Multichain Begins Cross-chain Support for ThunderCore

By June 14, 2022 No Comments
Thudercore Multichain

ThunderCore is proud to announce that we are now supported by Multichain, the leading Web3 cross-chain router protocol. With this development, it will become easier than ever to move digital assets in and out of our blockchain. We are thrilled to add them to our growing list of partners and collaborators who help to expand our booming ThunderCore ecosystem. With each new cooperation, our blockchain becomes stronger than before.

Multichain: Leader of the cross-chain pack

Multichain, formerly known as Anyswap, has undergone various iterations since its launch in July 2020. It has a quest to be the perfect router for the decentralized Web3 world, building an infrastructure that makes it ideal for cross-chain connections. Since each and every chain has its own specializations, it’s essential that services exist to act as go-betweens for these unique projects that are springing up all over. Multichain prides itself on providing these cross-chain services rapidly, securely, and inexpensively, which are Web3 values shared by ThunderCore.

The Multichain protocol is currently the clear leader in the cross-chain world, with near total interoperability on the horizon and essentially no limits on the kind of integrations it is capable of building. Whether it’s with layer-1 chains like Ethereum, or to layer-2s like Polygon, or parachain networks as in the case of Moonbeam – all of these and more are possible.

Just about every chain of significance to the crypto community has either already been integrated or is in the process of being onboarded right now. At the moment, Multichain can boast over 48 integrations, a daily transaction volume of over $100 million, and Total Value Locked (TVL) of around $4 billion. Meanwhile, tens of thousands of people are logging in every day to take advantage of what Multichain has to offer as a trusted transfer route to various ecosystems in Web3.

Multichain strengthens ThunderCore’s ecosystem

ThunderCore is fortunate to be able to join itself to this extraordinary connector of blockchains, and best of all, we are only just getting started in our cooperation, with much deeper integrations to come. Together with Multichain, we seek to build out the foundations for a Web3 that is completely interoperable. At the same time, by plugging ourselves into this new decentralized information highway, we are gaining a huge boost to the utilization of our own ecosystem, as it will become more and more convenient and desirable to both users and developers looking to call ThunderCore their home.

Our ultimate goal is to make ThunderCore accessible to each and every unique blockchain that is setting out to tackle whatever problem with its own ingenious Web3 solution. With the support of Multichain, we come one step closer to that vision. From now on, it will be easier for our users to bridge tokens in and out, while we are also reducing the barriers to cooperation between different DApps on various chains.

Getting things started with DAI, AVAX, and APE

For our initial partnership, we’ve settled on 3 established coins to welcome into ThunderCore. With these leading tokens, we are establishing a bridge that many other tokens will cross in the future:

  • DAI
  • AVAX
  • APE

Holders of these three tokens will be able to bridge them in and out of ThunderCore, where they can reside in the security of any user’s TT Wallet.

By embarking on this collaboration with Multichain, we are making token transfers easier for our users and passionate developers who wish to port their DApps over to ThunderCore. By aligning itself with blockchain’s industry leaders, ThunderCore is making its mark and establishing itself as one of the players to be watched in the years to come. Stay tuned!

About Multichain

On July 20th, 2020, Multichain was born as Anyswap to address the clear need for distinct and diverse blockchains to communicate with one another. Multichain improves interoperability across different networks and actualizes smooth asset and value transfers as a cross-chain architecture. Multichain is the leader in the cross-chain sector, with a constantly growing family of non-EVM and EVM chains. Its daily volume is over $100 million, its Total Value Locked is over $4 billion, and tens of thousands of daily users attest to its popularity and security.

About ThunderCore

ThunderCore is a highly secure, high-performance, EVM-compatible public blockchain with its own native currency, TT. Founded in 2017 in Silicon Valley by Chris Wang and a stellar team of researchers and engineers, the ThunderCore network boasts a breakthrough consensus protocol called “PaLa” that overcomes the scalability “trilemma.” It offers 4,000+ transactions per second (TPS), 1-second confirmation times, and low gas fees that cost less than a fraction of a cent, giving decentralized applications unparalleled security and scalability.

Currently, ThunderCore has an international user base that spans across more than 190 countries. Learn more about the latest developments at ThunderCore by visiting their website here.