Celer Network has announced a strategic partnership with CoinMarketCap (CMC), a leading cryptocurrency data platform. This collaboration aims to enhance cross-chain liquidity for CoinMarketCap’s CMC20 Index DTF token, a digital index fund providing exposure to the top 20 cryptocurrencies through a single transaction. The partnership was announced here.

At the core of this partnership, Celer is providing essential bridging infrastructure to facilitate liquidity pathways for key assets within the CMC20 portfolio. Celer’s decentralized cross-chain bridging solution now supports the seamless transfer of three integral tokens: HYPE, TONCOIN, and MNT. These capabilities are crucial for the accessibility and liquidity of the CMC20 token across multiple blockchain ecosystems.

Expanding Token Access for CMC20 Through BNB Chain Integration

As part of the collaboration, Celer is enabling the transfer of tokens such as HYPE, MNT, and TONCOIN to the BNB Chain. This integration leverages Celer’s cross-chain technology, which supports over 200 tokens across more than 50 blockchains. The cBridge platform, featuring the State Guardian Network (SGN), ensures secure and efficient transactions, supporting frequent and large-volume transfers.

HYPE, known for its zero-gas fee model, MNT, the governance token for Mantle Network, and TONCOIN, the utility token for the TON ($1.80) blockchain, are among the assets included in the CMC20 index. This integration enhances the accessibility and liquidity of these tokens, contributing to the practicality of the CMC20 token.

CoinMarketCap’s Revolutionary CMC20 Index DTF Token

The partnership coincides with CoinMarketCap’s launch of the CMC20 token, a financial product that mimics traditional index funds. The CMC20 offers investors exposure to a diversified basket of the top 20 cryptocurrencies, simplifying the investment process by reducing transaction costs and serving as a benchmark for retail users.

The inclusion of HYPE, MNT, and TONCOIN in the CMC20 portfolio, supported by Celer’s cross-chain bridging, enhances the token’s accessibility and penetration. The CMC20 token represents a significant advancement in cryptocurrency investing, providing a simplified way for both retail and institutional investors to gain diversified exposure to high-potential digital assets.

Why This Matters: Impact, Industry Trends & Expert Insights

The partnership between Celer Network and CoinMarketCap aims to enhance cross-chain liquidity for the CMC20 Index DTF, facilitating seamless token transfers across multiple blockchains.

Recent industry reports indicate that cross-chain liquidity solutions are evolving rapidly, with innovations such as unified liquidity pools and advanced bridge protocols enhancing multi-chain flexibility. This aligns with Celer’s efforts to support the CMC20 Index DTF by providing crucial cross-chain bridging infrastructure, thereby improving liquidity and accessibility across blockchains.

As per insights from a Token Metrics report, the maturation of cross-chain liquidity and advanced protocols are key drivers for cryptocurrency indexes. This supports the significance of the Celer and CoinMarketCap partnership in enhancing the CMC20 Index’s functionality and market reach.

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