Working across multiple chains has historically been a complex and challenging task, often requiring developers to navigate different protocols, APIs, and software development kits. Expand.network aims to address this issue by providing a secure solution that simplifies the process.
The world’s first API service offering read and write connectivity to major public blockchains and DeFi protocols
Expand.network, the world’s first API service offering read and write connectivity to major public blockchains and DeFi protocols, has been officially launched for public use.
The platform aims to streamline the work of blockchain developers and digital asset traders in a multi-chain environment, saving them time and resources. Previously, developers had to work across multiple protocol APIs and SDKs to interact with different chains or protocols, but Expand’s API infrastructure provides a convenient one-stop solution for these interactions. Importantly, users retain control over their private keys and do not have to trust third parties with their assets.
Expand supports a wide range of chains, including EVM-compatible chains like Ethereum, Binance Smart Chain, and Polygon, as well as non-EVM-compatible chains such as Solana, Tron, and Algorand.
In the upcoming Expand release, additional support will be added for chains such as Aptos, Sui, Lido, LayerZero, and StarkNet, as well as additional DeFi protocols. The platform aims to abstract much of the complexity involved in working across different chains, providing a secure solution for users.
The platform also supports various DeFi protocols, including decentralized exchanges, lend and borrow protocols, yield aggregators, and oracles. With its broad support for both chains and protocols, Expand aims to address inefficiencies in the evolving blockchain landscape, which is estimated to be worth billions of dollars.
Demetrios Skalkotos, the CEO and co-Founder of Expand, emphasized the core values of the platform, stating that Expand prioritizes user-friendly interfaces, robust security measures, and versatile functionality.
Skalkotos brings valuable expertise to the company, with a strong background in financial services and blockchain. He previously held positions as the SVP Global Head of Sales for Blockdaemon and served as the Global Head of Vault at Ledger.
Cumberland Labs’ Latest Launch
Expand is a product of Web3 incubator Cumberland Labs, which provided the initial build, funding, resources, and consulting to support the platform’s development.
The incubator sees significant potential for Expand to benefit blockchain developers, financial service providers, and trading firms by enabling them to optimize their work in a secure manner.
Cumberland Labs CEO Naveen Agnihotri expressed a strong belief in the tremendous potential of Expand.network for various stakeholders in the blockchain ecosystem.
According to Agnihotri, blockchain developers, financial service providers, and trading firms can greatly benefit from utilizing Expand as a means of optimizing their work in a safe and secure manner.
The platform offers a solution to the inefficiencies commonly faced when working across different chains in the crypto industry.
Cumberland Labs previously launched Hashnote, an institutional-grade investment management platform for DeFi. The launch of Expand aligns with the incubator’s goal of producing startups that offer innovative solutions to industry challenges.