Huobi Token Begins Trading as Japan’s First Compliant Global Exchange Token 8397

Huobi Group today announced that its native ecosystem token Huobi Token (HT) has been listed on Huobi Japan as a fully compliant crypto asset. HT is the first global exchange token to receive regulatory approval for trading in the country by the Financial Services Agency (FSA), a Japanese financial regulator responsible for overseeing banking, securities and exchange, and insurance sectors.

According to crypto market analysis firm DataLight, Japan has more than 6.2 million crypto asset investors, making it the second-largest crypto trading market in the world. The country is known for having some of the most stringent compliance policies for crypto assets and limits the number of new tokens approved for trading. HT is currently one of just 26 compliant crypto assets to trade in Japan under the FSA’s guidance.

“The HT approval process was an arduous journey, so we’re incredibly excited to now offer it as a trading option for local users,” said Haiteng Chen, CEO of Huobi Japan. “The listing is a testament to Huobi’s on-going commitment to its global compliance strategy. We will continue working closely with the FSA to ensure full compliance with local regulations so our users can trade with ease in a safe and secure environment.”

Of the compliant crypto assets in Japan, HT is the country’s seventh-largest token in market capitalization. Huobi Japan supports six trading pairs for HT, including HT/JPY, HT/BTC, HT/ETH, BCH/HT, XRP/HT, and LTC/HT. Users can also access Huobi Japan’s fiat-to-crypto gateway to purchase HT directly with the Japanese Yen at local branches. In the near future, Huobi Japan will reduce the HT fee and launch HT voting functionality to strengthen the exchange.

As a localized exchange and subsidiary of Huobi Group, Huobi Japan began working with the FSA in mid-2018 to meet all regulatory requirements and obtain the proper licenses to operate legally in Japan. In late 2018, Huobi Japan received the Kanto Finance Bureau No. 0007 license issued by the Japanese Ministry of Finance, which allowed the exchange to support six digital assets, 10 trading pairs, and a fiat-to-crypto on-ramp for the Japanese Yen. This early regulatory approval of Huobi Japan ultimately helped pave the way for the HT approval.

HT’s listing comes as Japan continues to tighten regulations and updates existing laws to better define crypto assets. Last year, the Japanese House of Representatives passed revisions to two pieces of legislation, the Payment Services Act (PSA) and Financial Instruments and Exchange Act (FIEA), to classify and regulate crypto assets. Japan began enforcing the revised versions of the PSA and FIEA this past month.

About Huobi Japan

Huobi Japan is one of Huobi Group’s strategic overseas operations. Through acquiring a licensed Japanese cryptocurrency exchange ‘BitTrade’ in September 2019, Huobi Japan has since been able to provide Yen-to-crypto trading services in a legally compliant manner. In an effort to build a world leading digital asset exchange and with liquidity shared with Huobi Global, Huobi Japan is committed to providing secure, professional and quality services for Japanese users.

About Huobi Group

Consisting of numerous upstream and downstream enterprises, Huobi Group is a leading global blockchain company. Established by Leon Li in 2013, the company’s Huobi Global exchange accumulative turnover exceeds US $3 trillion. Huobi proudly provides safe, secure, and convenient cryptocurrency trading and asset management services to millions of users in 170+ countries. For more information: www.huobi.com.

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EasyA to launch learning modules on Stacks, aiming to attract thousands of developers and kickstart the ecosystem ahead of the highly anticipated Bitcoin halving 11766

EasyA, the world’s leading Web3 education app, announced today its collaboration with the Stacks Foundation. The partnership will allow developers to capture a portion of Bitcoin’s $1T market value by teaching them how to build on Bitcoin. Together with Stacks, EasyA will show developers how to unlock the $1 trillion in latent capital currently waiting for developers ahead of the widely anticipated Bitcoin halving in April. EasyA and the Stacks Foundation aim to expand the Bitcoin ecosystem by showing developers how to build on the world’s largest crypto asset for the first time ever, transforming Bitcoin from a store of value into a productive asset with renewed utility.

