In a new development for Starknet interoperability, users can now bridge their assets directly to Starknet through the Solana-Starknet Bridge, powered by Hyperlane‘s cross-chain infrastructure. Enhancing Starknet’s interoperability allows for a more interconnected crypto ecosystem, increasing liquidity and improving the user experience overall by reducing friction and providing access to new apps.
Solana – a Layer 1 blockchain – has around US $11 billion in Total Value Locked (TVL) in DeFi protocols, millions of daily active user addresses, and tens of millions of transactions per day. The Solana-Starknet Bridge allows users to bring their Solana assets to Starknet, reinforcing Starknet’s position as the premier destination for DeFi.
Starknet Interoperability
Previously, bridging between Solana and Starknet was limited to stablecoins such as USDC and USDT via Layerswap and RhinoFi. Now, with Hyperlane’s technology under the hood-covering the smart contracts, offchain components, and security infrastructure-the Solana-Starknet bridge, which is easily accessed via Starknet’s native StarkGate, enables the direct transfer of the following seven tokens:
SOL – Solana’s native token
DREAMS – utility token of DreamLabs
TRUMP – meme coin on Solana
JUP – token for DEX aggregator Jupiter Labs
BONK – dog-themed meme coin on Solana
PUMP – utility coin for Pump.fun platform- FARTCOIN – meme coin on Solana
This marks the first time these tokens are available together on Starknet via a single bridge, creating new opportunities for DeFi users and liquidity providers alike. DREAMS, specifically, has reached about 1 million in trading volume on Starknet since the Solana-Starknet Bridge went live.
Users benefit from:
- Improved Access: No other bridge currently supports the transfer of these tokens onto Starknet.
- Expanded DeFi: With access to seven new tokens, Starknet users gain exposure to Solana-native ecosystems while accessing the scalability and low fees of a ZK-rollup. More broadly, Starknet aims to be the hub for DeFi and recently launched BTCFi, which is bringing the Bitcoin economy to Starknet. BTCFi is the first step towards unlocking true utility for BTC holders to earn yield and join DeFi without sacrificing on security or decentralization.
- Future-Proof Interoperability: The collaboration between Starknet and Hyperlane – with Hyperlane’s permissionless expansion and cross-VM capabilities – sets the foundation for connectivity with other major blockchains in the near future.
Unlocking New Possibilities
Solana is known for its high-throughput performance, low fees, and support for scalable apps, crypto assets, and retail-focused DeFi. Starknet – a ZK rollup that uses STARK proofs to scale more securely – is on a journey to become the first fully decentralized L2. By bringing Solana tokens onto Starknet, users benefit from Starknet’s security, scalability, and increasing decentralization.
Already on Starknet Ekubo has liquidity pools for DREAMS, SOL, and PUMP, LayerAkira has liquidity pools supporting FARTCOIN, SOL, TRUMP, JUP, BONK, and AVNU, with its excellent execution quality and gasless UX, supports six of the seven tokens, meaning users can put their assets to work right away.
Building DeFi for the Long Term
The integration with Hyperlane demonstrates what’s possible in terms of expanding Starknet’s interoperability and making cross-chain token transfers even more seamless. As more assets become available, Starknet can provide the liquidity, scalability, and developer tools to enable the next generation of DeFi, reinforcing its role as a hub for cross-chain DeFi.
Check out the Solana-Starknet Bridge today.
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