Moonbeam Launches Routed Liquidity, Unlocking Billions in Wormhole Liquidity and Solving Fragmentation Issue Across Polkadot Ecosystem
SINGAPORE, Aug. 17, 2023 /PRNewswire-PRWeb/ -- Moonbeam, the top destination for multi-chain applications on Polkadot, has introduced new functionality that allows the entire Polkadot ecosystem to easily access billions of dollars in liquidity via the Wormhole protocol. Until today, there was no easy way for parachains on Polkadot to tap into external assets and users without undertaking independent integrations with bridge providers. Now, with the release of Moonbeam Routed Liquidity, users of HydraDX can bring in crypto liquidity from ecosystems like Ethereum, Solana, Polygon, or Avalanche — without needing to create a Moonbeam account or interact with Moonbeam directly.
- With Moonbeam Routed Liquidity, all parachains now can access bridge liquidity through a cross-chain (XCM) connection with Moonbeam.
- Moonbeam Routed Liquidity (MRL) is a powerful way to bring liquidity to the entire Polkadot ecosystem.
- "Moonbeam Routed Liquidity drastically simplifies the complexities of moving data and assets from an external chain within Polkadot.
- This launch exemplifies how Moonbeam can serve the entire Polkadot ecosystem by serving as a gateway to liquidity solutions through teams like Wormhole."