This game changing partnership means that on Skip’s ibc.fun, top DeFI exchanges, and wallets like Keplr and Leap, Hyperlane Warp Routes are combined into smooth interchain bridging and swaps.
Hyperlane allows joining any blockchain permissionlessly right out of the box. Hyperlane functions flawlessly in a variety of chains and virtual machines, including as EVM, Solana, Cosmos, Move, and others. Developers can use Hyperlane in any kind of setting.
Skip API is an interoperability platform that aims to unify the modular ecosystem into a single blockchain. Utilizing a range of underlying cross-chain messaging protocols, such as IBC, CCTP, and now Hyperlane.
Skip API assists developers in creating seamless cross-chain user experiences. It takes the fragmented bridging experience for developers and users and abstracts it away, creating a single, cohesive experience that can be integrated into any user interface.
Major Cosmos user interfaces including Astroport, Stargaze, Keplr and Leap Wallet interchain swaps, Skip’s proprietary ibc.fun, and many more are integrated with the API. Tens of thousands of transactions and tens of millions of dollars’ worth of tokens are moved every day by developers using the Skip API.
While there are multiple chains currently solving the issue of interoperability, none have succeeded so far and their solutions are highly complex. Numerous new chains and assets are hitting the market as a result of the expansion of the Cosmos and modular ecosystems.
Conventional interoperability suppliers like Wormhole, LayerZero, and Axelar require manual deployment on each chain. The result is a lengthy chain that needs bridges, and in order to progress up the queue, there are extensive manoeuvres which goes against the principle of decentralization.
Hyperlanes’ novel solution includes Wrap Routes that allow easy token movements across chains. Modularity is a key design principle for Hyperlane. Its interchain security modules, in particular, offer developers authority over their security model, enabling them to compose, configure, and tailor security to the requirements of their application.
Developers can create Interchain Applications (apps that span different blockchains) with Hyperlane.
New modular rollups provide Skip access to exclusive warp routes while also expanding Hyperlane’s user base. With this integration, Cosmos and any ecosystem that isn’t IBC compatible can collaborate in Hyperlane with only one click. This will make navigating the Modular Expansion even easier.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