EasyA is world-renowned for its Web3 learning app, which has attracted a huge community of over 750,000 developers, founders and visionaries. Their long-standing partnerships with over 300 of the world’s best university blockchain clubs (from Harvard to MIT to Cambridge and beyond) give its community unparalleled levels of talent.

EasyA alumni have been funded by world-class venture capital firms like a16z, and top accelerators like the prestigious Y Combinator. EasyA will launch 5 new in-app educational challenges featuring Stacks, giving Stacks access to EasyA’s massive pool of talent, and showing them the opportunities unlocked by the upcoming sBTC and Nakamoto Release.

The Nakamoto and sBTC launches are major upgrades coming to Stacks which will bring the leading Bitcoin L2 key features to developers eager to build on Bitcoin. Nakamoto enables Stacks to be both faster and more secure than ever before, inheriting the full security of Bitcoin, while sBTC brings a trustless Bitcoin to Stacks for the first time.

With the upcoming Bitcoin halving under 60 days away and massive momentum surrounding Bitcoin in light of the recent Bitcoin ETF approvals by the SEC, this partnership comes at a watershed moment for the Bitcoin community. Today, EasyA and the Stacks Foundation launch their partnership under the hashtag #360DaysOfStacks, which will culminate in two flagship hackathons in Boston (at Harvard University) and London. These two hackathons will bring together top developers from the #360DaysOfStacks learning challenges to pitch their startups in-person and win $50,000 in prize money. On top of this, the top builders will gain access to additional funding, mentorship and grant opportunities within the Stacks ecosystem.

Phil Kwok, Co-Founder of EasyA, said: “Over the past decade, Bitcoin has proven itself as a rock solid store of value. So much so that it commands a market cap of over $1 trillion. The crazy thing is that there’s surprisingly little you can actually do with it. Stacks promises to change that, and this promise is what is so exciting. We can imagine a world where all the value locked up in Bitcoin can finally be put to work. With Stacks’ sBTC and Nakamoto Release, this is finally possible. We can’t wait to see what our 750,000+ community of developers create with Stacks.”

“Our team is proud to be part of an ecosystem that takes the relationship with builders beyond a transactional one, helping developers of all ages and skill sets to learn the fundamentals, create one-to-one connections, and get genuine hands-on support from leaders,” says Mitchell Cuevas, Executive Director at the Stacks Foundation. “We continue to collaborate with EasyA because they share this sustainable, community-driven approach to developer education and they manage to make it (a lot of) fun for everyone from newcomers to veterans along the way.”

EasyA and the Stacks Foundation’s most recent partnership was a roaring success, educating over 3,000 developers on Stacks and attracting over 250 developers to their 36-hour in-person hackathon in London, UK. Founders won over $25,000 in prize money, with many of these projects still building on Bitcoin with Stacks.

Be one of the world’s first to complete the new #360DaysofStacks challenges by downloading the EasyA app, which is available to download on both iOS and Android.

About Stacks

Stacks is a Bitcoin L2 that enables smart contracts and decentralized applications to use Bitcoin as a secure base layer. The 2024 Nakamoto and sBTC releases will bring faster speeds and transactions backed by 100% Bitcoin finality. ‍Stacks is the current leading Bitcoin L2 by developer traction and market cap and is poised to help unlock Bitcoin and its $500B in passive capital as a fully programmable, productive asset. The Stacks (STX) token, used as gas on the L2, was the first to undergo an SEC-qualified sale in the United States. The project explicitly decentralized with the mainnet launch in 2021. In the Stacks ecosystem, there are currently 30+ contributing entities including a non-profit Stacks Foundation, a developer tooling company Hiro, Xverse, Trust Machines, Mechanism, Bitcoin L2 Labs, ALEX, Bitcoin Frontier Fund, and more.

