Blockchain

Wormhole Deployed Its Generic Messaging Layer To The AptosLabs Devnet

The Wormhole Bridge implements cross-chain communication with the devnet AptosLabs, as confirmed at the Mainnet 2022 conference from the project side.

Wormhole Deployed Its Generic Messaging Layer To The AptosLabs Devnet 3

The communication layer facilitates the transfer of assets between chains supported by Wormhole. Accordingly, Aptos is the latest name that Wormhole connects to, after 17 layers-1 such as Ethereum, Solana, Binance Smart Chain, and Polygon,…

Aptos devnet acts as a test environment for blockchain developers to work in. Like the testnet, the devnet usually operates independently of the mainnet.

Through Wormhole’s Portal Bridge mechanism, the original token is locked in a smart contract and creates a wrapped token version at the other end of the chain. After receiving this wrapped token version, users can freely interact DeFi on the destination chain.

Available on the Aptos devnet as a node that unlocks the flow of liquidity into Aptos, providing developers with enhanced integration with Wormhole’s lightweight clients and access to oracle and NFT pricing markets.

Wormhole Deployed Its Generic Messaging Layer To The AptosLabs Devnet 4

Pyth, the Jump Crypto-backed oracle platform, also chose to launch on the Aptos devnet on September 21.

Aptos is the project of a former engineer Diem, blockchain was once developed by Facebook and abandoned. Recently, Aptos received an additional investment from Binance.

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

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.