Two under-the-radar altcoins are on the rise after abruptly receiving support from top US crypto exchange Coinbase.
In a new announcement, Coinbase Assets say it adds interoperable layer-1 blockchain ZetaChain (ZETACHAIN) and cross-chain bridge Across Protocol (AVX) to its list roadmap.
The Coinbase listing roadmap was created in 2022 as a means to increase transparency and suppress the frontrunners. Whenever Coinbase decides to add a new asset, it first communicates the decision through the roadmap.
Billed as the “first universal blockchain,” ZetaChain is an interoperable Ethereum Virtual Machine (EVM) that allows developers build decentralized applications (dApps) across multiple blockchains, including Bitcoin (BTC), Cosmos (ATOM) and Ethereum (ETH).
“Universal apps built on ZetaChain connect to everything in the crypto ecosystem, giving you easy, seamless, and secure access to all crypto, as if it were all in one place.”
ZetaChain is trading at $0.491 at the time of writing, up 7.7% over the past 24 hours.
The other digital asset supported by Coinbase, AVX, is a multi-chain bridge that allows users to interact seamlessly transfer tokens from one blockchain to another using intents.
“Cross-chain intents are a cross-chain limit order plus an action to be performed. Intents replace explicit execution steps with user outcomes, allowing relayers to compete to provide the optimal execution path for the user…
Across connects users via intents to dApps, not just blockchains to blockchains. Developers simply need to embed a standard order into protocol actions to create seamless cross-chain experiences.”
ACX is valued at $0.356 at the time of writing, up 8.4% on the day.
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Featured image: Shutterstock/FlashMovie/Vladimir Sazonov