Expand.network launches API adapter to connect to blockchains

Singapore-based Expand.network, an API service that provides both read and write connectivity to major public blockchains and DeFi protocols, has announced its official launch for public use.

The solution promises to save time and resources for blockchain developers and digital asset traders working in an increasingly multi-chain world. Under the status quo, developers must work across multiple protocol APIs and SDKs to interact directly with each chain or protocol. Expand’s API infrastructure provides a one-stop shop for developers to make on-chain requests, trade preparations, and execute whatever transactions they desire. Critically, users retain their private keys and never have to trust a third party with their assets.

As representatives say, Expand is about ease of use, security and versatility. By supporting DeFi protocols, such as decentralized exchanges, lending and borrowing protocols, return aggregators, oracles, as well as all major layer-1 and layer-2 chains, the platform can solve billion-dollar inefficiencies in the blockchain landscape.

Expand supports EVM-compliant chains including Ethereum, Binance Smart Chain, Avalanche, Polygon, Cronos, Arbitrum, and Optimism, as well as non-EVM-compliant chains such as Solana, Tron, NEAR, and Algorand.

Expand is the latest company to launch from Web3 incubator Cumberland Labs, which conceived the product and took on the initial build, funding, resources and consulting to support the platform. The upcoming Expand release sees additional chain support for Aptos, Sui, Lido, LayerZero and StarkNet, and additional DeFi protocols.

In February, Cumberland Labs launched Hashnote, the first fully regulated, institutional-grade investment management platform for DeFi. The addition of Expand continues the incubator’s goal of producing solution-oriented startups with unique offerings.

Joining forces

Blockchain interoperability has recently been recognized as an issue in the evolving crypto world. It’s also why Belgium-based Swift announced its partnership with crypto startup Chainlink and several other institutions to explore blockchain interoperability challenges.

Swift wants to participate in a series of trials to integrate with several public blockchains in collaboration with Chainlink and institutions such as ANZ Bank, BNP Paribas, BNY Mellon, Citi, Lloyds Bank, clearinghouses Clearstream and Euroclear, as well as DTCC and SIX Digital Exchange.

Company representatives emphasized the highly fragmented blockchain ecosystem and observed the lack of feasibility for financial institutions to connect to each platform individually. Swift is working with the community to solve this problem by developing an interoperability model that allows access to different platforms globally.