The cross-chain infrastructure "Router Protocol" participated by Coinbase will be launched on the mainnet soon

Odaily资深作者

2021-12-13 01:29

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The vigorous development of multi-chains has given birth to the rigid demand for cross-chains.

On December 10, a Singapore-based cross-chain infrastructure startupRouter ProtocolSecured $4.1 million in funding from Coinbase Ventures, Woodstock Fund, QCP Capital, Alameda Research, De-Fi Capital, Polygon, Wintermute, Shima Capital, TeraSurge Capital, Maple Block, and Bison Fund. The company has previously received grants from Terraform Labs and the Algorand Foundation.

Router Protocol was established in 2020 by Ramani Ramachandran, Shubham Singh, Chandan Choudhury and Priyeshu Garg.

Router Protocol is positioned to build cross-chain infrastructure to realize communication between Layer 1 and Layer 2.According to reports, Router Protocol will not fragment assets, support the transmission of any form of general data, enhance scalability with a one-to-many bridge, and allow other Dapps to use its functions to achieve cross-chain interoperability (such as governance). In terms of optimizing price discovery, Router Protocol adopts seamless intelligent order routing among different DEXs.

Router Protocol also announced partnerships with multiple protocols, including Polygon, Avalanche, Terra, Algorand, and more, and plans to launch the mainnet in the next few weeks.Learn more about.official pushLearn more about.

Its CEO Ramani Ramachandran is acceptingInterview with YourstoryShi said, "Our vision is to create a leading cross-chain infrastructure project. In the future, there will be multiple Layer 1, Layer 2, Roll-ups and non-Roll-ups based chains using Router Protocol." According to him, Investors in Router Protocol are also deeply involved in product design and technology development.

(Odaily note:

(Odaily note:DfynIt is a Polygon-based cross-chain DEX developed by the team, with a 24-hour transaction volume of approximately US$4.47 million, and US$102,410 has been locked on Galaxyfarm in its liquidity pool. )

Woodstock Fund Chief Information Officer Himanshu Yadav said, "We will participate in Web 3.0 activities based on different chains and scenarios. Router Protocol's XCLP will be an important cross-chain infrastructure solution."

A cross-chain (including cross-Layer 2) communication protocol with functions similar to (or even superior to) the Router ProtocolMovr Networkrecommended reading