Celer Network, a multi-chain operating system, announced the mainnet launch of its inter-chain messaging (IM) framework. The mainnet launch is the culmination of years of collaboration and refinement that brings to the market a bespoke, user-friendly framework that fundamentally changes how multi-blockchain decentralized applications are built and used.
Celer’s IM framework enables developers to build inter-chain-native dApps with a single-click UX, resulting in efficient liquidity utilization, coherent application logic and shared state across multiple blockchains. This is achieved by providing a plug-and-play upgrade that often requires no modifications with already deployed code – opening up endless opportunities for blockchain developer innovation. For example, existing DEX’s can be easily upgraded to become inter-chain-native, lending protocols can seamlessly transact across different chains, and NFT marketplaces can expand so that users from one chain can bid on assets on any other chain.
“The breakneck speed of innovation in the blockchain ecosystem has led to tremendous advancements, but the efforts of achieving scalability via multiple blockchains and layer-2s also brings the biggest threat to our industry’s growth,” said Mo Dong, Celer’s Co-founder. “Simply put, scalability via parallel blockchains is not free. Pools of liquidity are isolated, dApps cannot communicate with one another, and the user experience is too complex. We developed Celer’s IM framework to create a paradigm shift in how inter-chain-native dApps are built so multiple blockchains can operate as one.”
Several applications already operate successfully on the Celer IM framework. The first was cBridge, Celer’s asset bridge, which the company launched on mainnet in 2021. Since its launch, cBridge has been activated across 28 different blockchains and has grown to become one of the highest volume cross-chain bridges in the space with $6 billion cross-chain volume processed with over 130 thousands users and almost $750 million in TVL.
A wide range of different use cases of Celer IM framework is being adopted by prominent protocols to expand both their utilities and to enlarge their user bases. For a seamless one-click cross-chain token swap experience, ChainHop, a composable multi-chain, liquidity network, launched on mainnet today integrated with the Celer IM framework to make cross-chain swaps across 20+ blockchains and 1000+ assets with just one click for the best rates. Similarly, Rubic, a multi-chain swap protocol, is also enabling this one-click functionality across multiple blockchains.
Key cross-chain interoperability infrastructure, Swing, is simplifying the cross-chain transaction process by eliminating the need to make several manual commands on multiple networks with a single transaction when communicating with other Celer IM dApps.
Celer has also recently partnered with decentralized derivatives protocol SynFutures to support multi-blockchain futures trading, allowing users to leverage liquidity from any blockchain; and to scale its non-custodial crypto margin trading, Ooki is leveraging Celer IM to enable fee bridging among all Ooki’s different blockchain deployments.
Aperture, a cross-chain, community-driven marketplace for DeFi strategies, is leveraging Celer IM to enable one-click access to multi-chain for users from any blockchain. Solace, a decentralized insurance protocol that allows users to insure positions for over 180 DeFi protocols with one policy, is also integrating Celer IM for cross-chain insurance functionality.
Going beyond using Celer IM for DeFi applications, FutureSwap, the first decentralized, AMM-based trading protocol to offer leverage on any AMM-backed pair, is enabling cross-chain governance functionality; and Mystiko Network, the base layer of web3 that provides both connectivity and confidentiality to all blockchain data, transactions and applications, currently uses Celer IM to enable privacy protection against unwanted cross-chain data tracking and exploits.
To learn more about Celer and its upcoming developments, please visit: https://www.celer.network/
Celer Network is a multi-chain operating system that allows the various application logic, liquidity and states, normally segregated across different chains, to communicate with one another and enables seamless inter-chain composability for dApp developers and projects.
Through Celer IM, developers can build inter-chain-native dApps using the Celer Inter-chain Message SDK with efficient liquidity utilization, coherent application logic, and shared states. Users of Celer-enabled dApps will enjoy the benefits of a diverse multi-blockchain ecosystem with the simplicity of a single-transaction UX from a single chain.
For more information, visit: https://www.celer.network/ and join the official Celer Network community on Telegram: https://t.me/celernetwork.