Coinbase’s Ethereum layer 2 network Base launched an open-source bridge to Solana, enabling direct asset transfers between the two chains.

“To build a global economy, we need to make it interoperable and connected; and being a bridge, not an island, has been a core value of Base since day one,” said the Base team in a blog post. 

This story is an excerpt from the Unchained Daily newsletter.

Users will be able to move assets across Base and Solana, deposit SOL in Base apps and import and export assets across both chains. 

Chainlink’s Cross-Chain Interoperability Protocol (CCIP) verifies transactions securely, lowering risks like lost funds from mismatched networks.

Base is the second largest Ethereum-based layer 2 network with $12.98 billion in total value secured, according to L2 Beat.