Jumper Exchange Integrates Etherlink, Bringing True Interoperability To Tezos’ Top L2 Network

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The multichain crypto swapping protocol Jumper Exchange is boosting its already-extreme interoperability, adding support for the Tezos Layer-2 network Etherlink. With the integration, crypto traders and DeFi users can now bridge assets between Etherlink and more than 50 blockchains and L2s, including Ethereum, Base and Arbitrum. 

With this move, Jumper Exchange can lay claim to being one of the most comprehensive interoperability protocols in the blockchain industry. Through its platform, users can swap hundreds of cryptocurrencies, taking advantage of a growing network of blockchain bridges and decentralized exchange platforms to find the most competitive rates. 

Jumper bills itself as crypto’s “everything exchange” and that description is not far from the truth. It’s compatible with more than 20 blockchains and can route assets from those networks through more than 30 DEXs and 15 bridge protocols. Among the former, it supports Uniswap, Paraswap and Pancakeswap, while for the latter, it integrates with Connect, Multichain, Stargate and others. 

To use Jumper, you just select the asset you have and the one you want to exchange it for, and then it will automatically find the best route based on your preference for transaction speed or cost. Before clicking confirm, the user gets a full run down of the associated costs, including gas fees, bridge fees and DEX costs, plus an estimate of the transaction time. 

Jumper is built on the LI.FI cross-chain asset transfer protocol, catering primarily to developers who want to integrate multichain capabilities into their dApps, but anyone can access its simple swap functionality. 

Etherlink is an important addition to Jumper, as the primary non-custodial L2 of the fast-growing Tezos blockchain, which is notably popular with NFT artists. Not only does it speed up Tezos transaction speeds, but it lowers costs too, while inheriting that blockchain’s robust security. Because Etherlink is EVM-compatible, it provides an easy way for developers to deploy Ethereum-native dApps within the Tezos ecosystem. 

Etherlink also makes a big deal about its decentralization. It’s backed by a number of high-profile (and therefore extremely reputable) validators, with the most recent addition being the French energy giant EDF Group’s Exaion.  

No doubt, that explains why Jumper Product Manager Ali Al-Ali says he’s so excited to bring Etherlink into the fold. “Etherlink’s combination of EVM compatibility and Tezos security makes it a natural fit for our platform,” he said. “Our users can now access this high-performance Layer 2 with the same transparent, zero-fee experience they expect from Jumper."

To begin with, users will be able to transfer assets between Etherlink and the Ethereum mainnet, Arbitrum and Base only. All they have to do is go to Jumper’s website and select Etherlink as the source or destination chain. Because the integration maintains Etherlink’s EVM compatibility, it will support existing Ethereum-based wallets and indexers. For existing Etherlink users, the advantage of using Jumper is that they can access additional blockchain networks besides just Ethereum and Tezos. 

David Relkin, Head of DeFi at Nomadic Labs, which develops Etherlink, said users have been asking for integrations with other blockchains. “It’s one thing to build fast, cheap infrastructure, but it’s another to make it accessible.” 

Etherlink has enjoyed tremendous traction since launching its mainnet last year, and is rapidly gaining ground on the rest of the L2 ecosystem. As of today, its total value locked has grown to more than $40 million, bolstered by major upgrades including Calypso and Dionysus. 

Earlier this year, it announced the launch of dedicated Etherlink domain names, and launched a $3 million rewards program called AppleFarm, providing additional incentives for users of its top three DeFi protocols – Superlend, Hanji and IguanaDEX. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.