Today, Cosmos launches a new bridge product, IBC Eureka, which provides fast and affordable connectivity between Ethereum and Cosmos chains. This new tool aims to remove barriers in blockchain interactions.
About the Launch of IBC Eureka
IBC Eureka enables instant and inexpensive connections between blockchains by using the Cosmos Hub as a routing layer. The solution allows developers to build multichain applications, significantly simplifying interactions across different ecosystems.
Advantages of IBC Eureka
Key advantages of IBC Eureka include:
- Ability to transfer assets from Ethereum for less than $1, including fees. - Support for ERC-20 tokens for easy transfers into the Cosmos network. - Simplified interaction without the need for additional connections.
Key Partners and Integrations
Projects joining the IBC Eureka network include:
- Babylon, which will allow users to move Bitcoin LST tokens from Ethereum to its Cosmos chain. - Tower DEX, enabling trading of multiple tokens on its new decentralized exchange. - MANTRA, which will leverage IBC Eureka to bridge institutional capital into the Cosmos real estate markets.
The launch of IBC Eureka marks a significant step toward enhanced interaction between the Ethereum and Cosmos ecosystems, facilitating integration and enabling rapid asset exchange.
