Swing made an announcement about its liquidity as well as bridge aggregator ecosystem with the Celer Network. Swing will be using the cBridge of Celer for extending its reach to Celer compatible blockchains. Not only this, but it also offers its users access to affordable token transfers, deep liquidity as well as effective blockchain bridging. The cBridge of Celer creates multiple blockchains enabling low cost as well as fast cross-chain token transfers of token in different Ethereum Virtual Machine compatible networks and its layer two platforms. Presently its compatible chains are Polygon, ethereum, Optimism, Arbitrum, Avalanche, and Aurora. This is seeing into next level compatibility along with reputed non-EVM blockchains like Solana in the upcoming months,
Swing is going to expand its cross-chain network with cBridge
The integration of Celer’s cBridge presents the thor blockchain bridge for adding to the Swing protocol, which joins Hop and Connext. These types of collaborations have expanded the reach of Swing for encompassing a couple of blockchains by strengthening its liquidity networks as well as adding to the blockchain bridge ecosystem.
Apart from Celer Network, Swing offers the bridging of assets in various blockchains, which include Polygon, Ethereum, Avalanche, Binance Smart Chain, Aurora, xDai, Fantom, and others. Swing as well as Celer Network lookout for the low-risk technical approach to the blockchain by bridging the vendor lock-ins in favor of the Open Canonical Token Bridge standard. Token bridges on Swing may co-exist across various blockchains without being tethered to a single third-party network or anyone supervisory organization according to the standard.
The open Canonical tokens standard creates a bridging process by reducing the risk that occurs by any type of single third party Bridge hired when users have transferred assets in different desperate blockchains and at the same time along with the protocols for adopting to the flooring blockchain interoperability ecosystem. This ensured that they had the ultimate bridging options as well as enhancement.
The compatibility of Celer cBridge with Layer 1 as well as Layer 2 blockchains creates a strong interconnectivity network that flattens a vertical as well as siloed DeFi landscape. Swing is now positioned to profit from Celer’s developing network of interoperable blockchains and to provide its users with a more wide technological field in which to operate, thanks to the integration of cBridge.
Source: https://www.cryptonewsz.com/swing-integrates-celer-networks-cbridge/