Today, VeChain’s cross-chain future moves a step closer. We are excited to announce the first full cross-chain bridging service coming to VeChain via a strategic partnership and integration with Wanchain, a leading decentralized blockchain interoperability solution whose battle-tested infrastructure has processed billions of dollars in cross-chain volume since 2017.
Through this integration, assets will become transferrable between VeChain and over 40 leading blockchains, including Bitcoin, Ethereum, Solana, BNB Chain, Polkadot, and many more. Users will be able to freely move assets between VeChainThor and the broader crypto ecosystem, unlocking new avenues for liquidity and utility.
As VeChain’s core dev team build out the VeChain Renaissance roadmap, Wanchain’s cross-chain connectivity introduces a crucial tool for accelerating our vision of blockchain adoption — an interconnected world of incentive-based Web3 applications running powered by the VeBetter ecosystem.
A New Era of Cross-Chain Possibilities
For the first time, popular cryptocurrencies like BTC, ETH, USDC, SOL, XRP, and WAN can be directly transferred into our ecosystem. Equally important, VeChain’s native tokens — VET, VTHO, and B3TR — can now move freely to other major blockchains. This bi-directional flow unlocks new liquidity, utility, and use cases for the ecosystem.
The new bridge brings wrapped USDT and USDC to VeChainThor, enabling new trading pairs, liquidity pools and functionality from the world’s leading stablecoins, opening VeChain’s DeFi doors to the wider crypto-verse for the first time.
Sunny Lu emphasized the strategic importance of this development: “The launch of VeChain’s first bridge through integration with Wanchain marks a major milestone for the VeChainThor ecosystem, connecting VET, VTHO, and B3TR tokens to the larger DeFi ecosystem.
“By unlocking bilateral cross-chain flows for a range of both native and non-native assets, we’re dramatically expanding liquidity for our ecosystem, opening new avenues for user growth and enabling enterprises to engage with decentralized finance at a global scale.
We look forward to leveraging this new technical feature to drive the growth and adoption of the VeBetter ecosystem, and the VeChain ecosystem at-large”
Renaissance Synergy: Strategic Timing
Wanchain’s integration arrives at an exciting moment in our Renaissance journey. With the Galactica upgrade now live on testnet following a successful all-stakeholder vote, VeChainThor has already begun its transformation, welcoming four cornerstone VIPs that enhance VeChainThor’s technical capabilities.
EVM upgrades and JSON RPC implementation, part of the Renaissance roadmap, are well complemented by the Wanchain integration, significantly expanding opportunities for VeChain’s ecosystem. This powerful combination creates seamless interoperability between VeChain and the broader blockchain world, enabling frictionless asset transfers and cross-chain growth and development.
The upcoming changes to tokenomics delivered by the Hayabusa phase of VeChain Renaissance leads to strategic synergies, with users leveraging cross-chain functionality accelerating transaction volumes, accelerating VTHO’s new 100% base fee burning mechanism, and delivering deflation to the core of the ecosystem, on top of other new transaction features.
The new Validator/Delegator NFT staking system launching on 1st July also greatly benefits from the timeliness of this partnership, opening doors to new stakeholders who stand to benefit from the new tiers of Node available, while playing a role in strengthening of network and economic security for VeChainThor.
Powering VeBetter’s Growth
The Wanchain integration creates new pathways for global blockchain communities and developers to discover and join VeBetter – our growing ecosystem of X-to-Earn applications that incentivize, tokenize and reward sustainable actions with B3TR tokens.
This cross-chain flexibility complements existing utilities like the Stella Pay Visa card (enabling purchases at 130 million+ retailers) and creates new pathways for users to maximize the value generated from their sustainable actions. During the Interstellar phase of Renaissance, with JSON RPC integration finalized, we foresee a vastly simplified onboarding pathway for developers, apps, and businesses looking to deploy on our trusted, battle-tested, and versatile infrastructure.
Battle-Tested Innovation
Security remains our top focus in this integration, and Wanchain has achieved stellar performance in that regard, processing over 71 million transactions worth $1.5 billion in cross-chain volume since 2017, maintaining an impeccable security record across 42 chains with no down time or hacks.
Temujin Louie, CEO of Wanchain, shares our excitement: “We are delighted to partner with VeChain and introduce the Wanchain Bridge to their platform. We anticipate that the integration will not only facilitate cross-chain connectivity within VeChain’s ecosystem but also lead to increased innovation between VeChain and other prominent blockchain networks.”
Wanchain’s integration represents a key infrastructure component of VeChain’s transformation into a fully interconnected Web3 ecosystem positioned to drive mass adoption and dapps with real utility and beneficial outcomes for all. We envision innovative commercial applications, multichain deployments, and accelerated Web3 adoption, with VeChainThor providing a robust, trusted, and sustainable foundation.
Stay tuned for future announcements as we unveil more details about the partnership, including the launch date for the bridge, engagement opportunities and more.
Hello, World! VeChain Partners with Wanchain to Deploy Bridges to 40+ Leading Blockchains was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.