A new cross-chain bridge between Ethereum and Avalanche aims to provide low-cost migration of assets between two blockchain networks.
, led to the creation of third-party cross-chain bridges.
Narni, a new cross-chain bridge by the Umbria Network, promises to offer a 90% cheaper transaction fee compared to the official AVAX bridge. The platform claimed its bespoke system that uses single asset liquidity pools and a custom oracle protocol that reduces the computational complexity of bridging and thus reduces the cost by up to 90%.
Talking about the role of AVAX and cross-chain bridges, Barney Chambers, Co-founder and co-lead developer of Umbria, explained to Cointelegraph that the Avalanche blockchain allows decentralized applications that are not economically feasible on Ethereum. He added: “Umbria is acting as the glue between all of the L1 and L2 blockchains, enabling users to move their assets in a cheap and timely manner. At Umbria, we envision that, in the future, users will not even need to know what blockchain they are using,”
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