A couple of weeks ago, the hive-engine team announced the implementation of linking hive-engine to the Solana blockchain. This has several implication for hive. First of all, there is now a wrapped version of Solana on hive, called swap.sol. The second is that you can withdraw and deposit Solana from and to hive-engine. Thereby opening the whole Solana ecosystem to hive users and at the same time opening the hive ecosystem to Solana users.
Liquidity thanks to Solana diesel pool
Having such a bridge has only a meaning if the new wrapped token has some liquidity so that it can be traded. There is the market swap.hive – swap.solana on hive-engine that brings the minimum viable solution for the token. In addition to that, the hive-engine team have established three diesel pools where swap.sol is paired with swap.hive, Bee or SPS.
In total more than 50'000 $ worth of tokens are providing liquidity to these different pools which is a great start.
Linking to several other blockchains thanks to wormhole
Another great thing that made this implementation of Solana possible is that now hive users can reach also other blockchains like Sui, Base or ARB. Solana is linked to these blockchains through wormhole and you can quite easily transfer tokens to and from these blockchains to solana and in a second step to hive.
Very positive for hive
I believe that there is nothing better for hive than to be linked to other blockchains. The more of such links exist, the better for all of us and also for the different apps working on hive. Let's say you want to promote a game on hive, you can now offer a path to all the users on Sui, Base, ARB and of course Solana to come to hive. On the other hand, hive users can now also link their activity on hive with these different ecosystems.
Links
Swap.sol market
Diesel pools swap.sol
Portalbridge link to Sui, Base, Arb
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I’m convinced that interoperability is 1 of the principle keys to hive finding thrive!
The easier it is to link hive with other ecosystems, the more chances hive has to evolve I believe.
I hadn't seen this news. Thanks for the info!
!PIMP
I believe it's a great addition to the hive ecosystem.
Thank you very much for the timely information.
I have been watching SOL for awhile and today I am seeing an opportunity arising with the recent pullback in price. I agree with you with the added exposer available for Hive projects so I will be exploring this blockchain connectivity some more.
I'm having a #TooFuckeh !MEME of a #FUN time.
May Positive pepEntropy be with you.
!LOLZ
With this addition, a whole ecosystem opens to hive users and also hive becomes easier to be accessed for people on Solana.
True that.
!LOLZ
!SLOTHBUZZ
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I never knew about this. It is good news indeed! Is there any step by step guide on how to use this new bridge to transfer HIVE out to solana and vice versa? Or perhaps you should make one if it doesn't exist! 😜
I haven't seen a tutorial yet so it might be an idea to do one myself ;-)
This is an exciting development for both ecosystems.
The integration of HIVE with SOLANA brings so much potential for cross-chain interaction.
!WINE
!BBH
Such bridges are a very important component that can allow hive to evolve I believe.
I think the bridge is a good thing. Let's see how things go but I think the exposure is a great thing for Hive.
I think it's really positive for hive users and also for others that can use hive in a easier fashion.
Hmm is it better than SWAP.LTC instead for transferring assets out of Hive?
!LUV
It's a direct link to Solana and an indirect one to Sui and other chains. For people who can't access a CEX, it's a great alternative.
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