A new feature of cross-chain bridge deBridge will allow Solana users to easily access applications on other blockchains at low fees, said Alex Smirnov, CEO and co-founder of deBridge. The feature was the first time a Solana user could access Ethereum Virtual Machine (EVM)-based blockchains without relying on derivative or wrapped tokens that pose security risks.
According to Smirnov, "Wormhole used to be the only interoperability solution available for the Solana ecosystem, but the problem was that interoperability was not seamless. Users and projects that needed to transfer liquidity to Solana have always faced limitations due to the lack of liquidity in Wormhole pools and high slippage during the exchange of the wrapped assets, which often made developers have to deal with non-liquid Wormhole assets."
deBridge said its new feature is achieved by enabling any EVM smart contract to prepare on-chain instructions that are directly executed on Solana, while Solana programs can also prepare messages to be sent to any smart contracts on EVM chains. This will be made possible thanks to a partnership with the DLN Trade API, a cross-chain trading product from deBridge that uses a decentralized order book to allow any asset on one chain to be traded directly to any asset on another chain without the bottleneck and risk of a liquidity pool.