About EasyA

With over 750,000 developers from top universities, companies and projects across the US, UK and Europe, EasyA is the world’s most trusted and engaged Web3 education platform. Founded by Oxbridge/Ivy League grads, EasyA works very closely with over 300 of the world’s best blockchain clubs, frequently ranks as one of the top apps on the App Store, and has been featured as Apple’s App of the Day. The world’s leading Web3 networks such as Solana, Ripple, Polkadot, Stellar, Sui, Aptos, Algorand, Polygon, Tezos, ImmutableX and many more partner with EasyA to host their flagship hackathons. They leverage EasyA’s powerful in-app challenge campaigns to attract the world’s most talented hackers to their ecosystems, since EasyA is a powerful signal to them of quality and excellence. Projects coming out of EasyA’s hackathons have in turn raised from the best: all the way from a16z to Y Combinator.

Entangle: Launching March 13th 11615

Entangle has recently announced its highly anticipated launch date, March 13th.

Entangle provides a comprehensive suite of fully customizable Omnichain solutions, providing the core primitives and tools needed to connect anywhere, anytime.

This is accomplished in 4 parts:

  • Photon Messaging: Highly customizable Omnichain messaging protocol for any EVM or non-EVM network.
  • Universal Data Feeds: Low-latency, low-cost data infrastructure for any Web2 or Web3 data source. Both price-feed data and generalizable data are supported and delivered to smart contracts on any chain.
  • Liquid Vaults: Composable derivative tokens for any Web3 asset, making assets omnichain and increasing capital efficiency while still earning yield on the underlying asset.
  • Entangle VRF (e-VRF): Provides highly secure, verifiable, and unpredictable numbers, ideal for projects needing randomness. Seamlessly integrates with Entangle’s Universal Data Feeds and Photon Messaging, supporting on-chain applications such as gaming, NFTs, gambling, lottery systems, and beyond.

To reach mainstream adoption, all blockchain complexities must be abstracted away. A seamless user experience on the front-end requires all Web2 and Web3 data and assets to be seamlessly interconnected.

To date, 65+ strategic partnerships have been established with industry leaders, including Arbitrum, Mantle, Linea, Polygon, Stargate, Aave, Velodrome, SushiSwap, and more.

Entangle Labs

Entangle Labs is poised to revolutionize the Web3 space with building core primitives around the Entangle infrastructure, providing key Web3 verticals with Omnichain tooling. Entangle’s application, tools and components serve as the backbone of an Omnichain ecosystem, fostering a network of interconnected, highly efficient dApps and tokens.

Entangle Blockchain

Entangle’s Blockchain is the key component of the ecosystem, authenticating, validating and storing data in a cost effective way. Entangles blockchain has been designed with scalability, speed, customizability for smart contracts and low cost storage in mind. Secured by 100 validators and in conjunction with Photon Messaging (see below), the blockchain is the hub for developers to execute operations and data flow across any EVM and Non EVM-Chain.

Photon Messaging

An Omnichain Messaging Protocol introducing the highly customisable, upgradeable distributed network of Entangle Agents (DPoS). Orchestrated by the Master Smart Contract on the Entangle Blockchain, Photon Messaging enables protocols to send and receive data, assets and more across any EVM and non-EVM Chains and allows for state acquisition of any blockchain. Integrated across 15+ chains (and counting) developers and applications are now able to fully customize their data flow with logic, including security parameters and fees or simply opt for an automated solution. Photon messaging takes an unprecedented approach to omnichain communication, opening up the doors for native omnichain assets and various other use cases.

Universal data feeds

Entangle recognises that data access outside of Web3 is equally as important as that housed on chain. Universal data feeds allows customizable, high-frequency data feeds from any source to be queried and accessed by smart contract on any chain, including but not limited to DEFi, GameFi, AI and Real World Assets. Developers can leverage Universal Data Feeds to obtain efficient, inexpensive, verifiable on-demand cross-chain and off-chain data.

Liquid Vaults

The premier composable finance application that allows users to create Composable Derivatives Tokens (CDTs) against on-chain yield-bearing assets increasing their capital efficiency. This represents the next evolution of digital assets and ecosystem optimisation, allowing dApps to share liquidity.

