The NEAR cryptocurrency token of Near Protocol has officially been cross-chained to the Solana network, allowing direct deposits/withdrawals on Solana.

This expansion utilizes NEAR Intents and Orb Markets to support seamless cross-chain, enabling users to operate on Solana without the need to configure multiple wallets or switch networks for gas fees.

MAIN CONTENT

  • The NEAR token officially launched on the Solana network.

  • Cross-chain via NEAR Intents and Orb Markets.

  • Depositing/withdrawing NEAR on Solana does not require many wallets or changing gas networks.

NEAR token is deployed cross-chain on Solana

Near Protocol announces the launch of the NEAR cryptocurrency token on Solana, opening up cross-chain support and direct cross-network transactions.

According to information published on 19/12, the native NEAR token is now available on the Solana network. The main goal is to facilitate users in handling NEAR within the Solana ecosystem more conveniently, instead of going through many manual steps when using multi-chain solutions.

This event marks the integration of NEAR to operate on a network other than its native ecosystem, focusing on the ability to move assets between networks more smoothly for end users.

How it works and benefits for users

Users can deposit and withdraw NEAR directly on Solana without needing to set up multiple wallets or switch networks for gas fees.

The cross-chain support mechanism is implemented through NEAR Intents and Orb Markets. According to the description, the operation flow is streamlined so that users do not have to configure multiple different wallets or continuously switch between networks to pay gas fees for each step.

The content is provided for informational purposes and does not constitute investment advice.

Source: https://tintucbitcoin.com/near-cross-chain-sang-solana/

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