Hassan Maishera
01 Exchange, a decentralized derivatives exchange, announced in a blog post yesterday that it has launched Terra cross-chain deposits. This service is powered by Wormhole, an interoperability protocol powering the transfer of value and information across 7 high-value chains. 01 Exchange traders can freely use their Terra Station wallet to fund their 01 margin accounts (on the Solana blockchain).
A cross-chain is the capacity of two relatively independent blockchains to communicate with one another.
LUNA, the native token of the Terra ecosystem, is up by more than 15% in the last 24 hours and is trading at $57.20 at press time.
