Sonic Labs Launches Sonic Gateway: Cross-Chain Bridge Between Ethereum and Sonic
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September 19, 2024
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Sonic Labs Launches Sonic Gateway, a Trustless Bridge Between Ethereum and Sonic
Mars Finance reports: Sonic Labs has announced the launch of Sonic Gateway, a decentralized, trustless bridge between Ethereum and Sonic. This eliminates custodial risks.
According to the announcement, Sonic Gateway uses Sonic's validator network to securely transfer ERC-20 tokens, ensuring users maintain complete control over their funds. Transfers from Ethereum to Sonic take a maximum of 10 minutes, while transfers from Sonic to Ethereum take a maximum of one hour.
Furthermore, its fail-safe mechanism allows users to retrieve their assets on Ethereum even if Sonic Gateway is down for 14 days.
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