Algorand (ALGOUSD)

[waldo77]

Jump-Backed Wormhole Bridge Expands to Algorand Blockchain
https://www.coindesk.com/tech/2022/05/17/jump-backed-wormhole-bridge-expands-to-algorand-blockchain/

'...The cross-chain bridge is hoping to capture some of Algorand’s $136 million in DeFi TVL...'

https://wormholenetwork.com

Wormhole Launches New Algorand Portal
https://www.prnewswire.com/news-releases/wormhole-launches-new-algorand-portal-301549108.html

https://www.portalbridge.com/#/transfer

"...Wormhole has quickly become one of the largest DeFi networks in the world," said Hendrik Hofstadt, a contributor to Wormhole. "The network plays a key role in enabling liquidity to flow into new ecosystems, which has a profound impact on the growth and expansion of decentralizing protocols, projects, liquidity, governance, and participation. The Wormhole community is excited to welcome Algorand to DeFi's fastest-growing multi-chain liquidity network."

"The integration of Algorand to Wormhole's network is great news for builders of this ecosystem," said Michel Dahdah, co-founder of Rand Labs, a company building infrastructure products on Algorand and contributors to the Wormhole integration. "It will allow us to access all the liquidity that exists outside of Algorand, significantly boosting the TVL of the network..."

https://www.randlabs.io

'...Rand Labs is a blockchain development lab specialized in Algorand technology...'