Hassan Maishera
The Near Protocol announced via a blog post on Friday that it had launched OmniBridge, a cross-chain infrastructure to enable seamless asset transfers between NEAR and any blockchain.
Powered by Chain Signatures—NEAR’s multichain transaction signing system—OmniBridge eliminates the technical constraints of traditional bridge designs, delivering faster finality, lower costs, and enhanced scalability for cross-chain operations.
Omnichain establishes NEAR as a unified liquidity hub, enabling tokens to launch on any supported chain with NEAR as the underlying LP token. It also enhances capital efficiency in cross-chain liquidity provision, reducing fragmentation and improving market depth. Finally, it facilitates the seamless integration of NEAR-native assets into the broader DeFi ecosystem.
NEAR Protocol is a decentralized application platform designed to make apps similarly usable to those on today’s web. The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which aims to provide dynamic scalability and stabilize fees. NEAR is trading at $3.36, down 1% in the last 24 hours.
