According to Alex Smirnov, CEO and co-founder of cross-chain bridge deBridge, a new feature will make it simple and inexpensive for users of Solana to access apps on other blockchains and vice versa. For the first time, according to Smirnov, a Solana user can access Ethereum Virtual Machine (EVM)-based blockchains, like Arbitrum, without relying on wrapped or derivative tokens, which pose a security risk.
Wormhole used to be the only interoperability option available for the Solana ecosystem, although Smirnov pointed out that the compatibility was not completely flawless.
The lack of liquidity in Wormhole pools and the significant slippage during the exchange of the wrapped assets, which frequently forced developers to deal with non-liquid Wormhole assets, have always presented challenges to users and projects that wanted to transfer cash to Solana.
According to deBridge, the new functionality allows any EVM smart contract to create on-chain instructions that are immediately performed on Solana, and Solana programs can create messages that are transmitted to any smart contracts on EVM chains.
This is made feasible through a connection to the DLN Trade, a cross-chain exchange product by deBridge that employs a decentralized order book to allow any asset on one chain to be traded directly to any asset on another chain without the delays and hazards of liquidity pools.
A group of tokens that are locked on decentralized exchanges and are used to facilitate trading for those tokens on the open market are referred to as liquidity pools. Instead of utilizing a liquidity pool, DLN conducts trades using peer-to-peer liquidity.