Umbrella Network – a challenger oracle – has deployed 1,200 price pair data feeds onto the Ethereum mainnet.
The move has been made possible due to the activation of a cross-chain bridge between Umbrella’s native Binance Smart Chain and the widely popular Ethereum mainnet.
“By launching our low cost, high scale solution to the Ethereum network, we stand to bring a lot of value to the overall ecosystem.”
Umbrella activates ETH-BSC asset bridge
This new feature is an in-house solution developed by the network and enables the community to transfer tokens between the two networks
Insiders at Umbrella have revealed further expansion plans to Polygon, Solana, Cardano, and Avalanche, aimed at spreading market data across the entire blockchain ecosystem.
Umbrella’s Asset Bridge has developed to help demonstrate the project’s commitment to becoming an interoperable oracle across all chains.
Ultimately, this arrangement enables users to see a specific transaction without downloading the entire block, thus enabling fast price feed data retrieval for Umbrella’s oracles.
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