Axelar has launched the Interchain Token Service (ITS), a solution designed to enhance the interoperability of ERC-20 tokens across all Ethereum Virtual Machine (EVM)-compatible chains.
Among the early adopters of this service is Sushi, a decentralized exchange (DEX), aiming to use the ITS to foster seamless interactions of its native SUSHI token across multiple blockchain networks.
Driving Cross-Chain Integration with ITS
Axelar’s ITS primarily focuses on the interoperability of ERC-20 tokens across all EVM-compatible ecosystems. These tokens are generated on a 1:1 ratio and are managed through Axelar’s native computing environment, the Axelar Virtual Machine. The newly revealed service is set to provide a muchj-needed boost to the ease of token interaction across Ethereum-compatible chains.
Decentralized exchange Sushi is set to be one of the first adopters of the “interchain tokens” provided through this service. Sushi’s team plans to use the ITS to facilitate seamless inter
We współpracy z: https://cryptodaily.co.uk/2023/07/axelar-launches-interchain-token-service-axl
