Sui Launches Its Bridge On Mainnet, Enhancing Interoperability Between Sui And Ethereum
In Brief
Sui Foundation announced the launch of Sui Bridge on Mainnet, enabling trust-minimized asset transfers between the Ethereum and Sui networks.
Organization dedicated to advancing and promoting the Sui blockchain, the Sui Foundation announced the launch of its Sui Bridge on the Mainnet, which aims to enhance interoperability. The Sui Bridge serves as a native solution for transferring assets to and from external ecosystems.
This launch allows for trust-minimized asset transfers between the Ethereum and Sui networks. The new feature provides users with a direct and native pathway to move assets , while all transactions are being secured by Sui’s network validators, which ensures they are safeguarded by the same strong infrastructure that underpins and safeguards the Sui blockchain.
With multiple bridging options available, individuals might come across various versions of the same bridged asset. For instance, ETH transferred to Sui through the Sui Bridge (ETH) is distinct from ETH transferred via Wormhole (WETH). To enhance user experience, applications on Sui will be updated in the coming weeks to clearly distinguish between these different assets, helping users effectively identify and manage them. At present, the Sui Bridge supports transfers of ETH and WETH between the Sui and Ethereum networks.
In order to initiate a transfer, individuals are advised to access the Sui Bridge web interface, link an Ethereum and Sui wallet, select the desired token, specify the amount to be bridged, and then click “Bridge assets.” After approving the transaction through their wallet, users will be redirected to a transaction details page, where they can monitor the progress of the bridging process. Transfers from Ethereum to Sui typically take around 10 minutes to complete due to Ethereum’s probabilistic finality. Once finalized on Ethereum, bridged tokens are usually sent directly to the recipient’s address on Sui without requiring manual claims. However, in certain cases, recipients might need to manually claim their tokens via the user interface.
Sui To Launch Native USDC And Cross-Chain Transfer Protocol On Its Network
Sui is developed in Rust, which supports smart contracts written in Sui Move—a customized version of the Move programming language tailored by the project team. It operates using a Delegated Proof-of-Stake (DPoS) consensus mechanism, which is secured by the network’s native token, SUI. Both validator operators and token holders contribute to the security by staking SUI or delegating their tokens to existing validators.
Recently, Sui announced its plans to launch the native USDC on the network. This initiative aims to improve Sui’s utility and interoperability for users and builders, providing additional liquidity, simplifying transactions, as well as boosting overall market efficiency within the Sui ecosystem.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
More articles
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
