Two under-the-radar altcoins are surging after abruptly gaining support from top US-based crypto exchange Coinbase.
In a new announcement, Coinbase Assets says it is adding interoperable layer-1 blockchain ZetaChain (ZETACHAIN) and cross-chain bridge Across Protocol (AVX) to its listing roadmap.
Coinbase’s listing roadmap was created in 2022 as a means of increasing transparency and stifling front-running. Every time Coinbase decides to add a new asset, it first communicates the decision via the roadmap.
Billed as the “first universal blockchain,” ZetaChain is an interoperable Ethereum Virtual Machine (EVM) that allows developers to build decentralized applications (dApps) across multiple blockchains, including Bitcoin (BTC), Cosmos (ATOM), and Ethereum (ETH).
“Universal Apps built on ZetaChain connect to anything in the crypto ecosystem, giving you simple, seamless, and secure access to all of crypto, as if it were all in a single place.”
ZetaChain is trading for $0.491 at time of writing, a 7.7% increase during the last 24 hours.
The other digital asset supported by Coinbase, AVX, is a multichain bridge that allows users to seamlessly transfer tokens from one blockchain to another using intents.
“Cross-chain intents are a cross-chain limit order plus an action to execute. Intents replace explicit execution steps with user outcomes, allowing relayers to compete to provide the optimal execution path for the user…
Across connects users to dApps via intents, not just blockchains to blockchains. Developers only need to embed a standard order in protocol actions to create seamless cross-chain experiences.”
ACX is valued at $0.356 at time of writing, an 8.4% increase on the day.
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Featured Image: Shutterstock/FlashMovie/Vladimir Sazonov