Celer Network is excited to announce that we have successfully integrated initial bridging support for Injective, one of the top chains by total value locked (TVL) in the Cosmos ecosystem! This initial integration will allow cross-chain bridging for the following assets: INJ, ATOM, ASTR and DOT between not only Injective and Astar, but also the larger Cosmos and Polkadot ecosystems. Users will be able to transfer these assets seamlessly across the two ecosystems, all while enjoying Celer Network’s fast finality, low-costs, and extremely secure services.
Celer-bridged token addresses on:
- ASTR – inj1mhmln627samtkuwe459ylq763r4n7n69gxxc9x
- DOT – inj1spzwwtr2luljr300ng2gu52zg7wn7j44m92mdf
- xcINJ: 0xFfFfFfFF000000000000000000000000000186a1
- xcATOM: 0xfFfFffff000000000000000000000000000186a2
Injective is the first lightning fast blockchain optimized for financial applications. Injective uniquely provides out-of-the-box modules such as an on-chain orderbook, binary options, and more that developers can utilize to rapidly create new dApps. By having the fastest block times within the Cosmos ecosystem, (~1 second) Injective is able to boast about its rapid growth. Recently, a number of major dApps such as Pyth and institutions such as Galaxy have begun to integrate with Injective, further cementing Injective’s status as a major L1 in the industry.
Now that the Cosmos ecosystem is connected to Astar Network, the largest L1 blockchain on Polkadot, teams can create new decentralized solutions. This means Injective’s financial apps can integrate with the institutions, decentralized applications, and community-led projects of Astar’s ecosystem.
In order to grant Polkadot interoperability to Celer-bridged INJ and ATOM, the two tokens are deployed with XC20 compatibility on Astar as xcINJ and xcATOM. This is so that they can be transferred from Astar to the broader Polkadot ecosystem.
On the other hand, users will receive CW20 ASTR and DOT while bridging into Injective. To be able to use ASTR and DOT in the broader Cosmos ecosystem, users can visit the Injective Hub to convert CW20 into bank-type tokens in their Balances.
Celer is looking forward to supporting even more bridging between EVM ecosystems, Polkadot, and Cosmos. In the future we hope to include a sophisticated generic message passing integration to allow Injective ecosystem projects to tap into the vast amounts of liquidity and users from the broad range of chains that Celer supports. Together, Celer Network, Astar, and Injective are committed to making DeFi accessible to everyone and providing a seamless experience for cross-chain transactions. This integration is a great first step in that direction and we are excited to see the impact it will have on the DeFi space!
Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.
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The Future of Multichain Smart Contracts.
Astar is Japan’s most popular smart contract platform, supporting both EVM and WebAssembly (Wasm) environments, and interoperability between them using a Cross-Virtual Machine. Astar Network is friendly to all kinds of developers, and the tools and languages they already know. Backed by the shared security of Polkadot, Astar shines brilliantly on its own within a vibrant and healthy ecosystem, and in the blockchain industry overall driving international corporate adoption, and consumer interest in Web3 technologies.
Astar’s Build2Earn system is designed to grow the network in an innovative way, while simultaneously rewarding participants and builders. It allows developers to earn incentives for building and maintaining their decentralized applications, and users to earn incentives for supporting their favorite projects, all while encouraging growth of the ecosystem overall.
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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 Message 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.
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