Umbria Network has added a new cross-chain bridge to Avalanche (AVAX), a Layer-1 proof-of-stake (PoS) blockchain network, to let traders move liquidity between Ethereum mainnet and the Avalanche blockchain. The Avalanche blockchain supports a variety of virtual machines, including WebAssembly (WASM) and Ethereum Virtual Machine (EVM). It also allows distinct sub-chains to operate in their own fashion. Multiple virtual machine support makes it simple to connect to Avalanche.
In 2021, the network established its official Ethereum bridge, allowing the two-way transfer of ERC-20 and ERC-721 tokens between the two blockchains. However, the network’s expansion, along with the significant gains made by its native token AVAX in recent months, has resulted in the development of third-party cross-chain bridges.
Barney Chambers, Co-founder and Co-Lead Developer of Umbria, highlighted that the Avalanche blockchain enables decentralised applications that are not economically possible on Ethereum.
Narni, a new cross-chain bridge developed by the Umbria Network, claims a 90 percent lower transaction price than the official AVAX bridge. The platform stated that their customised solution, which employs single asset liquidity pools and an unique Oracle protocol, decreases the computational complexity of bridging and hence reduces costs by up to 90 percent.