Two under-the-radar altcoins are surging ahead of the surge on Coinbase, the largest U.S. cryptocurrency exchange.
Coinbase Assets has announced that it is adding interoperable layer 1 blockchain ZetaChain (ZETACHAIN) and cross-chain bridge Across Protocol (AVX) to its listing roadmap.
Coinbase’s listing roadmap was created in 2022 as a means to increase transparency and discourage front-running. Whenever Coinbase decides to add a new asset, they first communicate the decision via their roadmap.
Dubbed “the first general-purpose blockchain,” ZetaChain is an interoperable Ethereum Virtual Machine (EVM) that allows developers to build decentralized applications (dApps) on multiple blockchains, including Bitcoin (BTC), Cosmos (ATOM), and Ethereum (ETH).
“Universal Apps built on ZetaChain connect everything in the cryptocurrency ecosystem, providing easy, seamless, and secure access to all cryptocurrencies, as if everything was in one place.”
At the time of writing, ZetaChain is trading at $0.491, up 7.7% over the last 24 hours.
Another digital asset supported by Coinbase, AVX is a multi-chain bridge that allows users to seamlessly transfer tokens from one blockchain to another using intents.
“A cross-chain intent is a cross-chain limit order and action to execute. Intents replace explicit execution steps with user outcomes, allowing relayers to compete to provide the user with the optimal execution path…
Across connects users to dApps via intents, rather than connecting blockchains to blockchains. Developers can create seamless cross-chain experiences by simply embedding standard sequences into protocol operations.”
At the time of writing, ACX is valued at $0.356, up 8.4% on the day.
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Featured image: Shutterstock/FlashMovie/Vladimir Sazonov