53.3% pump in 7 days! Yes, Chainlink has been pumping like crazy. But this article is not at all about Chainlink. In fact, it is about Wanchain. Then why did I start with a mention of Chainlink? Was it a clickbait? Kind of yes but let me explain myself.
We all saw recently, what happened to Chainlink. It suddenly grabbed everyone’s attention with whales, SWIFT, Google Cloud, AWS, and then this massive pump. But Chainlink was an undervalued gem for a very long time. And Wanchain is exactly like Chainlink, it’s building and delivering, and still, it is an undervalued project. But that is good for you because you still have an opportunity to get in early only price-wise.
Otherwise, Wanchain is already connecting 30 blockchains and its cross-chain bridge transaction volume is $624 Million. And all this with 0 hacks. But to trust me, you need to watch this video.
Wanchain Background
Wanchain is the OG of bridges. In fact, we call them bridges because Wanchain named them. And you know how important they are in moving money across chains. As you see playing in the background, the combination of speed, good price, and safety are all important to a quality bridge.
❌ Incompatible asset versions fracture liquidity and hinder adoption
💡 @circle’s #CCTP unifies liquidity and standardises $USDC on all chains
🌉 Wanchain proudly supports #USDC CCTP on @BuildOnBase. Move native USDC across chains at https://t.co/4kvG4ZnaE2#WeAreAllConnected pic.twitter.com/DJHzzlT0yV
— Wanchain (@wanchain_org) October 27, 2023
Especially the safety part. Wanchain has never had a hack or theft on any of its bridges. Why is that? We’ve told you this before but we wanted to dig into why this is. So we are going to ask the Wanchain team in just a minute. As you see the answers to these questions, we think you will see where there is hidden value in the project and its $WAN token.
Do you bridge between chains often? What bridges do you like to use? Are you concerned about safety in your bridges? Let us know in the comments below.
Answers to Common Questions from The Wanchain Team
Wanchain is THE expert in bridges. And while we explain what they do pretty well, their team explains it even better. So we have Temujin Louie, the VP of Marketing at Wanchain here to answer a couple of questions we were curious about.
Back to the question of why Wanchain doesn’t suffer bridge hacks that others have in the past. We know it’s not luck. But why is it? Temujin explains here that their collaborative approach with protocols as well as important entities like the Ethereum Enterprise Alliance allow for bridges to do only their most essential work. They are not susceptible to hacks compared to others that have large “you may have heard of this term before” attack vectors.
Then we were curious if the public recognized how secure Wanchain’s bridges are. One way we can tell is if bridge volume goes up after a hack on another bridge. Here Temujin confirms what we thought that the public does consider safety important. After a bridge gets hacked, Wanchain does in fact see more volume. After the popularity of the XFlows program you can bridge across chains but receive native tokens of the 4 most popular assets in crypto like Bitcoin, Ethereum, USDC, and USDT.
Congrats on the launch!#Wanchain has already deployed bridges connecting @horizenglobal EON directly to #Bitcoin, #Litecoin, the #XRP Ledger and the Wanchain L1.
🪙 Assets: $BTC, $LTC, $USDC, $USDT, $WAN, $XRP
⏳ More routes and assets #ComingSoon
🌉 https://t.co/4kvG4ZnaE2 https://t.co/v3pBWsyyx6
— Wanchain (@wanchain_org) October 27, 2023
We asked what chains Wanchain be adding to their more than 30 where they bridge now. Here you got some good hints of where Wanchain will go next based on either successful L2s or places where USDT and USDC are native. The L2 bridging is particularly helpful because most L2s ONLY bridge back to Ethereum.
But what if you want to bridge from Arbitrum to Polygon? Or Arbitrum to Optimism? With Wanchain you save steps in the process, time, and money with their bridges. So, if it’s not there already, Wanchain’s fast, cheap, safe, and dependable bridges could be coming to chain near you soon.
And while you are at it, you should definitely check out their XFlows to seamlessly move popular assets between chains. With Wanchain, you know it will be safe.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This article has been sponsored by Wanchain. Copyright Altcoin Buzz Pte Ltd.
