Injective to Welcome 10 New Blockchains with Wormhole Partnership

Injective users will soon have 10 new blockchains on its platform, following a partnership with the Wormhole bridge which links to Solana and other decentralized finance networks.

Source: Injective Labs Twitter

Injective announces new integration with @WormholeCrypto ‼️

Wormhole brings ten new chains, such as @Avalancheavax and @Solana, to Injective’s already interoperable chain, making Injective the primary gateway to enter the @cosmos universe ⚛️ https://t.co/Zu8belwh7d

— Injective 🥷 | Cosmos IBC | Ethereum compatible (@InjectiveLabs) May 25, 2022

INJ is down 13.60%, while SOL is down 11.63%.

Under the partnership, Injective users will be able to transfer assets from Ethereum Virtual Machine (EVM) chains or Solana at the click of a button. This will also enable cross-chain trading across Cosmos and Solana ecosystems.

The partnership comes as layer one blockchains traditionally cannot communicate with one another, with cross-chain transfers requiring a complicated series of steps or impossible altogether.

The partnership will also make Injective a primary gateway for investors to make the entry of cross-chain native assets from Solana and other prominent Layer 1 chains into the Cosmos and IBC universe.

Injective currently provides a matching layer resistant to a maximal extractable value, programmable derivatives, robust order book primitives, and an innovative CosmWasm contract layer.