Swing has released a new widget as well as an SDK for cross-chain developers.
According to the initiative, these software tools will make the process of delivering cross-chain solutions easier.
Protocol for decentralised cross-chain liquidity Swing has released a new widget and software developer kit (SDK) to make cross-chain crypto deployments easier.
Swing stated on Wednesday that its new widget and SDK support 21 EVM-compatible chains, including Ethereum, BNB Chain, Arbitrum, and Optimism. Swing also intends to expand to four non-EVM networks, including Solana and Cosmos.
Cross-chain solutions, such as bridges, allow cryptographic assets to be transferred between networks. Swing claims that implementing these solutions typically takes several weeks, necessitating the need for its software package. Using the SDK, developers can now implement bridge interfaces for their decentralised applications in a couple of hours. The process may take a few minutes if the widget is used, according to the statement.
According to Swing, simplifying the cross-chain deployment process is required to minimise so-called “liquidity fragmentation,” which occurs when liquidity is isolated across different blockchains and cannot easily flow between chains. According to Viveik Vivekananthan, the founder, simple access to cross-chain liquidity is critical for blockchain expansion.
Secure bridges are required for cross-chain liquidity transfers. Last year, hackers stole billions of dollars’ worth of cryptocurrency from numerous bridges. According to Vivekananthan, the new tools allow developers to deal with such circumstances as well.
“In the event of bridge hacks, Swing’s SDK and widget decrease risk by allowing developers to swiftly turn off compromised bridges and immediately enable a fresh bridge that supports the same routing token lists so that user flow is not disrupted,” Vivekananthan told The Block.
Vivekananthan also stated that projects that rely on a single bridge are susceptible, highlighting the importance of tools like Swing that allow developers to different aggregate bridges for their apps. Swing enables multiple bridges in addition to 21 EVM chains. The project’s website offers nine bridge protocols, including Celer, Wormhole, and Hop.