A new bridge was established between the Avalanche project and Ethereum, which came to life in September 2020. Built by ChainSafe, the bridge will allow DeFi users to switch from one blockchain to another.
A link was established between the competing Avalanche and Ethereum networks. ERC-20 or ERC-721 compatible tokens can be used in Avalanche-based applications thanks to this bridge. The announcement of the project was made in November 2020.
Featuring names such as Emin Gün Sirer, Kevin Sekniqi and Maofan Yin in the cast, Avalanche's own coin AVAX was valued five times in a month.
