
The Inter-Blockchain Communication Protocol
@IBCProtocol
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IBC is a blockchain interoperability protocol used by 100+ chains. It enables secure, permissionless, feature-rich cross-chain interactions.
Cosmos
Joined July 2022
IBC Eureka is live — enabling fast, secure Ethereum ↔ Cosmos bridging. IBC Eureka offers fast, affordable, 1-click transactions between Ethereum and Cosmos chains. It's also the canonical usage of the v2 of @ibcprotocol. Key product info🧵.
IBC Eureka is LIVE!. → Transfers faster than Ethereum finality.→ Send from Ethereum for as low as $1.→ 1-click experience that supports your favorite wallet. Starting with Ethereum, @cosmoshub, @babylonlabs_io, Cosmos chains,.and soon, IBC everywhere🧵
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1️⃣ What problem does this update address?. In short, more control for builders:. Many teams that bridge assets over IBC Eureka through @cosmoshub want ownership and control over their ERC20 contracts on Ethereum. The Solidity v2 upgrade allows teams to deploy custom ERC20.
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7/ On May 23, the TOKI and Datachain teams completed the first transaction between ✅ OP-Sepolia ↔ Ethereum Sepolia. Coming next:.⌛ A full audit. ⌛ Support for other OP-stack chains such as @base. ⌛ Mainnet rollout after audit.
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2/ @tokifinance & @datachain_en are long-time IBC contributors. Their team led work to bring the first bank-backed RWAs for Japan onto IBC, as well as other contributions. Now they’re building a new implementation to use IBC on OP Stack.
Japan's largest financial institutions, including MUFG, SMBC, Mizuho & JPX, are behind @progmat_en, an issuance & management platform for bank-backed RWAs. @tokifinance @datachain_en build its on-chain infrastructure, including IBC-based interoperability.
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IBC has been enabled on @Optimism for the first time ⚛️. The first IBC transfer between OP-Sepolia and Ethereum Sepolia has been completed. It's a new implementation built by @tokifinance & @datachain_en, aiming to unlock IBC for OP Stack chains🧵
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2/ @tokifinance & @datachain_en are long-time IBC contributors. Their team led work to bring the first bank-backed RWAs for Japan onto IBC, as well as other contributions. Now they’re building new implementation to use IBC on OP Stack.
Japan's largest financial institutions, including MUFG, SMBC, Mizuho & JPX, are behind @progmat_en, an issuance & management platform for bank-backed RWAs. @tokifinance @datachain_en build its on-chain infrastructure, including IBC-based interoperability.
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6/ Cosmos Hub @cosmoshub.The Cosmos ecosystem's heart and home of the ATOM token. → $89.9M IBC volume.→ 156K transfers.→ 876K total txs. These are the top IBC volume leaders of the month, as tracked by @MapOfZones ⬇️🧵
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5/ dYdX @dYdX.→ $175M IBC volume.→ 18K transfers.→ 12.2M total txs. dYdX delivers high-speed trading on-chain, and traders bring their assets to dYdX over IBC.
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4/ Osmosis @osmosiszone.→ $290M IBC volume.→ 549K IBC transfers.→ 5.1M total txs. The liquidity hub of Cosmos zones. Osmosis is a major player in IBC volume and transfer numbers, powering DeFi on Cosmos.
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3/ Sei @SeiNetwork.→ $296M IBC volume.→ 11K transfers.→ 103M total txs. It's the power of parallel EVM and IBC.
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