The Innovation Zone of MEXC will introduce Analog (ANLOG) for trading starting from February 10. The exchange platform started deposit services for ANLOG but the ANLOG/USDT trading pair will become available on February 10. Withdrawing coins from the exchange will be possible from February 11.
The ANLOG/USDT pair on KuCoin platform operated in pre-market status starting from January 24 following previous listings on KuCoin and Bitget. The cross-chain communication solution originates from the 2021 establishment of Analog by Victor Young and Sanchal Ranjan. The Analog platform functions as an interoperability solution by enabling safe inter-Layer 1 and Layer 2 network communications without external dependency.
Analog Advances In Blockchain Interoperability
The dev toolset Analog provides developers saves them from needing third-party oracle systems since Analog functions without external dependencies like its competitors LayerZero and Axelar. The framework reduces difficulties for developers to construct smart contracts while promoting chain-to-chain network connectivity.
The funding rounds successfully organized by Analog resulted in $21 million capital for its expansion. Recent funding in the project netted $5 million which elevated its valuation to $300 million. The project received investment from Foresight Ventures and Gate Ventures together with BackerDAO and Black Label Ventures.
The Analog protocol serves more than 50 existing and committed projects like Rarible and Pixelport as well as Dmail and StationX and Meson Network. The project works on developing Zenswap as a decentralized exchange through which users can switch tokens cross-chain across different blockchains containing Toncoin (TON), Solana (SOL), and Bitcoin (BTC).
As Analog continues to secure new funding along with increasing project partnerships in the cross-chain interoperability field it builds its status as a notable industry leader. The MEXC listing represents another expansion move by Analog within the cryptocurrency landscape as the upcoming Zenswap platform development will position the company more powerfully throughout the decentralized finance space.
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