It’s fair to say that the Inter-Blockchain Communication (IBC) protocol is the most widely used, reliable, and universal interoperability protocol in the world to date. According to the Cosmos Chain registry, more than 100 zones have been connected via IBC. The IBC data dashboard demonstrates that the total value of IBC transfers between Jan 2022 and February 2023 reached $29B in value.

While it has taken a few years since its launch in 2021, the expansion of IBC to non-Cosmos SDK blockchains is accelerating, and it will become everywhere within a year because of the strong and huge community who work on making IBC standard.

In July, the first IBC connection between Cosmos appchains and Polkadot went live on the mainnet, largely thanks to the efforts of the Composable Finance team. The IBC adoption for Ethereum is also underway with multiple approaches: solutions using ZKP by Polymer Labs (zkMint), Electron Labs and Composable Finance, and solutions using TEE (Trusted Execution Environment) by TOKI. Additionally, Landslide is working on implementing a light client for Avalanche.

Needless to say, Informal Systems, Strangelove, Interchain Foundation and others have dedicatedly contributed to IBC’s core implementations, which are the foundation of the above initiatives.

Today, TOKI is excited to announce that IBC is finally landing on BSC (BNB Smart Chain). As many of you might know, according to DefiLlama, BSC is the third-largest blockchain network in the world by TVL. So, this represents a significant milestone for IBC. $BNB