The Manta-BNB Interoperability
The blockchain project Manta Network has recently announced an expansion of interoperability between their Manta Pacific network and BNB Chain, the smart chain underlying the popular crypto exchange Binance.
This cross-chain bridge facilitates easy swapping of Manta’s native token $MANTA with $BNB, enabling users to engage in farming opportunities through a $BNB/$MANTA liquidity pool on PancakeSwap.
How the Manta-BNB Interoperability Works
The process to bridge assets between Manta Pacific and BNB Chain is outlined below:
- Navigate to the Pacific-BSC bridge portal
- Connect your crypto wallet
- Select “Manta” as the source chain and “BNB Chain” as the destination chain
- Approve the transaction
- Send $MANTA tokens across the bridge
Once $MANTA is bridged onto the BNB Chain, users can provide liquidity to the $BNB/$MANTA pool on the decentralized exchange PancakeSwap. This action enables them to earn fees and rewards from other traders swapping between the assets. Bridging also allows $BNB holders to access various decentralized applications in the Manta ecosystem.
Market Movements for $MANTA and $BNB
Manta’s token $MANTA has experienced a surge of over 5% in the last 24 hours, reaching a price of $3.07 at the time of writing, according to CoinMarketCap. Simultaneously, BNB has climbed over 8% to $360.35. The introduction of the new Manta-BNB bridge may have contributed to the momentum behind these price increases.
With the expanding functionality between the two blockchain ecosystems, additional trading volume and liquidity pooling activity can be expected around these tokens. Manta Network is actively working to establish connections with major chains to support interoperability and enhance accessibility for decentralized apps.
Ecosystem
Research
News Network
About