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2026-06-25 01:40 1mo ago
2024-06-18 13:01 2yr ago
Router Protocol získal investiční kolo na vlastní blockchain
BNB BNB ETH Ethereum ROUTE Router Protocol
CoinGecko News 78
Original source text
Ethereum and BNB chain bridge Router Protocol just closed an oversubscribed funding round to extend the bridge to more networks.

Router Protocol, a modular cross-chain framework for building interoperable applications. By connecting different blockchain ecosystems, bridges play a crucial role in creating a more cohesive and streamlined network.

It was launched in 2022 on the Polygon and BSC chains with the objective of making life easier for future Web3 users.

Router Protocol said in a press release that it has recently raised more than expected funds for further development—but didn't disclose exactly how much. The investment realized from this raise will be used to fuel its own fully operational layer 1 blockchain, thus breaking away from the Binance and Polygon ecosystem.

“Router Chain embodies the evolution of our unwavering vision to build the universal interconnectivity layer between fragmented L1/L2 networks,” Ramani Ramachandran, CEO of Router Protocol, said in a press release.

The goal, he added, is to do away with complexity.

The team is “laser-focused on delivering seamless and intuitive user and developer experience for multi-chain applications,” he added.

According to Shubham Singh, the CTO of Router Protocol, the ecosystem has experienced tremendous growth with cross-chain projects like FolioX and StakeEase, which have decided to take advantage of the Protocol’s unique characteristics to make a name for themselves.

In another development, Router Protocol has achieved a significant milestone with the successful launch of Router Nitro. This cross-chain bridge leverages an innovative reverse-verification method to deliver speed and gas efficiency.

Since its launch, the Nitro bridge has facilitated over $350 million in volume, processed more than 650,000 transactions, and attracted nearly 300,000 unique users within four months.

This underscores the growing demand for seamless cross-chain interactions.

The Protocol will soon launch an Ecosystem Grant for projects with future prospects that build on the Router Chain.

Edited by Stacy Elliott.

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2026-06-25 01:40 1mo ago
2024-07-30 13:13 1yr ago
Router Protocol spustil Router Chain pro interoperabilní dApps
BTC Bitcoin ETH Ethereum ROUTE Router Protocol
CoinGecko News 86
Original source text
Router Protocol, a Coinbase Ventures-backed decentralized blockchain network, has announced the mainnet launch of its Layer-1 solution Router Chain.

The launch, set for Tuesday, aims to bridge Bitcoin (BTC) and Ethereum (ETH) security to chains in the Cosmos (ATOM) ecosystem, enabling fully interoperable decentralized applications. 

Router Protocol’s mainnet launch introduces chain abstraction technology, allowing developers to create dApps for cross-chain money markets and omnichain tokens and other use cases.

Router Chain eyes a chain abstracted ecosystem Chain abstraction relates to the defragmentation of the blockchain ecosystem to allow users to interact with dApps from any chain without having to exit their current application. Abstraction also allows for interaction with the applications on disparate chains via any token, with blockchains benefitting from aggregated liquidity.

Router Protool wrote in an update that its mainnet launch is another step towards addressing challenges facing developers and the community in relation to chain abstraction within the Web3 ecosystem. Per details shared in the press release, the protocol offers a product suite that includes Router Chain, Nitro and CCIF for this goal.

Router Chain is a proof of stake layer-1 chain leveraging Tendermint’s BFT consensus mechanism and offers compatibility with EVM and non EVM chains. Meanwhile, the Cross-Chain Intent Framework is a plug-and-play infrastructure for cross-chain dApps and Nitro supports cross-chain swaps.

“By abstracting blockchain complexities, Router Protocol not only advances chain abstraction technology but enables the next generation of decentralized applications to seamlessly interact across multiple chains, boosting efficiency and reducing costs. This is the development Web3 has been waiting for,” Router Protocol founder and CEO Ramani Ramachandran said.

ROUTE as gas token Router Protocol’s mainnet launch also allows developers and users to benefit from features such as optimistic reverse verification and fast finality for fast cross-chain transfers. Meanwhile, middleware interceptors provide for customizable interactions and composability.

According to Router Protocol, the ROUTE token will serve as the platform’s gas token as well as offer staking rewards for holders.

Bridging Bitcoin, Ethereum to Cosmos Features that come with Router Chain’s mainnet launch includes canonical bridges, omnichain tokens and alloyed assets, and cross-chain money markets. Developers can leverage Router Chain for decentralized applications for cross-chain lending, borrowing and trading.

Router Chain’s multi-chain dApps feature means developers can tap into Bitcoin or Ethereum’s security, while at the same time leverage Solana for low transaction costs and speed. Router plans to launch a bridging solution for Cosmos to help mitigate the chain’s security limitations.

Also backed by QCP Capital and Wintermute among other investors, Router Protocol will look to mainnet launch to expand beyond the over 30 EVM and non-EVM chains that it currently supports.

Router Protocol has partnerships with Circle, Osmosis and Electron Labs, while its CCIF integrations include Lido, Benqi, Stakestone and Aerodrome.