INJ-ETH Bridge Release: Seamless Cross-Chain Interoperability
The Injective Bridge is now live on the Injective Hub! You can now bridge any ERC20 token to the Injective Chain using the secure cross-chain Injective Bridge.
The Injective Bridge enables lightning fast transfers and is one of the cheapest solutions on the market today (average transaction cost of ~$0.02 when transacting on the Injective Chain). All transactions are confirmed instantly due to the Tendermint-based Proof-of-Stake (PoS) consensus utilized by the Injective network.
As an added benefit, the Injective Bridge allows for the fastest withdrawals compared to any other Ethereum scaling solution. Popular solutions in the market today typically take several days for withdrawals, whereas on Injective it takes under five minutes! Anyone can now benefit from Injective’s fully decentralized, high performance, and secure network.
The INJ-ETH bridge was designed with the end user in mind so you will find a highly intuitive user interface for making transfers across chains. Many popular assets are already populated but you can also add in any custom ERC20 token address using the simple drop down interface.
Some of major Injective Bridge highlights include the following:
- User-Friendly: The entire bridging process can be completed in a few clicks
- Ethereum Native: Use familiar Ethereum tools such as MetaMask when depositing and withdrawing from the bridge. Thanks to Injective’s key derivation mechanism, all Ethereum wallets will be supported!
- Lighting Fast: Transactions across the bridge take only a few minutes compared to the days it can take on other solutions
- Low Cost: Average transaction fees are around ~$0.02
- Secure: Transactions across the bi-direction bridge are secured by some of the best and most reputable validators in crypto
The Injective Bridge will serve as the gateway to innovative DeFi products being built on Injective such as the exchange, relayers, insurance funds, etc. The incentives are further amplified for developers to build on Injective since they are able to use Ethereum-native tooling to access an entire Injective DeFi ecosystem while accessing the entire Cosmos network on top via the native IBC bridge integration that is about to go live. This would allow Cosmos-based tokens to bridge onto Ethereum via Injective for the first time!
So other chains that are going to go live with IBC-compatibility such as Band Protocol and Terra can benefit from the Injective bridge as well.
Try out the Injective Bridge: Link
You can also join the Injective community on Discord to share your feedback and ask any question you may have.
About Injective
Injective is a custom interoperable layer one protocol for building powerful exchange, DeFi, derivatives & Web3 applications. Injective was created using the Cosmos SDK and is able to achieve instant transaction finality while sustaining lightning fast speeds. INJ is the native deflationary scarce asset that powers the Injective Protocol and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by Pantera Capital.
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