WebverseNFT

An alternate reality that embodies Entangle Protocol’s infrastructure. By adapting lore-driven NFT Mechanics, Entangle transforms complex ideas into engaging narratives and resolves web3 community fragmentation.

e-Bridge

e-Bridge is a fully composable omnichain trustless bridge, utilizing the Burn and Mint or Lock and Unlock mechanisms to securely transfer NGL, Borpa, ZeroSum and other partner project tokens across 14+ networks. Entangle envisages the e-Bridge to be the premier launch partner to an ever growing demand for omnichain token launches.

e-VRF

e-VRF is an On-Chain Verifiable Random Function (VRF) that operates to enhance the engagement, fairness, and security of dApps. This solution leverages the agent network and other core components of Entangles infrastructure to generate random numbers. E-VRF unlocks a vast array of opportunities for dApps throughout the entire Web3 landscape including on-chain gaming, speculation driven dApps, lottery systems and more.

ZeroSum

A revolutionary gaming infrastructure platform that rewards players, viewers and game developers. Using cutting-edge AI and smart contract technology, Zerosum is redefining the gaming experience, transitioning play-to-earn into the more user-centric compete-to-earn. ZeroSum leverages Entangle’s technology to allow omni-chain wagering and tournaments for both viewers and players delivering a transparent path to revenue for all parties including game developers.

Borpa Memetoken

The Next Generation MemeToken. Natively deployed omnichain across Solana, Blast, Arbitrum and more with a dual-themed approach that appeals to both novices and crypto veterans. Borpa also leverages intricate DEFi mechanics with Entangle’s Liquid Vaults to power its unique financial game, encouraging participation via yield opportunities.

SuperCharge dApp

SuperCharge revolutionizes lending with leveraged yield farming. Built using the Entangle infrastructure, the application utilizes the innovative Liquid Vaults to allow users to collateralize yield positions.

Yield Lottery dApp

The Yield Lottery dApp is gamifying the Entangle ecosystem, incentivizing both liquidity providers and Liquid Vaults users. By opting into a Yield Lottery, participants can decide to opt into an on-chain randomised lottery with a portion of their yield and not the underlying collateral. This additional utility for liquid vaults is designed to attract enhanced liquidity from both experienced and novel users.

Decentralised Physical Infrastructure (DePin)

Entangle recognises the criticality of DePin infrastructure, in particular in the artificial intelligence (AI) arena and how the added benefits of blockchain can bring mass benefits across global sectors. Entangle is currently developing an Omnichain, liquid DePIN solution, where resource clustering is not only powered by efficient algorithms but resource providers can opt in and be rewarded transparently on any blockchain.

In doing so, Entangle will democratise fair access to a unique and rare opportunity, curating a harmonious balance of smart contracts, blockchain, AI, physical infrastructure and privacy across any Web3 ecosystem.

L2 Rollups

Entangles infrastructure is designed with the ability to construct Layer 2 Rollups and other scalability solutions. In doing so, Entangle is set to greatly enhance its blockchain scalability when required to do so. This will empower application developers to craft fully customizable and interoperable solutions at scale.

Velo Is Enhancing Its Own Ecosystem Through Interoperability 11758

As new blockchains and blockchain-based platforms emerge, it’s crucial for these ecosystems to be interconnected, enabling users to seamlessly transfer their assets without complications. Velo is enhancing its own ecosystem through interoperability, aspiring to become a pivotal connection point for various blockchains.

A significant update within Universe is its support for multiple wallet addresses on a single platform, catering to users who possess multiple wallets across different platforms. This feature is essential for managing diverse assets conveniently.

Furthermore, Universe is integrating multi-chain login and registration support for networks such as Solana and Tron, thereby improving Velo’s accessibility and usability. Efforts are in place to refactor the user database and management code, ensuring a smooth and secure experience.

Velo is advancing its blockchain integration by incorporating the Solana and Tron networks, aiming to offer enhanced deposit and withdrawal functionalities to enrich its ecosystem. This initiative involves deploying Solana and Tron chain-node and full-node functionalities, thereby broadening the network’s diversity and user options. Additionally, Universe is introducing a dedicated user interface (UI) for Solana transactions, encompassing deposit-withdrawal and account management across Webplus and mobile platforms, ensuring a seamless user experience.

This streamlined approach guarantees that Velo’s users have comprehensive and intuitive access to a broader range of transaction options, significantly boosting the platform’s utility and user engagement.

