NEAR and Aptos enable one-click cross-chain swaps with Shelby
NEAR Protocol and Aptos are teaming up to help bring one-click cross-chain swaps to developers and to address the problems of cross-chain liquidity and real-time data access across web3.
- NEAR Intents has integrated Aptos to enable one-click, instant cross-chain transfers
- Meanwhile, NEAR and Shelby are partnering to bring the web3 platform’s decentralized hot storage network to NEAR.
NEAR Protocol ( NEAR ) and Aptos ( APT ) are joining forces in a collaboration that also involves decentralized hot storage platform Shelby, with the blockchain platforms targeting an ecosystem that benefits from accelerated cross-chain transfers and programmable storage.
Shelby, which offers a cloud-grade hot storage protocol with sub-second reads and programmable logic, is co-developed by Aptos Labs and Jump Crypto.
Users enjoy Web2-grade performance for AI agents, streaming content, and decentralized applications. NEAR helps bring the Web3 experience, with the capacity to scale for global adoption.
Cross-chain liquidity and stablecoin transfers
The integration seeks to abstract away the blockchain complexities that hinder adoption, with developers able to tap into new possibilities. NEAR will integrate Shelby’s live agent memory with an artificial intelligence workflow that brings agentic AI capabilities to the NEAR ecosystem.
Near’s integration with Aptos thus supports instant cross-chain transfers, while Shelby’s partnership enables a new decentralized hot storage network.
“This integration marks a major milestone for NEAR’s Chain Abstraction stack. Aptos – one of the largest global stablecoin user bases – is now able to tap into NEAR Intents, bringing seamless cross-chain liquidity,” NEAR Protocol wrote in a blog post.
As such, the NEAR, Aptos, and Shelby partnership eyes one-click cross-chain swaps via NEAR Intents and fast, decentralized data for agents via Shelby’s hot storage solution.
On the former, what it means is that NEAR and Aptos are allowing users across the industry to swap assets such as Bitcoin ( BTC ), Ethereum ( ETH ), XRP ( XRP ) and more than 20 other blockchains directly into APT and Tether ( USDT ) on Aptos.
Aptos developers can tap into this new environment via the 1-Click Swap API that allows builders to directly integrate NEAR Intents into projects.
Notably, the integration means users do not have to understand wallets, use bridges, or worry about specific network details.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump admin considers annual license for Samsung, SK Hynix to operate chip factories in China
Share link:In this post: The U.S. is considering annual “site licenses” for Samsung and SK Hynix to export chipmaking supplies to their Chinese factories. The new system would require yearly approvals with exact shipment quantities. South Korea welcomes the compromise, but officials have voiced concern over supply disruptions and added regulatory burdens.
Metaplanet adds 136 BTC to treasury in ongoing Bitcoin strategy
Share link:In this post: Metaplanet has bought an additional 136 BTC at an average price of roughly 111,666 per Bitcoin. The company’s latest acquisition also brings its total Bitcoin holdings to 20,136 BTC at an average price of approximately 15.1 million yen per BTC. Metaplanet plans to raise $880M to issue up to 555 million new shares directed towards BTC purchases.
OECD warns most crypto investors face high risks from low literacy
Share link:In this post: The OECD says most adults who know or own crypto show weak money and digital skills. Many investors do not understand that crypto is not legal tender or that losses are often permanent. The OECD urges governments to teach money skills and set stronger protections for small investors.
SOL Strategies secures Nasdaq listing under STKE
Trending news
MoreCrypto prices
More
