Among the early adopters of this service is , a decentralized exchange (DEX), aiming to use the ITS to foster seamless interactions of its native across multiple blockchain networks.
Driving Cross-Chain Integration with ITS
Axelar’s ITS primarily focuses on the interoperability of ERC-20 tokens across all EVM-compatible ecosystems. These tokens are generated on a 1:1 ratio and are managed through , the Axelar Virtual Machine. The newly revealed service is set to provide a muchj-needed boost to the ease of token interaction across Ethereum-compatible chains.
Decentralized exchange Sushi is set to be one of the first adopters of the “interchain tokens” provided through this service. Sushi’s team plans to use the ITS to facilitate seamless interaction of its native SUSHI token across multiple chains. Initial deployment will ensure interoperability of SUSHI across , Go to Source to See Full Article
Author: Vince Dioquino