The integration with the Lightning Network marks a significant advancement in improving Bitcoin transactions. By implementing Lightning chain-node and deploying a BTC full-node, Orbit aims to streamline Bitcoin deposits and withdrawals, making them faster and more cost-efficient.

Velo’s dedication to ensuring inclusivity and connectivity with other blockchains is evident through the concrete steps it has taken. With aggressive strides towards unlocking the full potential of the Velo Protocol, Velo is poised for significant growth and innovation.

About Velo Labs

Velo Labs is a global pioneer in Web3-based financial solutions, offering a cutting-edge liquidity and settlement network for secure, efficient value transfers. Backed by Stellar Network and CP Group, our reach has expanded beyond Southeast Asia and the Pacific, now serving partners worldwide. We connect and complement the gap between traditional banking infrastructure and Web3, leading the way in blockchain mass adoption. Our extensive Web3-based payment network and Lightnet, our licensed settlement partner, position us as a global heavyweight. Velo Labs offers a diverse range of Web3-based products, notably Orbit, tailored for individuals, merchants, corporations, and enterprises worldwide — dedicated to empowering global financial connectivity and expanding accessibility globally.

Perp DEX SynFutures’ V3 Goes Live on Blast, Launches Oyster Odyssey Points Program 12233

SynFutures, a leading decentralized exchange for perpetual futures, today announced the launch of its new V3 platform for perpetual futures (“perps”) on Blast mainnet, featuring a proprietary order book Automated Market Maker (oAMM). This fully onchain deployment seamlessly integrates the strengths of an order book and AMM model into a unified liquidity model, enhancing capital efficiency and operational simplicity that brings its usability closer to centralized exchanges.

Enhancing Loyalty and Engagement with DEXs

The eventual convergence of retail investors around a decentralized solution, amid today’s uncertainties associated with CEXs, is increasingly holding weight as a viable reality. By recognizing the increasing DEX trading volume, suggestive of the start of its own bull run, SynFutures is making a strategic move to further enhance DEX user engagement. SynFutures is announcing its “Oyster Odyssey” Points Program, a redeemable loyalty program determined to allot points for engagement of on-chain activity while also qualifying users for the upcoming Blast airdrop.

SynFutures V3’s Capital Efficiency and Execution Simplicity Made on Par with CEXs

A surge in crypto market optimism, propelled by Bitcoin ETF approval, upcoming halving, and anticipation of Ethereum ETFs, is beginning to extend into DeFi and derivatives. Decentralized exchanges (DEXs) have faced challenges in capturing the derivatives market, representing only <1.0% on-chain compared to centralized exchanges’ dominance. The fundamental issue lies in DEXs’ pricing and execution competitiveness, hindering their share in the lucrative derivatives landscape.

Recognizing the challenges faced by decentralized perpetual futures exchanges, SynFutures is launching V3 with its orderbook Automated Market Maker (oAMM) on the Blast blockchain to bridge the existing gaps, setting a new standard for capital efficiency in the derivatives DEX space.

The decision to launch V3 on Blast, a Paradigm-backed optimistic rollup, is strategic. As with any rollups, Blast increases transaction speeds and lowers costs while maintaining Ethereum’s security. In particular, the Blast blockchain’s native yield feature has contributed to a total locked value (TVL) of approximately US $2 billion in its bridge, attracting more than 146,000 users.

“With these enhancements, SynFutures strives to achieve unparalleled capital efficiency with a derivatives DEX, positioning us to compete with CEXs on a more level playing field. V3 not only provides a secure and user-friendly environment but also addresses the obstacles limiting the widespread adoption of derivatives trading on DEXs,” Rachel Lin, Co-founder and CEO of SynFutures. “With the anticipation of more institutional participation in 2024, this upgrade will prepare us for the potential influx in trading volumes through improved trading throughput and reduced transaction costs,” she added.

“We are thrilled to welcome SynFutures to Blast. They moved fast as an early adopter on the Blast Testnet and we look forward to witnessing their continued success on the Blast Mainnet!,” said Pacman (Tieshun Roquerre), Core Contributor of Blast.

