Blockchain Editor's Picks News

Sui Bridge Launches on Mainnet Connecting With Ethereum

Sui Bridge Launches on Mainnet Connecting With Ethereum

TL;DR

  • Sui Bridge has been launched on Mainnet, connecting Sui to Ethereum.
  • The solution facilitates transfers of ETH and WETH between both networks.
  • Upcoming updates will include support for more assets and new features.

The Sui Bridge, announced by the Sui Foundation, is now live on Mainnet, offering a native connection between the Sui and Ethereum blockchain networks.

This tool was born in a context where interoperability between platforms becomes essential for the growth of Web3.

Aiming to break down barriers between key ecosystems, the bridge facilitates the transfer of assets such as ETH and WETH, providing users with a fast and secure solution to move their funds between both networks.

One of the most relevant aspects of the  Bridge is that it is secured by the Sui network’s own validators, which guarantees security in transactions.

While other bridging solutions exist, such as Wormhole, the launch of this native bridge gives to the protocol an alternative that is directly tied to its infrastructure.

The system allows the transfer of assets without the need for additional intermediaries, which reduces risks and optimizes the user experience.

In addition, the Sui Foundation highlights that users may encounter different versions of the same asset on the platform.

For example, ETH transferred via Bridge is different from WETH transferred via Wormhole.

In the coming weeks, the apps  will be updated to accurately reflect these differences, helping users manage their assets more easily.

Sui Bridge Launches on Mainnet, Connecting Ethereum and Sui

Expansion and future of Sui Bridge

The initial launch of the Sui Bridge has focused on the transfer of ETH and WETH to ensure a stable and secure experience.

As the bridge matures, future updates are expected to expand support for more assets and add new functionality that can cover a wider variety of use cases.

Using the bridge is simple: users need to connect an Ethereum and a the wallet in the web interface, select the token and amount to transfer, and approve the transaction.

On average, Ethereum to Sui transfers take around 10 minutes, after which tokens are sent directly to the receiving addresses.

In some cases, users will have to manually claim their tokens, especially when transferring to Ethereum.

With this launch, the Sui Bridge marks an important first step in the network’s broader goal  toward greater interoperability.

In the future, we will not only see more assets supported, but additional features will also be integrated to facilitate the exchange of information and assets between different ecosystems even more efficiently.

Related posts

U.K. Inflation Hits Four-Decade High Of 9.4%

Jai Hamid

Viber may switch to blockchain to maintain anonymity of correspondence

alfonso

Coinbase Joins Legal Action Challenging Tornado Cash Ban

salaam