Moonbeam (GLMR) is prepared to integrate with Osmosis

Moonbeam integrates with Osmosis DEX, and cross-chain token exchanges among Polkadot and Cosmos have never ever been less complicated.

Moonbeam (GLMR) is prepared to integrate with Osmosis

According to data published on the evening of July 23, Moonbeam will officially integrate with Cosmos-based mostly Osmosis. From now on, end users can simply exchange tokens among Polkadot and Cosmos. This is deemed a key breakthrough among these two ecosystems.

The integration will take area by way of the Axelar network infrastructure. Axelar is the two a bridge and a cross-chain communication platform among wise contract protocols. Project raised $ 25 million from final year’s Serie A round.

DOT, the governance token of the Polkadot blockchain, will be the very first token supported on the cross-chain bridge. Moonbeam ideas to assistance several a lot more coins / tokens on the Polkadot ecosystem coming to Cosmos.

According to Moonbeam, this is an vital milestone in expanding the cross-chain composability among the two ecosystems. Moonbeam even more states that this partnership reinforces the reality that Polkadot and Cosmos can exist as a complementary ecosystem, regardless of usually seeing themselves as rivals on the street to reaching the identical purpose.

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