{"id":414650,"date":"2022-03-11T07:41:48","date_gmt":"2022-03-11T04:41:48","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/la-token-launches-lachain-to-bridge-ethereum-based-networks\/"},"modified":"2022-03-11T07:41:48","modified_gmt":"2022-03-11T04:41:48","slug":"la-token-launches-lachain-to-bridge-ethereum-based-networks","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/la-token-launches-lachain-to-bridge-ethereum-based-networks\/","title":{"rendered":"# LA Token launches LACHAIN to bridge Ethereum-based networks"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a33e450ceec9\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a33e450ceec9\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/la-token-launches-lachain-to-bridge-ethereum-based-networks\/#%E2%80%9D_LA_Token_launches_LACHAIN_to_bridge_Ethereum-based_networks_%E2%80%9C\" >&#8221; LA Token launches LACHAIN to bridge Ethereum-based networks &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_LA_Token_launches_LACHAIN_to_bridge_Ethereum-based_networks_%E2%80%9C\"><\/span>&#8221; LA Token launches LACHAIN to bridge Ethereum-based networks &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvYjllYTlhNTUtZmQwMC00YTRiLWE4ODMtZWFmMWFkNmNlYTIwLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Crypto platform LA Token has become the latest exchange to launch its own blockchain with the LACHAIN network which it hopes will give its users access to decentralized finance (DeFi) products and a bridge between other networks.<\/p>\n<p>The layer-1 Ethereum Virtual Machine (EVM)-compatible and WebAssembly (WASM)-compatible LACHAIN went live on Mar. 10 to help LA Token capitalize on expected future growth in demand for token bridges between networks. LA Token was launched in 2017 in the Cayman Islands. It has had $281.6 million in trading volume over the last 24 hours according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/exchanges\/latoken\">CoinGecko<\/a>.<\/p>\n<p>EVM compatibility allows tokens on the proof-of-stake LACHAIN to transfer seamlessly between other Ethereum-based networks such as Polygon (MATIC) and others including BNB Chain (formerly Binance Smart Chain). WASM is a competitor to EVM for smart contract platforms.<\/p>\n<p>The new network\u2019s main workload is expected to be in handling DeFi services as it is touted as \u201cThe DeFi Hub\u201d on its website. As of now, the only d<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a> that appears to be on the network is LA Token\u2019s own LADEX decentralized exchange.<\/p>\n<p>LACHAIN has about $23 million in total value locked (TVL) as of the time of writing from 6 tokens including LA and wrapped versions of LA, Tether (USDT), MATIC, BNB, and Ether (ETH). There are <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/scan.lachain.io\/\">currently<\/a>\u00a0jus678 total wallet addresses and four validators on the network. Each validator appears to be LA Token\u2019s own wallets, however, this could not be confirmed as the exchange has not responded to a request for comment. As of the time of writing, there have been 194,615 transactions performed on-chain.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Ethereum&#8217;s TVL dominance drops to 55% as Bloomberg analyst paints $1.7K bearish target<\/em><\/strong><\/p>\n<p>LACHAIN is entering a highly competitive ecosystem of similar networks. Other centralized exchanges with their own blockchain networks include Crypto.com\u2019s Cronos, and KuCoin with KCC. Currently, BNB Chain (formerly BSC) is the largest centralized exchange blockchain with a market cap of $8.3 billion in BNB <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bscscan.com\/stat\/supply\">tokens<\/a>. Like with those exchanges, LA Token\u2019s exchange token LA will be used to pay fees and gas on LACHAIN.<\/p>\n<p>LA is down 1.4% over the last 24 hours and is trading at about $0.10 according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/latoken\">CoinGecko<\/a>. It has fallen 94.2% from its $1.82 all-time high set in January 2018.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/la-token-launches-lachain-to-bridge-ethereum-based-networks\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; LA Token launches LACHAIN to bridge Ethereum-based networks &#8220; Crypto platform LA Token has become the latest exchange to launch its own blockchain with the LACHAIN network which it hopes will give its users access to decentralized finance (DeFi) products and a bridge between other networks. The layer-1 Ethereum Virtual Machine (EVM)-compatible and WebAssembly&#8230;<\/p>\n","protected":false},"author":1,"featured_media":414651,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvYjllYTlhNTUtZmQwMC00YTRiLWE4ODMtZWFmMWFkNmNlYTIwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74860,74868,74892,117],"class_list":["post-414650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-cryptocurrency-exchange","tag-defi","tag-tokens","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/414650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=414650"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/414650\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/414651"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=414650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=414650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=414650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}