KEY TAKEAWAYS
- Router Nitro enhances cross-chain compatibility by integrating Sui with over 30 EVM chains, boosting decentralized interactions.
- Sui blockchain, a Layer 1 DPoS chain, has seen significant growth, with its TVL increasing by over 360% to nearly $1 billion.
- The integration allows seamless asset transfers between Sui and EVM chains, leveraging Nitro’s speed and low fees for improved Web3 connectivity.
- Router Nitro is developing an Intent Adapter for Sui, simplifying complex cross-chain actions like liquidity provision and staking.
Router Nitro has announced a significant development in the cryptocurrency industry by enabling cross-chain compatibility between the Sui blockchain and over 30 Ethereum Virtual Machine (EVM) chains. This integration is part of Router Nitro’s ongoing efforts to redefine decentralized interactions through its chain-abstracted journey.
Sui, pronounced “swē,” operates as a Delegated Proof of Stake (DPoS) chain, featuring its own consensus and validation mechanics. This Layer 1 blockchain utilizes a Move-based framework, prioritizing transaction speed and security. Sui has experienced substantial growth, starting the year with approximately $200 million in Total Value Locked (TVL) and achieving over 360% growth to nearly $1 billion by November. This growth reflects a significant influx of capital and increased user engagement within Sui’s ecosystem.
Router Nitro’s Cross-Chain Capabilities
With the integration of Sui, Router Nitro extends its cross-chain capabilities to include a blockchain known for its rapid transaction volumes and resilient user base. This addition joins a lineup that already features Tron, Osmosis, Bitcoin, Solana, and more. Router Nitro is recognized for its speed and affordability, offering transaction speeds over 1,166% faster than many alternatives.
The integration allows for the transfer of any asset between Sui and any EVM chain, benefiting from Nitro’s low transaction fees. This development enhances connectivity and flexibility for users and developers, facilitating smoother cross-chain interactions and contributing to a more interconnected Web3 ecosystem.
Future Developments and Intent Adapter
Router Nitro is also developing an Intent Adapter specifically for Sui-based protocols. This tool aims to deliver chain-abstracted experiences, enabling users to perform complex actions such as one-click liquidity provision, staking, and unstaking from any chain with any asset. This feature is expected to simplify cross-chain interactions, enhancing accessibility within the Sui ecosystem.
For more information, the full announcement can be found here.
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