Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
Home»ETHEREUM NEWS»Ethereum bridge router protocol seeking to build its own L1 through strategic funding
ETHEREUM NEWS

Ethereum bridge router protocol seeking to build its own L1 through strategic funding

By Crypto FlexsJune 18, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum bridge router protocol seeking to build its own L1 through strategic funding
Share
Facebook Twitter LinkedIn Pinterest Email

If we do the research, you can get alpha!

Get exclusive reports and key insights on airdrops, NFTs, and more! Subscribe to Alpha Reports now and enjoy the game!

Go to Alpha Report

Ethereum and BNB Chain Bridge Router Protocol have closed an oversubscription funding round to expand the bridge to more networks.

Router Protocol, a modular cross-chain framework for building interoperable applications. By connecting different blockchain ecosystems, bridges play an important role in creating a more cohesive and streamlined network.

It will be launched on the Polygon and BSC chains in 2022 with the goal of making life easier for future Web3 users.

Router Protocol said in a press release that it recently raised more funds than expected for further development, but did not disclose the exact amount. The investment realized from this raise will be used to power its own fully functional layer 1 blockchain, isolated from the Binance and Polygon ecosystems.

“Router Chain embodies an evolution of our unwavering vision to build a universal interconnection layer between fragmented L1/L2 networks,” Ramani Ramachandran, CEO of Router Protocol, said in a press release. said.

He added that the goal is to eliminate complexity.

The team is “focused on providing a seamless and intuitive user and developer experience for multichain applications,” he added.

According to Shubham Singh, CTO of Router Protocol, the ecosystem has experienced tremendous growth with cross-chain projects like FolioX and StakeEase deciding to make a name for themselves by leveraging the unique characteristics of the protocol.

In another development, Router Protocol achieved an important milestone with the successful launch of Router Nitro. This cross-chain bridge leverages an innovative reverse verification method to deliver speed and gas efficiency.

Since launch, the Nitro bridge has facilitated over $350 million in trading volume, processed over 650,000 transactions, and attracted nearly 300,000 unique users in four months.

This highlights the growing demand for seamless cross-chain interactions.

The protocol will soon launch ecosystem grants for prospective projects based on Router Chain.

Edited by Stacey Elliott.

daily report newsletter

Start your day today with top news stories, original features, podcasts, videos and more.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum Future is an execution of stablecoins and tokenized assets -then you need to know:

October 2, 2025

Ether Lee’s fusaka upgrade promises 60 million gas limit boosts.

September 28, 2025

Ether Leeum World Fair Announcement

September 24, 2025
Add A Comment

Comments are closed.

Recent Posts

SHIBA INU (SHIB) and Dogecoin (DOGE) holders are 16,736%of Rally Progast Tempts buyers that are accumulated as Little PEPE (Lilpepe).

October 5, 2025

Solana Future Surge as the institution induces the open interest for the best record.

October 4, 2025

Free bitcoin.in app withdrawal request My satoshi

October 3, 2025

If this happens, you can see a huge price of $ 1.9.

October 3, 2025

Lombard Liquid Bitcoin Summary Summary

October 3, 2025

Easily Earn $5588+ In Passive Income Every Day With PlanMining Cloud Mining

October 3, 2025

The reason why hyper clicade wins aster with Perp DEX, which can be most invested.

October 3, 2025

Psy Protocol Testnet Combines Internet Scale And Speed With Bitcoin-Level Security

October 2, 2025

Eightco Holdings Inc. ($ORBS) Expands Investor Access With Options Trading

October 2, 2025

How To Use A Bitcoin Heatmap For Smarter Trading Decisions

October 2, 2025

Pioneer the future of digital innovation throughout Web2 and Web3

October 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

SHIBA INU (SHIB) and Dogecoin (DOGE) holders are 16,736%of Rally Progast Tempts buyers that are accumulated as Little PEPE (Lilpepe).

October 5, 2025

Solana Future Surge as the institution induces the open interest for the best record.

October 4, 2025

Free bitcoin.in app withdrawal request My satoshi

October 3, 2025
Most Popular

Morgan Stanley Reveals $187 Million Investment in BlackRock’s Spot Bitcoin ETF, GBTC Selloff Set for Q2

August 15, 2024

Top 5 Altcoins You Must Buy in 2024: Crypto Market Opportunity

January 3, 2024

Bitcoin, Sui, and Solana Gaming Handhelds: Here’s how they stack up.

April 12, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.