Based on UMA’s Optimistic oracle machine, Across Protocol enables two-way transactions between Ethereum’s Layer 1 and Layer 2 chains. Decentralized instant transactions between chains are made possible via a combination of Optimism oracles, repeaters, and single-sided liquidity pools. As of now, the ACX is compatible with blockchains like Ethereum, Arbitrum, Optimism, and Polygon.
Tokens can be transferred instantly and cheaply between chains (layers) using Across Protocol, which enables users to borrow liquidity from decentralized repeaters. A repeater can pre-fund a user’s account for instant inter-chain transfers. As payment, repeaters on the Ethereum network can select on-chain compensation from a centralized pool of funds.
Here is a rundown of all the tokens that can be used on the chains that ACX supports. Tokens can only be exchanged between chains if both chains support the token being exchanged.
Transfers of ETH/WETH, BTC, DAI, USDC, BOBA, BADGER, BALANCER, and UMA can be made between different blockchains thanks to Across Protocol’s current integration of the Ethereum Mainnet, Arbitrum, Optimism, and Polygon networks.
The Across Protocol $ACX token was the first digital asset created by the company. As of the 28th of November, it will be distributed. Regarding cross-chain activities, ACX airdrops are available to the wallet addresses of ecosystem contributors who took part in said activities. A total of ten million pieces will be airdropped. Hack VC, Placeholder, and Blockchain Capital recently invested $10 million in Across Protocol at a valuation of $200 million.
Founded on the principle of “User First, Change for You,” MEXC has grown to become the most popular cryptocurrency exchange in the world, offering a wide range of convenient services to its 10 million users. More than 1,700 tokens, 170 tokens in contracts, and 350 tokens in ETFs can be instantly traded on MEXC.
When it comes to trading pairs, volume, and speed at which popular projects can be launched, MEXC is unrivalled. These assets are all first listed on MEXC, from UNI to DYDX to APE and OP to APT to ACX.