Correction:
Gateway is an application-specific blockchain, not a bridge.
Gateway: Connecting the Cosmos
The Wormhole Foundation has launched Gateway, an application-specific blockchain (appchain) that integrates into the Cosmos ecosystem.
Gateway is the first appchain to connect liquidity and users from over 20 different blockchains to any Cosmos appchain.
This new blockchain is designed to make it easier for developers and users to on-ramp tokens to any Cosmos chain, driving liquidity and growth within the ecosystem.
Appchains: Blockchains Tailored for Applications
Appchains, like Gateway, are blockchains customized to operate a single application.
Instead of building a decentralized application on top of an underlying blockchain like Ethereum, developers create their own blockchain from the ground up, designed specifically for their application.
This approach allows for greater flexibility and adaptability, enabling developers to meet the evolving needs of their users.
Wormhole’s Expansion into Cosmos
Wormhole’s launch of Gateway marks a significant expansion of its presence within the Cosmos ecosystem.
In 2022, Wormhole integrated with Injective, a Cosmos-based blockchain, and has since established a strong presence within the network.
The launch of Gateway further solidifies Wormhole’s commitment to the Cosmos ecosystem and its mission of fostering interoperability and liquidity across blockchains.
Wormhole’s Robust Infrastructure
According to its website, Wormhole boasts over $378 million in total value locked across its various bridges.
This demonstrates the robust infrastructure and security that Wormhole has built to facilitate cross-chain transactions.