Polychain-backed Enso Network activates mainnet, launches token on Ethereum and BNB
Quick Take Hoping to introduce “a singular access point” for the growing number of “blockchains and protocols,” Enso Network launched on mainnet. The network’s ENSO token also launched on Ethereum and BNB.
Enso Network, backed by Polychain Capital, launched on mainnet Tuesday.
The interoperability layer designed for decentralized finance, which aims to introduce "a singular access point for the evergrowing constellation of blockchains and protocols," also launched its ENSO token on Ethereum and BNB, according to a statement.
"Enso has positioned itself as the connective tissue binding together over a thousand blockchain frameworks, giving developers the ability to read from and write to any chain and smart contract via a single standardized interface," the statement also said.
The company hopes to help other firms avoid burning cash and time seeking to achieve cross-chain functionality. Enso also sees an opportunity to empower a web3 development community, which it says comprises just 23,000 developers — a fraction compared to the 47 million working in traditional software.
"We're watching brilliant teams spend their runway on integration gymnastics instead of building the neobanks, stablecoins, and AI applications that will define the next decade," Enso founder Connor Howe said in the statement.
The company said it has been trusted by over 145 projects and enabled over $17 billion to be settled onchain.
Other Enso backers include Multicoin Capital and Cyberfund.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Latest Updates: Investors Shift Away from Gold Amid Improved Trade Relations, Risk Appetite Rises While Bitcoin ETFs Lag Behind
- Gold fell below $4,000 as U.S.-China trade tensions eased, reducing demand for safe-haven assets after a framework agreement in Malaysia. - Bitcoin dropped 3.5% to $108,000 but rebounded near $115,000, while ETF inflows lagged behind gold's outflows amid divergent investor behavior. - JPMorgan forecasts gold to average $5,055 by 2026, while Bitcoin's ETF inflows and ETF market momentum show uneven growth despite regulatory challenges. - Technical analysis shows gold's bearish RSI and Bitcoin's $115,000 s
Breaking Down Barriers in Blockchain: Brevis Handles 130 Million zk Proofs Each Month
- Brevis, a Web3 platform, processes 130M monthly zero-knowledge proofs via its zk coprocessor network, addressing blockchain scalability and interoperability challenges. - Its architecture offloads computation off-chain while verifying on-chain, reducing gas costs and enabling cross-ecosystem trustless logic through "chain fence" elimination. - With 97K+ users, 30+ global partners, and optimized parallel processing, Brevis aims to establish a foundational zk data layer for real-time smart contract verific
AI's Dilemma in Education: Revolutionizing Learning or Widening Gaps?
Tech Industry Relieved as U.S.-China Agreement Temporarily Halts Rare Earth Export Restrictions
- U.S. and China agree to a one-year trade framework suspending key tariffs and rare earth export controls to ease tensions. - The deal avoids a 100% U.S. tariff on Chinese goods and delays China's rare earth restrictions critical to tech and defense sectors. - China resumes soybean purchases, benefiting U.S. farmers, while U.S. reduces fentanyl-related tariffs from 20% to 10%. - Success hinges on China's enforcement of rare earth policies and U.S. adherence to export controls, per analysts.
Trending news
MoreCrypto prices
More