In fact, SynFutures witnessed remarkable signals suggesting the arrival of a tipping point in engagement among DEXs, including its own. Since the launch of its V3 platform on the public testnet in October 2023, SynFutures has seen a remarkable influx of users, with a total of 81,016 actively participating in trading activities. This heightened engagement is underscored by the V3 platform’s impressive performance on both the Goerli and Blast-Sepolia chains, recording a total of 460,662 transactions. Notably, users have demonstrated an average of 5.686 transactions per user, highlighting robust activity levels within the ecosystem.

In addition, the V3 platform has demonstrated remarkable traction on the Blast chain network, accounting for an impressive 10% of all transactions during a notable spike observed at the end of January.

Deciphering the Mechanism of SynFutures’ Oyster AMM

SynFutures specifically facilitates trading perpetual futures in the crypto space—contracts without expiry. This allows investors to speculate on crypto asset prices without the need for physical settlement.

The innovative Oyster AMM enables permissionless listing of any trading pairs, including major cryptocurrencies, altcoins, NFTs and indices, in 30 seconds. It ensures two-sided liquidity and remarkably enables users to provide a single token for a trading pair. This simplifies the entire trading ecosystem, building on the user-friendly approach established in SynFutures V1 and V2.

Automated Market Makers (AMMs), which DEXs tend to opt for, come with a demand for substantial liquidity to achieve equivalent price impact compared to order book models. To boost liquidity, the Oyster AMM presents an innovative market making paradigm by seamlessly integrating concentrated liquidity AMM (CL AMM) and on chain order book in a single, unified model, offering a significant capital efficiency boost tailored to active traders and passive liquidity providers. The model facilitates liquidity concentration within specific price ranges and incorporates leverage for automated market makers, addressing challenges like higher fees and limited trading functions.

Compared to a CEX’ order book, the fully on-chain model brought by SynFutures’ V3 model helps ensure transparency, trustlessness, and anti-censorship, thus eliminating dependence on centralized administrators and mitigating vulnerabilities across on-off chain systems.

Recognizing the paramount importance of user protection and price stability, the Oyster AMM in SynFutures V3 further introduces an advanced financial risk management approach through a dynamic penalty fee system. This discourages price manipulation and strikes a balance in the risk-reward profile for liquidity providers.

About SynFutures

SynFutures is a leading perp DEX that creates an open and trustless derivatives market by enabling trading on anything with a price feed anytime. SynFutures democratizes the derivatives market by employing an Amazon-like business model, giving users the tools to freely trade any assets and list arbitrary futures contracts within seconds.

Deployed on multiple blockchains, SynFutures is currently the largest derivatives exchange on Polygon and is among the top three most actively used decentralized derivatives exchanges. Backers include Tier 1 Web3 institutional investors Pantera Capital, Polychain Capital, Susquehanna International Group (SIG), Dragonfly Capital, Standard Crypto, and Framework Ventures, and team members have extensive experience at global financial institutions, fintech companies and blockchain technology companies such as Alipay, Bitmain, Credit Suisse, Deutsche Bank, Matrixport, and Nomura Securities.

Metis Is Integrating Chainlink CCIP as Its Canonical Token Bridge Infrastructure and Official Cross-Chain Solution 12436

Metis, a permissionless Ethereum layer-2 network powering the next generation of decentralized applications, and Chainlink, the industry-standard decentralized computing platform, announced today that Metis is officially integrating Chainlink CCIP—the industry standard for secure cross-chain interoperability—as its canonical token bridge infrastructure, enabling the Metis ecosystem to expand its cross-chain footprint, enhance user and developer experience, and accelerate adoption.

As a part of this integration, the Metis bridge interface will be upgraded to leverage Chainlink CCIP as the official cross-chain infrastructure to power the canonical Metis token bridge, with an initial focus on bridging leading stablecoins from Ethereum mainnet onto the Metis network. Over time, additional blockchain networks and tokens are expected to be supported to further accelerate the growth of the Metis ecosystem. Additional information on the migration will be provided in the near future.

