Celer Network is excited to announce the successful implementation of Celer cBridge on SX Network! The first stage of this integration will incorporate the Open Canonical Token Standard bridge where Celer enables the seamless bridging of assets between EVM compatible blockchains and ERC-20 tokens. Users will be able to bridge USDT, USDC, DAI, WETH, WBTC, CELR, FLX, IMX, PLOT, RAGE, UMA, and XBP via cBridge between Ethereum and SX Network quickly, securely, and with low transaction costs. Users will also be able to bridge the MATIC, AX, BIFI, miMATIC, QI, and GREEN tokens between the Polygon and SX Network chains.
Following the initial integration Celer will also enable the liquidity pool bridge model, which includes full Polygon bridging as well as support for more assets.
Celer cBridge is a decentralized and non-custodial asset bridge that supports over 100 tokens across 30+ blockchains and layer-2 rollups. Built on top of the Celer Inter-chain Messaging Framework, cBridge has processed over $8B in cross-chain asset transfers for more than 160K unique users, and is quickly growing and expanding to support even more blockchains and layer-2s!
This integration is the first step in the shared aligned vision of the two teams “As SX Network, the first Polygon Edge Network, is poised to scale its ecosystem in becoming a key platform for prediction markets, DeFi, and NFT applications, we’re delighted to seamlessly connect the SX Network and its burgeoning ecosystem to the greater blockchain community.” said Dr. Mo Dong, Celer’s Co-Founder.
Andrew Young, Co-Founder of SX Network, had this to say about the announcement: “We’re thrilled to announce the integration of Celer cBridge, the most secure and convenient cross-chain bridge available today. Celer provides users with an easy-to-use token bridge for bringing their assets from both Ethereum and Polygon to SX Network. Celer further helps us establish SX Network as the leading Polygon Edge blockchain.”
About SX Network
SX Network combines smart contracts with an on-chain treasury and prediction market protocol. This prediction market protocol helps govern the protocol through betting-based governance. SX Network is perfect for developers with EVM-compatibility, low-cost transactions, and PoS-based consensus. SX.Bet is the #1 prediction market dapp by betting volume across all chains. All bets are peer-to-peer and settled on-chain. SX.Bet has processed +$175,000,000 in betting volume.
About Celer Network
Celer is a blockchain interoperability protocol enabling a one-click user experience accessing tokens, DeFi, GameFi, NFTs, governance, privacy solutions and more across multiple chains. Developers can build inter-chain-native dApps using the Celer Inter-chain Messaging SDK to gain access to efficient liquidity utilization, coherent application logic, and shared states. Users of Celer-enabled dApps will enjoy the benefits of a diverse multi-blockchain ecosystem with the simplicity of a single-transaction UX, all from a single chain.