Bridging Ecosystems: Wormhole launches on Evmos
In major move towards blockchain interoperability, Evmos has taken a step forward by connecting to Wormhole. Evmos users can now effortlessly transfer tokens from a variety of EVM-compatible blockchains, such as Ethereum, Polygon, Solana, and Binance Smart Chain, directly to Evmos through the user-friendly Wormhole Portal Bridge. This move aligns with Evmos’ vision of a more interconnected blockchain landscape, where users can leverage all benefits of various ecosystems within the Evmos network.
What is Wormhole?
Wormhole operates as a message-passing protocol designed to empower developers and users of cross-chain applications. The protocol’s primary application is cross-chain transfers, also known as bridging. Bridging enables the utilization of multiple ecosystems’ advantages, fostering a more interconnected blockchain landscape.
But how does Wormhole make this happen? It all boils down to a network of guardians diligently monitoring and validating messages emanating from the Wormhole Core Contract on each supported chain.
Adding to Wormhole’s distinctive infrastructure is the inclusion of ‘Relayers.’ These entities operate off-chain and play a crucial role in cross-chain communication by transmitting Verified Action Approvals to the designated chain.
In the ethos of a truly decentralized network, Wormhole establishes a robust governance framework. This framework allows for updates to the Core Contract and enables the community to participate in the selection of guardians through a democratic voting process.
With this design, users and developers can be sure of the security of their asset transfers.
Key Features:
- Unique Token Type within Cosmos: Wormhole introduces a distinctive token type within the Cosmos network.
- Wormhole Assets in Evmos DeFI: Notably, Wormhole assets will be included in Evmos DeFi, ensuring seamless integration of assets like BTC, ETH, and USDC in platforms like Tashi.
- Cost efficiency: Unlike some alternatives that charge significant flat fees on top of gas for bridging, Wormhole offers a more cost-effective solution.
Why Wormhole for Evmos?
The integration of Wormhole with Evmos carries far-reaching implications for the overall growth of the Evmos ecosystem and aligns with the core roadmap of both projects.
The collaboration aims to address liquidity challenges within the Cosmos network, with the partnership between Evmos, Swing, Tashi, and Wormhole. Once new tokens bridged with Wormhole are launched on Evmos, they will be implemented into Swing protocol. This integration will allow users to send them to Evmos from any network that Swing supports, including BNB Chain, Polygon, Fantom and more, therewith providing more liquidity to the Cosmos ecosystem.
Beyond mere token transfers, Wormhole’s message-passing capabilities usher in a new era of interchain workflows. Developers now have the opportunity to build cross-chain applications, expanding the use cases of the Evmos stack and fostering a more interconnected blockchain environment.
One of the immediate impacts of the Wormhole integration is the further improvement of the UX. This integration enables easy and secure the migration for users across various EVM-compatible blockchains, making the transition to Evmos even more efficient and user-friendly.
With the upcoming laaunch of the Evmos dApp Store, Wormhole will be used as one of the instant dApps offering users seamless access to its functionalities. This demonstrates Evmos’ commitment to providing users with diverse and easily accessible decentralized applications on the Evmos platform.
Evmos’ support of Wormhole and streamlined access to a broader blockchain ecosystem is a pivotal moment for both projects. By facilitating efficient and cost-effective cross-chain transfers, this collaboration addresses liquidity challenges and enhances the overall functionality of the Evmos network. As Wormhole continues to be integrated into various ecosystems, its impact on the Evmos ecosystem is poised to grow exponentially.
Learn more
- Bringing liquidity to Cosmos — Evmos, Tashi and Swing partner up with Wormhole
- Wormhole documentation
- Use Wormhole
About Evmos
Evmos is an interoperable EVM blockchain designed for cross-chain dApp development.
The Evmos Core Development Team is on a mission to create and ship the foundational tools necessary for building the cross-chain applications of the future. With groundbreaking roadmap features like EVM Extensions, the Evmos SDK, and the Evmos dApp Store, Evmos gives developers the freedom to take advantage of the IBC and connect their smart contracts to the Cosmos Ecosystem.
This revolutionary technology frees developers from the confines of today’s siloed blockchains.
The future is cross-chain.
Helpful Resources
🎮 Evmos App: https://app.evmos.org/
🖥 Evmos Website: https://evmos.org
💻 Developer Documentation: https://docs.evmos.org
👾 Official Discord: https://discord.gg/evmos
🐙 GitHub: https://github.com/evmos/evmos
🕊 Twitter: https://twitter.com/EvmosOrg
📯 Telegram: @EvmosOrg
📄 Blog: https://blog.evmos.org
🌋 Evmos Careers: https://boards.eu.greenhouse.io/evmos
Evmos is the EVM stack for building natively cross-chain decentralized applications.
We encourage you to read the Evmos Manifesto and learn more about our plans to build a cross-chain future.
DISCLAIMER: None of this is financial advice. This content is strictly for educational purposes. It’s not investment advice or a solicitation to buy or sell any assets.
