At present, the public chains of the encryption industry are contending among a hundred schools of thought, and each public chain has its own loyal users.
However, the public chain and the public chain are like isolated islands, unable to communicate and connect seamlessly. Only through the cross-chain bridge, different processing mechanisms can be used on two different chains to assist in the transfer of users' assets. However, the cross-chain bridge is not a perfect solution. Its characteristics of being built on multiple different infrastructure chains make it the focus of hackers and increase the risk of user assets.
The existence of Polkadot's L0 has an essential conflict with the concept of native cross-chain. For many users, the meaning of cross-chain is usually the transfer of assets, but in fact, the real cross-chain is the exchange of information. True cross-chain integration.
The interconnection contract developed by Moonbeam for multi-chain ecological integration is to realize the information exchange between chains, break the isolated islands between blockchains, and allow users to use multi-chain applications at the front end. The cooperation between Moonbeam and multi-chain information transmission protocols such as Layer Zero, Wormhole and Axelar has taken a bigger step towards true cross-chain information transmission, allowing users on Moonbeam and other chains to enjoy one-stop services through information transmission protocols The multi-chain ecology also allows protocol developers to achieve perfect multi-chain deployment. At the same time, the Uniswap committee recently approved its cooperative cross-chain bridge for cross-chain deployment
, and Wormhole and Axelar will serve as dedicated cross-chain bridges for Uniswap V4 multi-chain deployment. Axelar will become a transit platform for multiple ecosystems, connecting Uniswap V4 protocols on different public chains through the transmission of general information.
Since reaching an integration agreement with Axelar in July 2022, Moonbeam has carried out cross-chain information transfer with many public chains through Axelar. Axelar currently supports more than 30 public chains, including Ethereum, Moonbeam, Avalanche, BNB, Osmosis, etc., and has more than 70 validators to assist in the operation of the platform to ensure the security of users and protocols. You can go to
Axelar Scan to view detailed data on all Axelar-supported information transfer between public chains. Just like the blockchains using the public chains, the Axelar Scan home page contains an overview of various data in the Axelar relay layer, such as the number of transactions, block numbers, and block production time, etc.
To query the information transfer data between chains, you can click INTERCHAIN TRANSFER at the top of the page, and the data transferred through Axelar's GMP (General Messaging) and Token will be displayed. As mentioned before, the real multi-chain transmission is not limited to the transmission between Tokens but the interaction of information, so you can use Axelar Scan to check the frequency and quantity of information transmission between Moonbeam and other chains. You can click Stats in the GMP Transfer tab to view it, as shown in the figure below.
As of the writing of this article, the cross-chain information transmission between Moonbeam and Avalanche chains ranks second on Axelar, with a total of 11,407 information transmissions, accounting for about 20% of all transmission information. In addition, the UniSwap Foundation, the DEX with the largest transaction scale on the chain, released the cross-chain bridge evaluation report, approving Axelar and Wormhole as specific cases in the cross-chain governance protocol. It can be seen that users on Avalanche gradually began to interact with the Moonbeam ecosystem, and the ecological protocols on the two chains also began to gradually integrate and cooperate.
In addition, Moonbeam’s XCM information transmission between Polkadot parachains is also the most active in the Polkadot ecosystem. You can see through the Subscan blockchain browser that among the top ten active XCM information transmission pairs, there are 7 included Moonbeam, and performed a total of about 31k XCM messages. It can be seen that the users and protocols on Moonbeam are actively interacting with other parallel chains through XCM to realize real chain-chain interconnection.
In addition to interacting with other public chains through information transfer protocols such as Axelar and Layer Zero, Moonbeam also cooperates with Prime Protocol to solve the liquidity of users on different public chains. Prime Protocol is a multi-chain liquidity protocol through which users can borrow and lend on any chain without cross-chain bridges and any middleware. At the same time, Prime Protocol also provides a universal access function, allowing users to use their assets on all chains as Gas fees for Token transfers. The combination of Prime Protocol and Moonbeam interconnection contracts expands DeFi operations and integrates cross-chain liquidity issues. Users can now play with different featured DeFi on multiple public chains without bearing the costs and risks of cross-chain bridges protocol.
Moonbeam will continue to work hard for the realization of multi-chain ecology. Through the operation of interconnection contracts and information transmission protocols, Moonbeam will become a transfer station for Polkadot and other public chain ecology, surpassing the original cross-chain, and bringing users a smooth and safe experience. Web3 experience.