The Sui Foundation has introduced the Sui Bridge to the mainnet, enabling secure asset transfers between the Ethereum and Sui networks. This bridge focuses on simplifying the movement of assets between chains, starting with ether (ETH) and wrapped ether (WETH).
Sui rolls out bridge for asset transfer between Ethereum and Sui
According to the foundation’s blog post, the launch of the Sui Bridge is an important step in Sui’s efforts to improve interoperability within the Web3 ecosystem. By offering an in-house solution, the bridge improves connectivity between decentralized finance (defi) applications on both Ethereum and Sui, enabling smoother asset transfers.
Sui operates as a layer one (L1) blockchain and addresses scalability and performance challenges in Web3. The L1 uses parallel transaction processing, a clear object-oriented data model and the Move programming language to increase security. Designed for high-throughput applications, Sui aims for fast finality, low latency, and horizontal scalability to meet a range of use cases.
Unlike third-party solutions like Wormhole, the Sui Bridge relies on the network’s validators for security, ensuring transactions receive the same protection as other on-chain operations within the Sui ecosystem. Currently, the bridge supports ETH and WETH transfers, with plans to expand its capabilities and asset range in future updates.
According to the Sui Foundation, the interface is designed for ease of use, allowing participants to connect their Ethereum and Sui wallets, choose a token for transfer and start the bridging process. Most tokens are automatically sent to recipients on Sui, although the foundation said in rare cases some users may need to claim their tokens manually.
Looking ahead, the Sui Foundation plans to expand the bridge’s functionality to accommodate a wider range of assets and use cases. Liquidity will also transition from existing WETH-USDC pools to ETH-USDC pools, reflecting Sui’s continued evolution in the decentralized finance landscape. The foundation also expressed its gratitude to the early testers for their valuable feedback, which helped refine the user experience.
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Credit : cryptonews.net
