Fantom is Now Part of ChainPort’s Supported Blockchains for Boosted EVM Interoperability

By Melusine | ChainPort | 26 Jan 2022


By Maximiliano Stochyk Duarte

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EVM’s blockchains had a huge growth in 2021 and will continue their bullish trend with the high fees that ETH is presenting to its users, everyone is looking for alternatives to build on.

At ChainPort, our main mission is to provide full interoperability within the whole ecosystem and our custodian-level security standards.

Fantom ecosystem is becoming bigger by the day, with a multi-billion dollar market cap for FTM numbers speak for themselves.

ChainPort now supports Ethereum, Avalanche, Binance Smart Chain, Fuse, Moonriver, and Fantom — with all the big EVMs coming together this quarter.

What is Fantom?

Fantom is one of the fastest blockchains in the world. It recently became the third largest blockchain by TVL and in the past days, it has processed more transactions than Ethereum. On Fantom, transactions are almost instant and inexpensive, delivering a seamless experience for users.

Fantom via ChainPort

We are glad to announce that Fantom is now fully supported by ChainPort, bringing our interoperability roadmap to the next level.

Now any ERC20 can enjoy the scalability of Fantom within 2 to 5 minutes within our super easy-to-use UI where porting from one chain to another is just as easy as connecting your wallet and signing a transaction.

ChainPort is free to use, for now, we will be introducing a small fee with our PORTX token later this year.

About Fantom

Fantom is a fast, scalable, and secure layer-1 EVM-compatible platform built on a permissionless aBFT consensus protocol. On Fantom, transactions are confirmed in one second and cost a fraction of a cent. Speed, low transaction costs, and high throughput make Fantom ideal for DeFi applications and real-world use-cases.

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About ChainPort

ChainPort is a next-gen blockchain bridge that provides custodian-level security with real interoperability, allowing instant hops across chains at a click.

ChainPort has been live since July and has already grown to port more than 80 tokens with $400M TVL and an average daily volume of $5M, with a current 30% monthly growth. Position itself as one of the top 5 biggest bridges in the space, and #84 by TVL between all dapps and DeFi’s in the world.

ChainPort offers permissionless ports between chains with a simple UI and 7 wallets already supported. ChainPort is a very fast bridge -12 confirmation on Ethereum, only 2.5 minutes on average!

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Melusine
Melusine

Writer about cybersecurity, blockchain and digital marketing


ChainPort
ChainPort

ChainPort is a new-generation bridge creating novel yield opportunities, liquidity for staked assets by porting tokens across blockchains.

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