Wanchain is the OG of bridges. Their XFlows bridging technology and system is so popular, it’s now its own stand-alone app.
That’s the case here with today’s project. Their XFlows platform is so successful as the bridge for the industry’s most popular coins, it’s launching as a separate standalone app. Who am I talking about? The king of bridges, of course! Wanchain. Let’s see what’s new with them and XFlows.
Wanchain is the reason we call bridges bridges. They are the OG of crypto bridges and cross-chain interoperability.
And 2024 was a big year for them. First, they got a new CEO by promoting from within. Temujin Louie was the VP of Marketing. Now he is running Wanchain and doing a great job.
Then you have XFlows. We’ve covered XFlows a LOT here. It’s simply the safest and fastest way to bridge between chains. Especially for stablecoins, Bitcoin, and Ethereum. See the video below.
And those coins aren’t just the most popular in the industry. They are also the coins people move the most. It could be USDC from ETH to Polygon or wETH from BSC back to ETH. XFlows does the job fast, cheap, and with the highest level of security the industry offers. Despite being the first and longest operating bridge, Wanchain has never been hacked. And that’s no accident.
People are finding Wanchain for bridging, not just because we love using them. They’ve done over $1 billion in bridge volume and over 225,000 transactions. Bridge volume is up 125% in the last year. And now Wanchain’s bridge technology is getting integrated into other apps that need bridging services too.
All this is on the back of XFlows, which now covers 12 chains for USDT and USDC. It goes where everyone wants it to include many EVM chains, Cardano, Sui, Solana, and XRP.
One user moved 22 BTC in ONE transaction. It’s not just whales that trust and use Wanchain either. They just set a one-day record of 2,774 cross-chain transactions on their bridges. In one day. You can move as little as $50 if you want to.
That’s real product-market fit and shows that users need and will use what you are offering. You can’t buy or fake results like that. And this leads us to Wanchain’s big new product release this week.
XFlows has been so successful moving the same asset, like USDT, across chains that it will now be its own standalone app. There are lots of benefits to this for Wanchain and for users. See the sneak peek below.
Source: XFlows
First, it will be even easier for other standalone platforms or other chains to integrate Wanchain into their protocols. That’s great for $WAN token holders. There will also be some new flexibility for XFlows users. XFlows is already:
But now you can do even more native swaps with this new functionality.
For example, if you have ETH and you want to use PancakeSwap on BNB Chain, you’d normally have to do 2 transactions.
But now you will be able to swap native ETH tokens directly for native BNB Chain tokens in one transaction.
This saves time, money, and platform and counterparty risk. So you would be able to swap directly from native ETH on Ethereum to BNB, which is native to BNB Chain. You can then use your BNB on PancakeSwap for example with no worries.
The cross-chain experience of native tokens for native tokens has never been faster or easier. And with no wrapped or other derivative tokens to worry about, you know when you get to your destination chain you can use the tokens for whatever you want without restrictions. You have more flexibility and freedom over your crypto than ever before.
Gone will be the days of you moving money to another chain like an ETH L2, and it’s just stuck there. You can move it easily, and for native tokens, on another chain all in one transaction. The team can do this through XFlows and its new XPort feature.
More bridging from XFlows as a standalone app isn’t the only new benefit $WAN holders are getting these days. That’s Wanchain’s native token.
Wanchain has a convert and burn feature. Starting in July 2024 a little more than 6 months ago, Wanchain has already burned 400,000 $WAN. You can see the burn rate here. The team expects $WAN will become deflationary soon as they earn more fees from XFlows as a standalone app.
Also, to encourage more liquidity in Wanchain’s pools for bridge use and the Wanchain ecosystem, the team is issuing $xWAN. It’s a wrapped and unvested version of $WAN. With $xWAN, you may earn more rewards in the future on XStake if you stake the most popular tokens, like USDT. And the vesting schedule for you to unwrap it helps you earn more, and the protocol earns more for pool holders and stakers too. It’s a yield earning mechanism for $WAN holders.
It’s mostly a reward system for staking the most popular assets. Plus, it keeps the best bridge in crypto liquid with the tokens people move the most often.
You know we’ve been advocating for Wanchain’s XFlows for a long time now. We love it and have many regular users on the Altcoin Buzz team.
And now as a new standalone app, XFlows can do even more. Such as native token swaps from ETH to BNB or Avalanche to Polygon or Optimism to Arbitrum. Or of the 16 chains it supports.
You can do more with your assets than ever before. So try the new XFlows app today.
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 accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from 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.
Harmony plans to sunset its Layer 1 blockchain and migrate ONE to Ethereum after recent security exploits, while shifting its focus toward an AI powered video “remix economy.”
ETH
ONE
The Coldcard exploiter has moved 45% of the Bitcoin stolen in the third wave of attacks, with Galaxy Research tracking 97.09 BTC already moved through swaps and CoinJoin transactions.
BTC
U.S. spot Bitcoin ETFs attracted $986.9 million last week, extending their positive streak to three weeks as institutional demand recovered and BTC held near $80,000.
BTCThe #Wanchain Bridge. Thousands of people rely on it to send their assets #crosschain. With transactions ranging from $2 to $2 million, we're open to everyone to discover countless cross-chain opportunities. Here's one user moving 22 $BTC (~$2.2 million) in just one tx👇
🔥 400,000 $WAN (~$60,000) was burned through the Convert n' Burn System, which burns 10% of collected bridge fees. 💡 Did you know that once the burn rate exceeds PoS emissions, WAN will become deflationary? 🔍 Track Convert n' Burn live stats here: bridge.wanchain.org/Dashboard
