Solana

Drift

Wormhole

Portal

ERC20

<h4><strong>$WBTC, originally an <a href="https://www.altcoinbuzz.io/?s=erc-20+tokens" target="_blank" rel="noopener">ERC-20 token</a> representing Bitcoin on Ethereum, now extends its utility to Solana, enabled by the Wormhole protocol.</strong></h4> 
<div class="flex flex-grow flex-col max-w-full"> 
 <div class="min-h-[20px] text-message flex flex-col items-start whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 juice:w-full juice:items-end overflow-x-auto gap-2" dir="auto" data-message-author-role="assistant" data-message-id="f57d0a50-c2a2-43c2-9258-6c3febb42155"> 
  <div class="flex w-full flex-col gap-1 juice:empty:hidden juice:first:pt-[3px]"> 
   <div class="markdown prose w-full break-words dark:prose-invert light"> 
    <p>This integration allows $WBTC to be utilized across various Solana-based platforms, such as Drift Protocol, Kamino Finance, and Orca’s Exchange. It enhances liquidity and accessibility within Solana’s decentralized finance landscape.</p> 
    <h5><strong>$WBTC Integration Boosts Solana DeFi Access</strong></h5> 
   </div> 
  </div> 
 </div> 
</div> 
<div class="mt-1 flex gap-3 empty:hidden juice:-ml-3"> 
 <div class="items-center justify-start rounded-xl p-1 flex"> 
  <div class="flex items-center">
   $WBTC serves as a pivotal bridge between Bitcoin and decentralized finance, offering the transparency and verifiability of Bitcoin within the ERC20 framework. Through <a href="https://x.com/wormhole" target="_blank" rel="noopener">Wormhole’s Portal</a>, the process involves locking the original $WBTC tokens in an Ethereum smart contract while minting equivalent $WBTC tokens on Solana.
  </div> 
  <div class="flex items-center"></div> 
 </div> 
</div>  
<div>
 <img decoding="async" class="wp-image-143912 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cxvxfdfdgfg-259x300.jpg" alt="" width="458" height="531" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cxvxfdfdgfg-259x300.jpg 259w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cxvxfdfdgfg-363x420.jpg 363w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cxvxfdfdgfg.jpg 393w" sizes="(max-width: 458px) 100vw, 458px">
</div> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/wormhole/status/1805277312533012666" target="_blank" rel="noopener">X</a></strong></h6> 
<p>This mechanism ensures a seamless transition of $WBTC functionality from Ethereum to Solana, enabling users to leverage Bitcoin’s value and liquidity efficiently on both blockchains.</p> 
<p>Initially designed to integrate Bitcoin into Ethereum’s DeFi ecosystem, $WBTC’s adoption of <a href="https://www.altcoinbuzz.io/?s=solana" target="_blank" rel="noopener">Solana</a> through Wormhole now extends its utility and liquidity to Solana’s growing community.</p> 
<p><img decoding="async" class="wp-image-143913 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cbfdrgrey-224x300.png" alt="" width="439" height="588" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cbfdrgrey-224x300.png 224w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cbfdrgrey-313x420.png 313w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cbfdrgrey.png 393w" sizes="(max-width: 439px) 100vw, 439px"></p> 
<h6 style="text-align: center;"><strong>Source: </strong><a href="https://x.com/wormhole/status/1805277358934643166" target="_blank" rel="noopener"><strong>X</strong></a></h6> 
<p>The <a href="https://x.com/portalbridge_" target="_blank" rel="noopener">Portal bridge</a> facilitates smooth asset transfers between Ethereum and Solana, unlocking approximately $150,000 in $WBTC liquidity for multichain transactions within the Solana network. This integration not only broadens $WBTC’s utility but also reinforces Solana’s position as a vibrant hub for decentralized finance innovations.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="alignnone size-full wp-image-123700" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg" sizes="(max-width: 1197px) 100vw, 1197px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg 1197w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1068x132.jpg 1068w" alt="" width="1197" height="148"></a></p> 
<div class="youtube-embed" data-video_id="70IAjIJWnhs">
 <iframe title="The NEXT Altseason is Coming! 300-500% Gains for Altcoins soon?" width="696" height="392" src="https://www.youtube.com/embed/70IAjIJWnhs?feature=oembed&amp;enablejsapi=1" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div> 
<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/wbtc-expands-to-solana-via-wormhole/">$WBTC Expands to Solana via Wormhole</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

$WBTC Expands to Solana via Wormhole

Altcoin Buzz

2024年6月25日公開の他の記事

Toncoin and Notcoin's Rally Ends; Will MTAUR Pump Next?

How MoonBag Coin Snatched The Title of the Best Presale In 2024 From Fetch AI and Fantom?

Bitcoin Price Drops Below $60k Amid Fresh Sell-Off Pressure

GolfN Tees Up Play-to-Earn Golf Following $1.3M Pre-Seed Raise

Why Everyone Is Talking About THIS Crypto – And You Should Too

TON Price Remains Resilient Above $6.7, Can It Hold Ahead Of Crypto Winter?

ニュースレターを購読して暗号資産の最新情報を毎日入手！