The dWallet network integrates native multi-chain DeFi with Monad

dWallet Network – Programmable Native Bitcoin Infrastructure – Announces Add Support for EVM-Compatible Layer 1 Blockchain, Monad

The latest integration, announced on April 30, is to strengthen Monad's position as a leading ecosystem for EVM builders, introducing native multi-chain capabilities using dWallet technology.

Multi-chain DeFi integration

According to an official press release shared with CryptoPotato, within the Monad ecosystem, dWallet Network plans to enable developers to use decentralized building blocks to create DeFi applications on multiple chains with zero friction and high decentralization.

This integration is expected to position Monad as a popular EVM platform for leveraging dWallet technology and provide developers with the agility and scale to innovate in DeFi.

Commenting on the initiative, Keone Hon, Monad Labs Co-Founder and CEO,

“This support from the dWallet network is a testament to our commitment to providing the best platform for EVM developers. Our unmatched speed and performance, combined with dWallet's innovative multi-chain capabilities, further cements Monad's position as the leading blockchain for DeFi development and greatly enhances the tools available to our developers. Developers in the DeFi space We're setting a new standard for what you can expect.

The interconnected DeFi landscape

The dWallet network uses 2PC-MPC to implement the dWallet feature. This multi-party protocol, developed by the team, allows for the creation of ECDSA signatures in a “non-shared” way. This essentially involves not just the end user but a large number of nodes, which may be in the hundreds or thousands.

dWallet said the integration represents a significant step toward achieving a fully interoperable and decentralized financial ecosystem, emphasizing that it will be easier for Monad ecosystem developers to integrate dWallet's native multi-chain capabilities into their applications. This move is expected to provide a user-friendly experience across various blockchain platforms without compromising overall security and user control.

Meanwhile, dWallet Network Co-Founder Omar Sadika emphasized the importance of this integration, saying the ultimate goal of the partnership is to facilitate a “connected” DeFi landscape.