We’ve covered Wanchain a lot in recent weeks. And that’s because the project has been busy setting and accomplishing its goals. Wanchain is a blockchain focused on bridging blockchains and promoting interoperability.
Wanchain has made a series of notable achievements since its emergence in 2017. It launched the first-ever decentralized Bitcoin — Ethereum bridge. There’s been several other huge achievements over the years. Let’s look at what the project has been up to lately.
Wanchain Appoints a New CEO
Wanchain recently announced a leadership change. Temujin Louie, who is one of the brains behind the project’s growth, was recently appointed CEO. Louie previously served as Wanchain’s VP of Marketing and Growth. He replaced Jack Lu as CEO. Lu now serves as an active advisor for the project.
Louie has overseen some of Wanchain’s most successful ventures. This includes XFlows and the Cardano Bridge. Louie’s appointment would no doubt continue Wanchain’s impressive performance. Wanchain operates one of the safest decentralized bridges in crypto. Louie plans to introduce positive changes to the network. This includes charging a bridging fee. This would unlock a new utility for its WAN token.
The leadership change was part of Wanchain’s plans to pursue its next phase of growth. The project recently released a new roadmap of up to 2030. So, there’s a lot to look forward to. What else has Wanchain been up to lately?
Wanchain Unites Cardano and EVM
Wanchain has stayed busy with integrating isolated platforms such as Cardano. It successfully secured compatibility between Cardano-based apps and Cardano assets with EVM wallets. This includes wallets such as Trustwallet or Metamask. The approval is a huge sign of progress for Cardano-based dApps. And this exposes Cardano to a wider community and unlocks fresh liquidity.
Cardano is one of the most isolated networks. But Wanchain has created a path for EVM users to enjoy Cardano apps easily. They do not have to create a Cardano wallet or interact with dApp front-ends. So, users can now buy NFTs on Cardano and hold them in wallets like Metamask, Rabby, or Trust Wallet.
Other Community Updates
As said earlier, the project has been active in recent weeks. One of the most recent things is a partnership with Human Protocol. Human Protocol is an open-source platform. It supports automated launching, analysis, and payment of various work-related activities.
New #Wanchain Bridge testnet integration!#HMT @human_protocol
🛣️ New Routes:#Ethereum 🔄 #X1#Polyon 🔄 #X1
Ethereum 🔄 Polygon📒 Addresses: https://t.co/I2bA7A1wof
📚 Cross-chain Guide: https://t.co/HtbFTjta24
🌉 Try the X1 Testnet Bridge today: https://t.co/iUPgG8UCND pic.twitter.com/tdRiR9J5CU
— Wanchain (@wanchain_org) March 6, 2024
Wanchain also launched new decentralized, non-custodial bridges connecting the zkSync testnet to 6 other networks. This means ETH can easily move between
- Polygon
- Optimism
- Wanchain
- Ethereum
- BNB Chain
- Arbitrum
- And zkSync testnet
🗣️ #Wanchain has deployed new decentralised, non-custodial bridges connecting the @zksync Testnet to 6 other networks!
💡 #ETH can now move between #Arbitrum, #BNBChain, #Ethereum, #Optimism, #Polygon, #Wanchain and #ZKSync testnets!
🔜 #XFlows pic.twitter.com/s9cA2Imr6d
— Wanchain (@wanchain_org) March 12, 2024
There’s been a couple of other integrations and partnerships aside from these. Payment service provider, KuPay Finance, recently went live on their L1 blockchain. So, Wanchain serves as the home base for all KuPay products.
With the bull market kicking in stronger, Wanchain is getting more and more positive attention. Lots of projects are integrated with it. And the numbers prove this. Wanchain’s cross-chain volume recently hit another milestone. It currently has over 900 million cross-chain volume.
With the new team and growth plans in place, it’s only a matter of time before we see the bridge hit the billion-dollar mark.
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.
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