The deBridge Cross-Chain Interoperability Protocol launched deBridge Hooks to enable real-time multi-chain data transfer across the decentralized finance ecosystem.
DdeBridge introduced the new feature in an October 8 announcement, noting that the deployment of deBridge Hooks will benefit developers and protocols seeking cross-chain communication.
What are Bridge hooks?
With deBridge Hooks, users such as market makers can now benefit from near-instant asset distribution, user registration, onboarding processes, and experiences. Hooks will also improve the efficiency of decentralized financial applications.
Applications running on one chain can receive deposits from another network, for example from the Solana (SOL)-based lending protocol Kamino to Ethereum (ETH). DeBridge Hooks allows these transfers to occur within a single transaction, thereby improving the protocols’ success/bounce rate, the platform explained in a blog post.
DeBridge Hooks also unlocks use cases in risk management, allowing users to quickly withdraw funds from one protocol and deposit them to another to avoid risk on platforms like (AAVE).
Integration with the BNB chain
On August 28, deBridge announced that it had integrated BNB Smart Chain to enable access to BNB Chain’s bridge aggregator. The partnership opened BNB Smart Chain users to real-time value transfers and institutional liquidity.
In September, deBridge reached significant milestones, including the deBridge Foundation’s introduction of a centralized claims trading feed. This allowed users to queue their claims on centralized exchanges such as Bybit, KuCoin, MEXC and Gate.io.
The platform also reached over $4 billion in volume and became a market maker for Bitcoin on Solana.
