The cross-chain bridge connecting Ethereum and BSC was developed in-house at Umbrella Network, underscoring the need to transfer tokens and other crypto assets between the two networks. The cross-chain bridge also allows users to stake and farm crypto tokens on both blockchains. Umbrella said it plans future cross-chain integration with Polygon, Solana, Cardano and Avalanche, although no timeline was given.

While the blockchain industry has spawned several oracle services, Umbrella claims that the protocol offers fast and affordable price feeds compared to leading competitors. Initially, the protocol will feature more than 1,200 data pairs on Ethereum, allowing users to integrate data from spot cryptocurrency, crypto derivatives and traditional financial markets.

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