Cycle Network, an omni-chain Web3 settlement layer, has collaborated with RISE Chain, an Ethereum L2 scaling solution provider. The collaboration intends to provide an inclusive liquidity infrastructure, marked by the merger of real-time performance as well as bridgeless and secure cross-chain settlement. The platform revealed this partnership with the community in a recent X post.
Cycle Network and RISE Chain Collaborate to Enable Cross-Chain Liquidity Without Bridges
The partnership between Cycle Network and RISE Chain takes into account the development of an omni-chain settlement layer. This endeavor aims to unlock unparalleled access to significant liquidity across diverse blockchain ecosystems while requiring no conventional bridges. With this, the institutional-scale applications will get the capability to carry out transfers with unprecedented speed and millisecond precision.
The key element of this collaboration is the considerably low latency architecture of RISE Chain, boasting 5ms transfer finality and enormous speed. Simultaneously, it also maintains security standards of Ethereum. The 1ms “Shreds” functionality of RISE powers this endeavor. Additionally, RISE presently backs throughput of almost 50,000 transfers per second, while targeting nearly 100,000 transfers per second.
Developing Infrastructure Marked by Abstraction Layer’s Merger with Real-Time Transfer Execution
As per Cycle Network, in collaboration with RISE Chain, it is establishing an infrastructure that merges the abstraction layer of the former with the real-time execution mechanism of the latter. Hence, both the entities focus on letting apps conduct rapid settlements across chains without any compromise on decentralization or security.
