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Blockchain

Moonbeam Officially Integrated With Osmosis

July 26, 2022 - Around 2 mins mins to read
Moonbeam integrates with the Osmosis DEX, and cross-chain token swaps between Polkadot and Cosmos have never been easier.
Moonbeam Officially Integrated With Osmosis

According to information published on July 23, Moonbeam will officially integrate with Cosmos-based Osmosis. From now on, users can easily swap tokens between Polkadot and Cosmos. This is considered a big step forward between these two ecosystems.

The integration is done through the Axelar Network infrastructure. Axelar is both a bridge and a cross-chain communication platform between smart contract protocols. The project raised $25 million from a Series A round last year.

DOT, the governance token of the Polkadot blockchain, will be the first token supported on the cross-chain bridge. Moonbeam plans to support many more coins/tokens on the Polkadot ecosystem coming to Cosmos.

According to Moonbeam, this is an essential milestone in expanding cross-chain composability between the two ecosystems. The platform also claims this partnership reinforces that Polkadot and Cosmos can exist as a complementary ecosystem – despite often seeing each other as rivals on the way to conquering the same goal.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

CoinCu News

Cosmos

cross-chain bridge

GLMR

moonbeam

Osmosis

Polkadot

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Blockchain

Moonbeam Officially Integrated With Osmosis

Moonbeam integrates with the Osmosis DEX, and cross-chain token swaps between Polkadot and Cosmos have never been easier.
Moonbeam Officially Integrated With Osmosis

According to information published on July 23, Moonbeam will officially integrate with Cosmos-based Osmosis. From now on, users can easily swap tokens between Polkadot and Cosmos. This is considered a big step forward between these two ecosystems.

The integration is done through the Axelar Network infrastructure. Axelar is both a bridge and a cross-chain communication platform between smart contract protocols. The project raised $25 million from a Series A round last year.

DOT, the governance token of the Polkadot blockchain, will be the first token supported on the cross-chain bridge. Moonbeam plans to support many more coins/tokens on the Polkadot ecosystem coming to Cosmos.

According to Moonbeam, this is an essential milestone in expanding cross-chain composability between the two ecosystems. The platform also claims this partnership reinforces that Polkadot and Cosmos can exist as a complementary ecosystem – despite often seeing each other as rivals on the way to conquering the same goal.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

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