Terra 2.0 has launched a new Terra Bridge V2 on the Terra mainnet, which allows users to transfer assets between Terra 2.0, Ethereum, Osmosis, Secret, Cosmos, and Juno.
<h2>Terra Bridge V2 Now LIVE on Terra Mainnet</h2>
The Terra Bridge V2 allows users to transfer their digital assets between various blockchain networks, including Ethereum, Secret, Cosmos, Osmosis, and Juno. The bridge uses <a href="https://www.cryptoknowmics.com/news/cosmos-deep-dive-the-internet-of-blockchains/" target="_blank" rel="noopener">Cosmos</a> and Axelar to enhance functionality. Cosmos facilitates interoperability among a group of blockchains, while Axelar facilitates universal connectivity for Web3.

Axelar is supported only for cross-chain transfer between Terra and Ethereum. It allows users to transfer Axelar USD Coin (axlUSDC) and Axelar Tether (axlUSDT).

Whereas, Cosmos IBC is supported for cross-chain transfer of LUNA from Terra to Osmosis, Secret, Cosmos, and Juno. Interestingly, Terra Bridge V2 also supports LunaX, ampLUNA, axlWBTC, axlWETH, and GRAV tokens on Terra to Terra.

Furthermore, users looking to use bridge with Terra Classic can switch to Terra Bridge Classic. However, Axelar is no longer supported, and only Wormhole and Shuttle are available for cross-chain transfers.

https://twitter.com/terra_money/status/1532825481267056640

The Terra Bridge V2 employs a different access point for LUNA and LUNC where users can head to this point for LUNA and use this wormhole to transfer their tokens. The supported wallets include Terra Station on <a href="https://www.terra.money/" target="_blank" rel="nofollow noopener">Terra 2.0</a>, MetaMask, Coinbase or Trustwallet for WalletConnect on Ethereum, and Binance Chain Wallet or MetaMask on Binance Smart Chain (BSC).

Terra Mainnet Launches New Cross-Chain Bridge Network

Terra 2.0 has launched a new Terra Bridge V2 on the Terra mainnet, which allows users to transfer assets between Terra 2.0 to Ethereum.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Terra Mainnet Launches New Cross-Chain Bridge Network

Top Picks