With the new deBridge feature, Solana users can easily access any Ethereum-based blockchain

A new feature of cross-chain bridge deBridge will allow Solana users to easily access applications on other blockchains for low fees — and vice versa, Alex Smirnov, CEO and co-founder of deBridge, told CoinDesk.

Smirnov said the feature marks the first time a Solana user can access Ethereum Virtual Machine (EVM)-based blockchains like Arbitrum without relying on derived tokens or wrapped tokens, which pose a security risk.

“Wormhole used to be the only available interoperability solution for the Solana ecosystem, but the problem here is that the interoperability hasn’t been seamless,” explained Smirnov.

“Users and projects that needed to transfer liquidity to Solana have always faced limitations due to the lack of liquidity in wormhole pools and high slippage when exchanging the packaged assets, resulting in developers often having to deal with illiquid wormhole assets .” Smirnov added.

deBridge said its new capability enables any EVM smart contract to prepare on-chain instructions that run directly on Solana, while Solana programs can also prepare messages to be sent to any smart contract in EVM chains are sent.

This is possible thanks to a connection with DLN Trade, a deBridge cross-chain exchange product that uses a decentralized order book to allow any asset on one chain to be traded directly with any asset on another chain, without congestion and liquidity pools.

Liquidity pools are a basket of tokens locked on decentralized exchanges, designed to facilitate trading of those tokens on the open market. DLN uses peer-to-peer liquidity to settle deals rather than relying on a liquidity pool.

Read more: Cross-Chain Bridge deBridge launches app for trading without liquidity pools

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