Ledger Live has joined forces with decentralized finance protocol THORChain to introduce native cross-chain swaps on its platform. This exciting collaboration allows users to easily exchange assets across different blockchains directly through the Ledger Live app.
In an announcement on October 22, Ledger, the hardware wallet manufacturer, revealed that this new feature would enable users to swap assets like Bitcoin (BTC) for Ether (ETH) more conveniently. It is the first time Ledger has integrated a decentralized finance protocol to facilitate native swaps between blockchains on its Ledger Live app.
THORChain is a decentralized liquidity protocol that enables users to exchange assets across various blockchain ecosystems without the need for wrapped assets. In a subsequent blog post, Ledger explained that users of its Ledger Live app, which allows Ledger users to trade, exchange, and stake cryptocurrencies from their cold wallet device, can access the new feature by navigating to the “discover” page and opting in.
Speculation arose on October 18 when a pseudonymous crypto pundit suggested that THORChain might integrate with Binance’s Web3 wallet, a self-custody crypto wallet operated within the Binance platform. Although THORChain founder John-Paul Thorbjornsen, known as “JP THOR” on X, did not directly confirm the speculation, he responded by saying, “and that is just the start.”
This partnership with Ledger comes just one month after THORChain announced a significant integration with the decentralized finance network called the “Rujira Alliance.” The Rujira Alliance was formed when Kujira merged with several of its major ecosystem projects. Kujira merged with Fusion, Unstake, and Wink on September 10 to create the Rujira Alliance, which aims to build a new application layer for THORChain.
Thorbjornsen stated that this new app layer would not be a small project but rather a substantial DeFi platform that could potentially rival Solana in terms of utility and volume.