VeChain Teams Up wiht Wanchain for Cross-Chain Expansion
VeChain’s VeChainThor blockchain has teamed up with Wanchain to enhance cross-chain capabilities. This collaboration aims to link VeChainThor with over 40 different blockchains.
The partnership introduces Wanchain’s decentralized infrastructure to VeChainThor. This move is expected to boost the adoption of VeChain’s token (VET) along with others like VTHO and B3TR.
VeChain is keen on growing its presence in the decentralized finance (DeFi) sector. It plans to expand token usage across various applications such as lending protocols.
- Temujin Louie, CEO of Wanchain, says this teamwork will unlock asset transfers and spur innovation.
- VeChainThor, launched in 2018, is now aiming for broader reach through the wanchain bridge.
This integration supports popular blockchains including Bitcoin, Ethereum, and Solana. Coins like BTC, ETH, USDC, and USDT will benefit from the new connections.
VeChain views this as a important step for its tokens.It follows the recent debut of StarGate, a new staking platform that added over $100 million in locked value.
The connection will bring vast liquidity options and integration chances. VeChain continues its efforts in web3 advancement.
