To make it easier to move ETH, USDC, BUSD, and other digital assets across the RSK, Ethereum, and BNB chains, Multichain has integrated with the RSK blockchain. DeFi is now more accessible to Bitcoin users after the first Bitcoin sidechain was integrated into Multichain.
Multichain bridge users may now make use of Rootstock (RSK). More than 53 blockchains are supported by Multichain, as well as 2400+ bridges and thousands of assets, including ETH, USDC, BUSD, BNB, WBTC, and DAI.
Multichain has been able to handle hundreds of millions in daily traffic with thousands of daily users. Furthermore, Multichain has a total value of approximately $3 billion, making it a major participant in the cross-chain market.
Multichain has entered a new phase with the addition of Rootstock support. The RSK sidechain is the first to be introduced into Bitcoin. It occupies a unique position on the world’s most secure smart contract platform between Bitcoin aficionados and EVM-powered DeFi.
Rootstock’s inclusion with Multichain offers significant advantages to RSK-based manufacturers. For example, they don’t have to construct bridges to access funds and the markets they’re trying to reach. In addition, new platforms developed on RSK have a quicker time to market. Finally, RSK developers will benefit from continuing Multichain bridge improvements and optimizations.
RSK Co-Founder Diego Gutiérrez Zaldívar said on the integration:
“I’m excited to see Multichain choose to integrate RSK as its first Bitcoin layer 2. RSK is home to the fastest-growing DeFi for Bitcoin ecosystem with protocols that are built to last and provide real solutions to the issues users face in centralized finance. This is a huge step forward in interoperability for RSK that means thousands of new users can access these DeFi services.”
A new version of Multichain’s anyCall interoperability protocol has just been released, allowing cross-chain communications and name contracts. Cross-chain decentralized apps on Rootstock and other supported networks would benefit greatly from this solution.
Bridges between RSK and Ethereum are now available for anyone to start using, with BNB Chain coming soon. RSK network bridges will be able to connect to even more chains and tokens in the near future, thanks to Multichain.