- VeChainThor has launched its first-ever cross-chain bridge, in its growth toward greater decentralization, liquidity, and ecosystem expansion.
- This launch, powered by Wanchain, a leader in decentralized cross-chain infrastructure, connects VeChain to over 40 major blockchains.
On July 1, VeChain officially launched StarGate, a fresh staking platform introduced as part of its broader “Renaissance” upgrade. Instead of simply earning passive rewards, users now stake their VET tokens to mint unique NFTs that represent their staked position.
These staking NFTs earn VTHO rewards and also give users a voice in governance and validator delegation, making participation more active and engaging.
To make this even more powerful, VeChain has teamed up with Wanchain, a decentralized project focused on cross-chain connectivity. Through this partnership, VeChain can now connect to over 40 major blockchains, including Ethereum (ETH), Bitcoin (BTC), Solana (SOL), and BNB Chain.
It’s a leap toward true interoperability and sets the stage for a new wave of cross-chain DeFi innovation.
Advanced Security Through Cryptography
According to Vechain’s X post, the bridge leverages Wanchain’s proprietary tech stack, which includes Secure Multiparty Computation (sMPC) and Shamir’s Secret Sharing, two cutting-edge cryptographic methods that work together to ensure decentralized, secure, and non-custodial asset transfers.
This means that no single party ever holds complete control over users’ assets during a transaction. Instead, multiple parties collectively manage the process, minimizing the risk of hacks or mismanagement, something that’s crucial in today’s interconnected blockchain environment.
Commenting on this Partnership, Temujin Louie, CEO of Wanchain, said,
Partnering with VeChain to launch their first-ever cross-chain bridge is a game-changer for their blockchain interoperability. This integration connects VeChainThor to the most used chains, unlocking seamless asset transfers and fuelling new kinds of real-world-focused innovation. We’re thrilled to empower VeChain’s ecosystem with Wanchain’s secure, battle-tested infrastructure.
At its core, the bridge allows users to connect with some of the most widely used decentralized applications in the space, like Uniswap, PancakeSwap, and Raydium. Together, these platforms represent over $100 billion in total value locked (TVL), and now, thanks to VeChain’s integration, users can tap into this massive liquidity pool more seamlessly than ever.
To make this rollout even more user-friendly, VeChain is waiving all service fees for bridge transactions heading into its network for the first 30 days. During this promotional window, users only need to cover the standard network gas fees, with no additional costs.
Whether you’re looking to move your assets into the VeChainThor ecosystem or are curious about what VeBetter and its expanding suite of dApps have to offer, this fee-free period creates a perfect opportunity to get started without breaking the bank.
Stargate Performance Metrics
Vechain has also posted a report of Stragate’s performance since we saw it launch. Key achievements include the minting of 7.3K Node NFTs and the staking of 4.6B $VET, demonstrating strong community participation in the platform’s foundational elements.
Financial performance is equally notable, with $101M in Total Value Locked (TVL) created, underscoring the substantial capital flowing into the Stargate ecosystem.
The platform also generated 8.5M $VTHO/day in global generation and distributed 17.6M $VTHO in rewards paid to users. Geographically, Stargate has seen adoption across various regions. The USA leads with 8,000 users, followed by the Netherlands with 3,000 users, and Germany with 2,500 users.
Over the past week, VET has climbed by 16%, and just in the last 24 hours, it’s gained another 9.31%. At the moment, VET is trading around $0.024, with trading volume up by 50%. This surge has also pushed its market cap up to $2.13 billion, highlighting renewed investor confidence behind the project.
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