Cross-chain bridge service Ren has appear that its development squad volition exist joining Alameda co-ordinate to a blog mail by CEO Taiyang Zhang.

Every bit role of the declaration, Zhang revealed that the focus of the move is on enabling Solana (SOL) support on RenVM — the project'southward cross-chain liquidity protocol launched back in May 2020.

According to the Zhang, development work on the integration is currently existence audited with total deployment expected to begin by the summertime.

Commenting on the upcoming Solana integration, the Ren protocol CEO remarked:

"The upcoming support for Solana, and integration into Serum, will aid bring fifty-fifty more book and users to RenVM, solidifying it every bit the highest usage interoperability network. RenVM will see new and diverse avails, new users, and increased fee acquirement for its node operators."

Zhang said that the partnership with Alameda will explore channels for achieving greater decentralization of its RenVM protocol. Indeed, both partners will piece of work on the testnet and mainnet implementations of Greycore.

For Zhang, the implication of such pursuits is geared towards improving cross-chain interoperability in the expanding decentralized finance arena. Ren's principal operating officeholder Michael Burgess told Cointelegraph:

"This collaboration volition certainly be a benefaction for interoperability within DeFi. Non simply will joining Alameda assist expedite RenVM's technological decentralization, just the Ren team volition accept all of Alameda's resource at their disposal."

According to the Ren COO, the platform has already processed over $2.4 billion in cross-chain book indicating the significant marketplace validation for decentralized finance interoperability. By partnering with Alameda, Burgess says the Ren team volition be able to take advantage of the inquiry house'due south expertise in areas like operational growth and community governance infrastructure, among others.

As previously reported past Cointelegraph, Solana'due south trading volume has seen a significant increase in recent weeks every bit traders seek alternatives to Ethereum. Back in January, the Solana Foundation announced a $v one thousand thousand development fund to boost its growth in Southeast Asia.