Sonic Labs launches Sonic Gateway, a cross-chain bridge between Ethereum and Sonic

2024-09-19 08:39

Odaily News According to official news, Sonic Labs announced the launch of Sonic Gateway, a decentralized, trustless bridge between Ethereum and Sonic that eliminates custody risks. According to reports, Sonic Gateway uses Sonic's validator network for secure ERC-20 token transfers, and users always retain full control of their funds. Transfers from Ethereum to Sonic take up to 10 minutes, and transfers from Sonic to Ethereum take up to 1 hour. In addition, its fail-safe mechanism allows users to retrieve assets on Ethereum in the event of a 14-day failure of Sonic Gateway.

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