Avalanche is officially launched and the cross-chain bridge between the Ethereum chain "Avalanche-Ethereum Bridge (AEB)"

Rhythm BlockBeats news, on February 9th, the decentralized service platform  Avalanche  announced the official launch of the cross-chain bridge between Avalanche and Ethereum "Avalanche-Ethereum Bridge (AEB)", currently users can Realize seamless and two-way asset flow between Avalanche and Ethereum's DeFi ecosystem (such as WBTC, AAVE, UNI and LINK, etc.).

It is understood that the cross-chain bridge is developed by ChainSafe, and the relay layer is Protofire, Hashquark, POA Network, AvaScan and Meter. Specifically, DeFi users need to first lock Wrapped ETH (WETH), ERC-20 or ERC-721 tokens in the ChainBridge contract on Ethereum, and mint the same amount of tokens on Avalanche, after which the newly created Assets are used in Avalanche's DeFi applications.

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