other Solana assets between the two networks.
The Base-Solana bridge is supported by Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and the compliant platform, enabling users to move assets smoothly between Base and the Solana ecosystem.
“To build a global economy, we need interoperability and connectivity; from day one, being a bridge rather than an island has been a core value at Base,” the Base team wrote in a blog post.
“If we want to bring the world on-chain, we need to enable people to move assets at internet speed, discover new apps built on any chain, and unlock value wherever it exists,” the article continued.
The bridge will allow users to migrate and trade assets in both ecosystems and is already live on popular Base applications, including token issuance platform Zora and Aerodrome (Base’s largest decentralized exchange).
Other applications can implement the open-source bridge in their builds, allowing users to trade Solana or Base assets regardless of which network they’re using.
“This is a major step towards our goal of making Base the hub of the economy of everything: every asset, across every network, anytime, anywhere—and Solana is just the beginning,” Base’s announcement stated.
Base launched in 2023 and has grown to become the fifth largest blockchain by total value locked (TVL) via bridges. According to DefiLlama data, the network’s TVL grew nearly 5% in the past week, now reaching $14.89 billion, while Solana boasts $29.4 billion.
In September of this year, a senior executive of the compliant platform and Base lead Jesse Pollak dispelled long-standing speculation that the network would eventually launch its own token, stating that the company is indeed exploring the possibility of launching a Base token—though there are currently no concrete plans.
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Solana and Ethereum network Base achieve interoperability through cross-chain bridging.
A compliant platform’s Ethereum layer-2 network Base is now connected to the Solana ecosystem through a new cross-chain bridge, allowing users to seamlessly transfer SOL and other Solana assets between the two networks.
The Base-Solana bridge is supported by Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and the compliant platform, enabling users to move assets smoothly between Base and the Solana ecosystem.
“To build a global economy, we need interoperability and connectivity; from day one, being a bridge rather than an island has been a core value at Base,” the Base team wrote in a blog post.
“If we want to bring the world on-chain, we need to enable people to move assets at internet speed, discover new apps built on any chain, and unlock value wherever it exists,” the article continued.
The bridge will allow users to migrate and trade assets in both ecosystems and is already live on popular Base applications, including token issuance platform Zora and Aerodrome (Base’s largest decentralized exchange).
Other applications can implement the open-source bridge in their builds, allowing users to trade Solana or Base assets regardless of which network they’re using.
“This is a major step towards our goal of making Base the hub of the economy of everything: every asset, across every network, anytime, anywhere—and Solana is just the beginning,” Base’s announcement stated.
Base launched in 2023 and has grown to become the fifth largest blockchain by total value locked (TVL) via bridges. According to DefiLlama data, the network’s TVL grew nearly 5% in the past week, now reaching $14.89 billion, while Solana boasts $29.4 billion.
In September of this year, a senior executive of the compliant platform and Base lead Jesse Pollak dispelled long-standing speculation that the network would eventually launch its own token, stating that the company is indeed exploring the possibility of launching a Base token—though there are currently no concrete plans.