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The Arbitrum Bridge Is Now Live On Harmony

Twitter icon  •  Published 1 year ago  •  Hassan Maishera

Harmony Protocol announced via Twitter on Friday that the Arbitrum bridge is now live on its mainnet.

Harmony Protocol announced via Twitter on Friday that the Arbitrum bridge is now live on its mainnet. Available tokens are Arbitrum's USDT, USDC, and DAI, the team added. Thanks to this latest development, tokens are able to be bridged from Arbitrum to Harmony and back again

Harmony is a fast and secure blockchain for decentralized applications. Harmony's main focus is on achieving scalability by dividing not only the network nodes but also the blockchain states into shards, "scaling linearly in all three aspects of machines, transactions and storage." ONE, Harmony Protocol’s native token, is down by 6% in the past 24 hours and currently trades at $0.02618.

Arbitrum is a suite of scaling solutions on Ethereum that utilize Optimistic Rollup. It allows users to enjoy faster speed and cheaper transaction costs when interacting with web3 dApps. ARB, the native coin of the Arbitrum network, is up by more than 3% today and is trading at $1.2059.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.