Multichain infrastructure network Biconomy has formally launched its Hyphen mainnet, setting the stage for instant low-cost token transfers across blockchains like Ethereum and Polygon.
With the launch of Hyphen, users can make near-instantaneous USD Coin (USDC) transfers between Ethereum and Polygon rather than waiting 30 minutes or hours, as is currently the case with transfers. Biconomy can facilitate speedy transfers by maintaining and rebalancing token liquidity on both sides of the chain, the company said Tuesday.