The blockchain project Manta Network announced expanded interoperability between their Manta Pacific network and BNB Chain, the smart chain underlying the popular crypto exchange Binance. This cross-chain bridge will allow users to easily swap Manta’s native token $MANTA with $BNB, and engage in farming opportunities with a $BNB/$MANTA liquidity pool on PancakeSwap.
What you'll learn 👉
How the Manta-BNB Interoperability Works
The process to bridge assets between Manta Pacific and BNB Chain was outlined in a tweet from Manta Network’s official X account. Users must navigate to the Pacific-BSC bridge portal After connecting a crypto wallet, users can select “Manta” as the source chain and “BNB Chain” as the destination chain. Users must then approve the transaction and send their $MANTA tokens across the bridge.
After bridging $MANTA onto the BNB Chain, users can provide liquidity to the $BNB/$MANTA pool on the popular decentralized exchange PancakeSwap. This will allow them to earn fees and rewards from other traders swapping between the assets. Bridging also allows $BNB holders to access various decentralized applications in the Manta ecosystem.
Market Movements for $MANTA and $BNB
Manta’s token $MANTA has surged over 5% in the last 24 hours according to CoinMarketCap, reaching a price of $3.07 at the time of writing. BNB has also climbed significantly, up over 8% to $360.35. The new Manta-BNB bridge may have provided further momentum for these price increases.
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Show more +With expanding functionality between the two blockchain ecosystems, additional trading volume and liquidity pooling activity can be expected around these tokens. Manta Network continues working to build connections with major chains to support interoperability and accessibility for decentralized apps.
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