Apex Fusion Secures Expansion to Base With bAP3X Token Deployment
- With the release of bAP3X, Base’s scalability and Apex Fusion’s interoperability ambition come together to provide the groundwork for a new era of cross-chain DeFi.
- The deployment enables the AP3X token to be fully bridgeable, expanding its functionality into Base’s deep liquidity and developer-friendly environment.
The Apex Fusion ecosystem’s leading cross-chain interoperability leader, Skyline, has announced that bAP3X has been successfully deployed on the Base network. The launch marks the first introduction of the bridging version of Apex Fusion’s native AP3X token to the Base network, which is incubated by Coinbase.
bAP3X, or “Based Apex,” is a LayerZero implementation of the Omnichain Fungible Token (OFT) standard that allows Base to directly benefit from the Apex Fusion ecosystem. The deployment enables the AP3X token to be fully bridgeable, expanding its functionality into Base’s deep liquidity and developer-friendly environment in addition to Apex Fusion’s native tri-chain architecture.
With the release of bAP3X, Base’s scalability and Apex Fusion’s interoperability ambition come together to provide the groundwork for a new era of cross-chain DeFi. To provide interoperability that is suitable for production, the deployment makes use of Skyline’s cutting-edge Blade EVM technology. Because of this architecture, native Apex Fusion assets may extend straight to Base and flow seamlessly between the UTXO and EVM levels.
Srdjan Vukmirovic, CEO of Skyline, added:
With the deployment, bAP3X will be able to take off right away in all of the major Base protocols and apps. Aerodrome’s liquidity pools are now operational, and Merkl has enabled incentives. Furthermore, bAP3X is operational on QuickSwap, which increases cross-ecosystem liquidity even further.
By enabling smooth communication across the Apex Fusion, Cardano, and Coinbase ecosystems, bAP3X represents a significant turning point in Apex Fusion’s multichain approach. The token was created in accordance with FINMA guidelines for compliant token utility and is completely bridgeable using LayerZero OFT for smooth cross-chain transfers.
A frictionless solution for bidirectional value transfer is created by Skyline’s architecture, which guarantees that any token launched on Apex Fusion can now be extended to Base and Base-native applications may deploy into Apex Fusion’s environment.
Skyline uses its cutting-edge Blade EVM technology to provide next-generation, production-ready cross-chain interoperability. Skyline facilitates asset deployment, multichain communications, and smooth bridge between UTxO and EVM ecosystems. Skyline is enabling scalable communication between Apex Fusion, Cardano, Base, and top Web3 networks as Apex Fusion’s primary interoperability provider.
Apex Fusion is a tri-chain blockchain ecosystem that combines Prime, Nexus (EVM Layer 2), and Vector (UTxO execution) to provide extensive interoperability across Web3 and enterprise-grade DeFi infrastructure. via safe, high-performance cross-chain communication, Apex Fusion connects the Cardano community with the larger EVM ecosystem via interfaces with Skyline, LayerZero, Stargate, Tenderly, Route3, and other partners.
You May Also Like
Talos Extends Series B to $150M With Strategic Institutional Investors
Tether Achieves Record-Breaking $10 Billion Net Profit as Gold Strategy Redefines Stablecoin Reserves
