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Wormhole Launches New Bridge Connecting to any Cosmos Appchain

Wormhole Launches New Bridge Connecting to any Cosmos Appchain

CoindeskCoindesk2023/07/21 10:00
By:Sage D. Young

The Wormhole Gateway is designed to make it easier for developers and users to on-ramp liquidity into the Cosmos ecosystem.

(Getty Images)

The Wormhole Foundation launched a new bridge into the Cosmos ecosystem Friday morning, making it the first bridge that connects liquidity and users from more than 20 different blockchains to any Cosmos appchain.

According to a Wormhole blog post, the gateway bridge is designed to make it easier for developers and users to on-ramp tokens to any Cosmos chain, with the purpose of driving “liquidity to grow the Cosmos ecosystem.”

While Wormhole expanded into the Cosmos ecosystem , a Cosmos-based blockchain, this launch impacts the entire network of appchains.

According to its , Wormhole has over $378 million in total value locked across its various bridges.

Edited by Danny Nelson.

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