Cross-chain interoperability protocol deBridge has launched deBridge Hooks to enable real-time data transfer across multiple chains within the decentralized financial ecosystem.
DdeBridge introduced the new feature in an October 8 announcement, noting that the rollout of deBridge Hooks will benefit developers and protocols looking for cross-chain communication.
What are theBridge hooks?
With deBridge Hooks, users, such as market makers, can now benefit from near-instant asset distribution, user registration, onboarding processes and experiences. Hooks will also increase the efficiency of decentralized financial applications.
Applications running on one chain can receive deposits from another network, for example from the Solana (SOL)-based lending protocol Kamino to Ethereum (ETH). DeBridge Hooks allows these transfers to occur within a single transaction, improving protocols’ success-to-bounce ratio, the platform explained in a blog post.
DeBridge Hooks also unlocks use cases in risk management, allowing users to quickly withdraw funds from one protocol and deposit them to another protocol to avoid risks on platforms like (AAVE).
Read more: Infinex selects Wormhole as its primary interoperability solution
Integration with BNB Chain
On August 28, deBridge announced that it had integrated BNB Smart Chain to enable access to the BNB Chain bridge aggregator. The partnership opened up BNB Smart Chain users to real-time value transfers and institutional liquidity.
In September, deBridge achieved milestones, including the deBridge Foundation’s introduction of a claim-to-centralized exchange flow. This allowed users to queue their claims for centralized exchange platforms such as Bybit, KuCoin, MEXC and Gate.io.
The platform also reached over $4 billion in volume and became a market maker for Bitcoin on Solana.
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