Metis selected CCIP to power its official canonical token bridge following extensive research into all cross-chain interoperability options available on the market. Chainlink has the most proven track record of maintaining the highest standard of security and reliability in the Web3 industry, having enabled over $9.7 trillion in value, with CCIP being the only cross-chain solution that achieves level-5 cross-chain security.

Furthermore, CCIP is backed by the Risk Management Network—a separate, independent network that continually monitors and verifies cross-chain operations for erroneous activity. This defense-in-depth approach to security is particularly important given that over $2.8 billion has historically been exploited due to unsecure and unreliable cross-chain infrastructure.

“We’re excited that Metis has chosen Chainlink CCIP as its canonical token bridge infrastructure,” stated Johann Eid, Chief Business Officer at Chainlink Labs. “By securely interoperating cross-chain via CCIP, Metis is able to provide a more seamless developer and user experience in its ecosystem while helping to accelerate the adoption of its layer-2 network.”

By integrating CCIP to power its canonical token bridge, the Metis ecosystem also gains access to a number of additional benefits for its developers and users, including faster token transfers from Metis to Ethereum (from seven days down to minutes), a standardized interface for interacting across chains, and access to Programmable Token Transfers—a CCIP-native feature where tokens can be transferred along with instructions for their use on destination chain (e.g., depositing stablecoins into a lending market upon arrival).

Additionally, integrating CCIP exposes the Metis ecosystem to both Chainlink’s expansive and engaged Web3 developer ecosystem, as well as the surging capital markets interest and adoption surrounding the Chainlink platform.

“Security and user experience are our top priorities when it comes to the infrastructure securing the canonical Metis token bridge, and Chainlink CCIP’s defense-in-depth security architecture and advanced capabilities are unparalleled,” said Tom Ngo, Executive Lead at Metis. “We’re thrilled to be integrating Chainlink CCIP to enable Metis to securely interoperate cross-chain and help drive the network’s long-term growth and adoption.”

Ultimately, integrating Chainlink CCIP for secure and scalable cross-chain interoperability will help Metis drive long-term network adoption and become a more attractive environment for building secure and scalable Web3 apps.

About Chainlink

Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $9 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.

About Metis

Metis is redefining blockchain’s potential with its innovative Ethereum Layer 2 network. Focusing on accessibility, scalability, and security, our platform empowers the transition of applications, businesses, and communities to a new digital, decentralized, and open economy. Metis makes blockchain simple for everyone, ensuring fast, secure, and affordable transactions. Join Metis in pioneering a future where blockchain technology is within everyone’s reach, paving the way for a more inclusive digital world.

Learn more about Metis by visiting metis.io and start building on Metis metis.io/dev/

Solsniffer Is The First Token Sniffer On Solana About To Set A New Security Standard 11964

Solsniffer, the first blockchain intelligence tool for the Solana blockchain, is now live!

Bonk’s explosive rise gave Solana an impressive boost in traders adoption, but with great power comes great challenges. The inflow of scams on Solana made it clear it needed a security upgrade.

The app allows Solana traders to make better-informed decisions by detecting security risks on Solana tokens with +18 security indicators. Some of these include mint risk, freeze risk, liquidity check, metadata immutability, and many more.

In the future versions of the blockchain intelligence tool, over 40 security indicators will be used to analyze Solana tokens, and an API will also be deployed for ecosystem partners building with our technology.

Solsniffer aims to become a leader in the blockchain intelligence sphere on Solana.

“As the first blockchain intelligence app of its kind on Solana, we believe Solsniffer represents the need for traders to be safe and to understand the risks of the tokens they interact with. It is no longer business as usual for scammers; it’s time to be a step ahead of fraud,” say the team founders.

Experienced with innovative blockchain products, the team is planning to release a new platform update every week until the roadmap is completed.

Announcements will be released in the coming weeks inside the Solsniffer Telegram community.

For more information, visit solsniffer.com.

About Solsniffer

Solsniffer is the first Solana token sniffer against vulnerabilities, security risks and frauds. As visionaries in the blockchain security space, the Solsniffer’s team aims to set a new security standard on Solana. With its 1-click token scanning, Solana users can make better-informed decisions by detecting potential scams.