Terra’s Cross-Chain Bridge Currently Supports Solana, Avalanche, Fantom, Moonbeam, Osmosis

Terra Bridge, the cross-chain bridge protocol currently supports Solana, Fantom, Moonbeam, Osmosis, and Avalanche in step with Terraform Labs chief operating officer Do Kwon. “Easiest thanks to move funds in crypto,” the Terraform Labs chief operating officer explained in an exceedingly tweet.

Terra Bridge Adds Five New Chains

On April 12, 2022, Terraform Labs co-founder Do Kwon told his 352,800 Twitter followers that Terra Bridge, otherwise called bridge.terra.money, currently supports 5 new blockchain networks.
Cross-chain bridge technology has return an extended over the last twelve months and in mid-September 2021, there was over $7 billion total price latched (TVL) across many bridges to Ethereum. Today, cross-chain bridges to ethereum hold $19.51 billion in price across over a dozen blockchain networks.
“Bridge.terra.money currently supports Avalanche, Solana, Osmosis, Fantom, and light beam Network. the best thanks to move funds in crypto,” Do Kwon same on weekday. The Terraform Labs co-founder additionally shared a screenshot of the protocol in action.
In addition to the freshly added Solana, Fantom, Moonbeam, Osmosis, and Avalanche networks, bridge.terra.money additionally supports Ethereum, Binance good Chain (BSC), Harmony, Secret, Injective, Cosmos, and two-dimensional figure.
The Terra (LUNA) network has been an outstanding fixture in suburbanized finance (defi) in recent times because the network is the second-largest blockchain in terms of defi TVL, in step with defillama.com stats. The worth latched in Terra these days is $26.14 billion or 12.52% of the $208 billion latched in defi on April 12.
Anchor is that the largest defi protocol on Terra with $14.38 billion latched and recreation facility is that the second-largest defi protocol with $7 billion latched. Terra (LUNA) is additionally the fifth-largest good contract platform coin by capitalization with $29.8 billion these days.
Anchor recently more support for the Avalanche (AVAX) blockchain and therefore the Luna Foundation Guard (LFG) recently explained it planned to buy $100 million in AVAX, additionally to the non-profit’s bitcoin (BTC) reserves.