Axelar unveiled the Interchain Token Service (ITS), aiming to improve interoperability of tokens across Ethereum-compatible chains.
Decentralized exchange SushiSwap is one of the first adopters of “interchain tokens” enabled by the service.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Blockchain project Axelar has unveiled its Interchain Token Service , a product aimed at enhancing the interoperability of ERC-20 tokens across all Ethereum-compatible chains.
Sushi, a decentralized exchange , is one of the first to adopt the “interchain tokens” via the service. Sushi plans to utilize the ITS to facilitate seamless interaction of its native SUSHI token across multiple chains, its team said. The initial deployment will ensure interoperability of SUSHI across Arbitrum, Ethereum, Optimism, and Polygon, allowing the SushiSwap decentralized exchange to manage its multichain deployments more efficiently through the Axelar network.
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