This explosive project claims to become a cross-chain DeFi crypto hub
Popular crypto channel Altcoin Buzz shares with their subscribers a strong fundamental project named Wanchain (WAN) that has achieved Cross-Chain Interoperability, a critical component of the multi-chain blockchain structure.
Wanchain is a distributed ledger that allows for cross-chain transactions and the interoperability of multiple chains. Although Wanchain facilitates transactions between blockchains, it is also a stand-alone blockchain that runs autonomously.
According to the crypto KOL, Wanchain uses the latest cryptographic theories to build a non-proprietary cross-chain protocol and a distributed ledger that records cross-chain and intra-chain transactions.
“Any blockchain network, whether public, private can integrate with Wanchain to establish connections between different ledgers and perform low-cost inter-ledger asset transfers. The Wanchain ledger supports not only smart contracts but also token exchange privacy protection.”
In early 2021, Wanchain launched the world’s 1st decentralized BTC-ETH direct bridge. Wanchain’s decentralized bridges currently connect Bitcoin, Ethereum, EOS, Binance Smart Chain, etc.
The native token of the platform, WAN, is used in payments and on-chain governance. According to the analyst, there are a total of 210,000,000 $WAN tokens available, and 92% of them are already circulating. That means the potential of a significant dump is meager.
“For the past three months, Wanchain has seen a steady price increase. This is mainly because of their steady delivery, improved 2021 RoadMap, and focused marketing.”
On the other hand, WAN is trading at $0.73, 72% down from its all-time high. With a fully diluted market cap of 200M, Wanchain has a lot of room to grow.