The post LayerZero Integrates With ShimmerEVM For Cross-Chain Interoperability Boost appeared on BitcoinEthereumNews.com.

Interoperability protocol, LayerZero is integrating with the Shimmer Network to facilitate smoother cross-chain communications and enhance DeFi on IOTA’s ShimmerEVM. ShimmerEVM’s LayerZero Integration On December 27, the ShimmerEVM team from IOTA made a significant announcement through a blog post, revealing their integration with LayerZero, a notable omnichain interoperability protocol. The move aims to revolutionize cross-chain communication and enhance the decentralized finance (DeFi) experience within the Shimmer ecosystem. The team wrote, “We are thrilled to announce the integration of LayerZero (https://layerzero.network) with ShimmerEVM, entering a new era of cross-chain communication and DeFi on Shimmer.” ShimmerEVM Reach Expands Shimmer, an integral blockchain platform in the IOTA ecosystem, facilitates the development and deployment of decentralized applications (dApps). ShimmerEVM serves as the Ethereum Virtual Machine-compatible layer within the Shimmer platform. With this integration, ShimmerEVM’s reach expands, connecting seamlessly with major blockchains and enhancing interoperability across diverse networks. “With the integration of LayerZero on the Shimmer Network, the Shimmer Bridge, owned by the Tangle DAO LLC is now live and accessible at https://shimmerbridge.org. This user-friendly interface now offers a straightforward and efficient way to connect with the Shimmer ecosystem with just a few clicks.” Shimmer Bridge Goes Live The integration of LayerZero brings the Shimmer Bridge to life, providing users with an accessible interface to connect effortlessly with the Shimmer ecosystem. This integration marks a crucial milestone in simplifying cross-chain transactions and interactions for Shimmer users. According to the announcement,  “Shimmer’s architecture is inherently interoperable, enabling fluid cross-chain communication. Now, by intertwining this seamless network with the expansive blockchain realm through LayerZero, we’re combining two key interoperability players to speed up the development of a connected cross-chain world.” Expanding Shimmer’s Network LayerZero, known for its omnichain interoperability protocol, plays a pivotal role in enabling cross-chain communication. ShimmerEVM’s integration with LayerZero further strengthens this capability, fostering…

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Filed under: News - @ December 29, 2023 2:28 am