PARALLEL NETWORK Releases ALPHA Cross-Chain Bridge Supporting 24 Assets

PARALLEL NETWORK has launched the mainnet $ALPHA cross-chain bridge, supporting over 24 types of assets. The cross-chain bridge currently supports more than 24 different assets on ETHEREUM, ARBITRUM, and $MANTA networks. The transaction speed for cross-chain transfers is less than 30 seconds. Over 70,000 users have participated in the BETA testing phase, and there are plans to release the BETA version of the cross-chain bridge next month. PARALLEL NETWORK is a second-layer scaling solution built on top of Ethereum, supported by ARBITRUM's NITRO stack. It integrates native yield, lending, staking, and trading functionalities.