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deBridge Finance's IaaS Interoperability Service Goes Live with Neon EVM Integration

DeBridge Finance launches its IaaS interoperability service, integrating with Neon EVM for seamless cross-chain functionality.

February 7, 2024 by Sheldon

deBridge Finance has launched its interoperability as a Service (IaaS) platform, making its debut with the integration of Neon EVM—an Ethereum Virtual Machine (EVM) that enables the deployment of Ethereum dApps on Solana. This launch signifies a pivotal step towards achieving seamless interoperability within the blockchain ecosystem.

Neon EVM is the first platform on the Solana blockchain that lets developers create apps similar to those on Ethereum but with an easier setup. It allows these apps to work efficiently by processing many transactions simultaneously and keeping costs low.

The deBridge IaaS platform facilitates cross-chain interactions between EVM and Secure Virtual Machine (SVM) ecosystems, offering authenticated message transfers, rapid cross-chain trading, and secure asset custody through a single subscription service. Neon EVM's adoption of deBridge IaaS instantly broadens its compatibility, enabling near-instant cross-chain trading and secure asset transfers from major blockchains such as Ethereum, BNB Chain, and Polygon.

Neon EVM leverages deBridge's service to offer developers and users a simplified, efficient, and secure cross-chain experience, highlighting the potential for extensive interoperability and scalability across the DeFi landscape. deBridge's initiative to streamline cross-chain swaps and interactions demonstrated through features like the limit order function introduced during the $JUP launch powered by DLN, underscores its ongoing commitment to enhancing the liquidity for the Solana ecosystem and broader blockchain infrastructure.

With this launch, deBridge Finance establishes a new paradigm for blockchain interoperability, promising to accelerate the growth and connectivity of decentralized applications across different platforms.

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