Hyperbridge, a new protocol for blockchain interoperability, is launching on Polkadot, supporting Ethereum, Optimism, BNB Chain, and others.
Hyperbridge Launch and Support
Hyperbridge has successfully launched on the Polkadot platform, offering users seamless cross-chain interaction. The project received $2.5 million in seed funding supported by the Web3 Foundation and Scytale Digital. Currently, Hyperbridge supports Ethereum, Optimism, Arbitrum, Base, BNB Chain, and Gnosis blockchains.
Technological Features
During its test phases, Hyperbridge processed over 600,000 cross-chain messages with the involvement of 66 independent relayers. Key features include the Gateway token bridge, which provides high security and financial guarantee through zk-proofs and on-chain finality verification, allowing instant access to multichain liquidity.
Significance for the Blockchain Industry
Hyperbridge addresses numerous issues faced by traditional bridges by focusing on security. The technology uses zk-light clients and storage proofs to ensure security levels on par with the blockchains it connects, opening new possibilities for building decentralized applications and cross-chain interactions.
With Hyperbridge's launch, cross-chain interactions become safer and more reliable, opening new frontiers for decentralized finance (DeFi) and DAO governance.
