Interchain Labs Launches IBC Eureka, Connecting Cosmos, Ethereum, and Bitcoin Ecosystems with Over $260 Billion in Market Cap
New York, NY, April 10th, 2025,
Projects joining the IBC Eureka network include Babylon, dYdX, MANTRA, and Lombard.
Today, Cosmos launches a new bridge product, IBC Eureka, that delivers fast and affordable 1-click connections between Ethereum and Cosmos chains. Networks and protocols using IBC Eureka include Babylon Genesis blockchain utilizing the Bitcoin staking protocol developed by Babylon Labs, Bitcoin LST and DeFi partners Lombard, Lorenzo, PumpBTC, SatLayer, and Tower DEX, ZK proving network ZkCloud, data services provider SEDA Protocol, DeFi provider Elys Network, and leading DeFi blockchain Injective. Other chains adding IBC Eureka to their interoperability suite include dYdX and MANTRA.
Eureka unlocks true multichain experiences across ecosystems. Today’s reliance on bridges causes liquidity and user fragmentation and introduces third-party intermediaries. IBC Eureka removes these barriers with seamless, secure, and expressive connectivity, enabling developers to build multichain applications that function across ecosystems, similar to how APIs are used in web2. Using the Cosmos Hub as a routing layer, chains that use Eureka unlock access to all users, liquidity, and services on the multichain over 1 IBC connection – creating a distribution zone upon which multichain applications can be built.
The team behind IBC Eureka is Interchain Labs, the development and growth arm of the Interchain Foundation and Cosmos ecosystem. In its first iteration, the solution provides fast, affordable, and secure transfers from Ethereum to all Cosmos chains. It does so by combining v2 of the Inter-Blockchain Communication Protocol for its light-client-backed interoperability, the Skip: Go application and API for bridge aggregation and intents, and the Cosmos Hub to provide the IBC routing, without the need for added connections.
Experiences enabled for the Cosmos and Ethereum communities at launch include:
- Babylon community will be able to move their Bitcoin liquid staking tokens (LSTs) from Ethereum to Babylon’s Cosmos chain with ease, opening up access to native DeFi for Bitcoin users.
- Tower DEX will enable users to bridge multiple tokens to be traded on its new Tower.fi DEX, which will launch on Babylon Genesis.
- Lombard, issuer of Bitcoin LST LBTC, will enable users to seamlessly transfer $LBTC between Ethereum and Babylon Genesis.
- SEDA, the oracle network, will enable users to transfer $SEDA assets from the SEDA Network to Ethereum with Eureka.
- MANTRA, a leading RWA platform, will soon leverage IBC Eureka to bridge institutional capital from Ethereum into Cosmos-based real estate markets, staking infrastructure, and permissioned DeFi applications.
- dYdX, the largest decentralised derivatives exchange by volume, is integrating IBC Eureka in an upcoming release to enable institutional Ethereum liquidity to flow seamlessly into its Cosmos-based trading platform.
IBC Eureka enables transfers from Ethereum for less than $1, including gas and relay fees, in seconds, and ERC-20s will be available for one-click transfers into Cosmos. Protocols that use IBC Eureka will also get day-1 distribution to over 50 wallets and frontends.
Ethereum is the first non-Cosmos chain to be added to IBC Eureka. Soon, Solana, Base, Arbitrum, and other chains will be added for seamless 1-click transfers. Furthermore, the team expects to incubate the first cohort of Eureka-specialized ecosystem products, starting with an Eureka-powered DeFi product on the Cosmos Hub.
Barry Plunkett, Co-CEO of Interchain Labs, said: “IBC Eureka represents a steep improvement in security and programmability for cross-chain communication. It will allow developers across Ethereum and Cosmos to build a new class of applications that unify and compose the liquidity and protocols historically fragmented across multiple chains. Our mission for 2025 is to continue to expand IBC Eureka, onboarding additional chains to create a truly unified Interchain economy.”
Fisher Yu, CTO of Babylon Labs, said: “The capability to bring Bitcoin Staking LSTs minted on Babylon Genesis into Cosmos over IBC Eureka marks a major step toward unlocking Bitcoin’s full DeFi potential. This integration enables seamless, secure, and efficient access to Cosmos DeFi for Bitcoin holders – and brings us closer to Bitcoin alignment across every chain and the broader ecosystem.”
To learn more about IBC Eureka, users can visit https://cosmos.network/ibc-eureka.
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Barry Plunkett and Fisher Yu are available for comment
About the Interchain Labs
Interchain Labs is the development and growth team for Cosmos, a decentralized network of independent, scalable, sustainable, and interoperable blockchains. Cosmos is one of the largest blockchain ecosystems, with more than 250 apps and services and over $41 billion USD market cap. Interchain Labs leads development for the Cosmos Hub, Cosmos ecosystem, and Interchain Stack – a software suite for building blockchains. Interchain Labs is striving to build a more free and fair internet with the Cosmos platform at the core. For further information, users can visit https://interchain.io/.
About Babylon Labs
Babylon Labs focuses on Bitcoin security-sharing protocols with a vision of building a Bitcoin-secured decentralized world. The latest software development is the world’s first trust less and self-custodial Bitcoin staking protocol, which enables Bitcoin holders to stake their BTC on other decentralized systems such as PoS chains, L2s, Data Availability (DA) layers, etc, enabling stakers to earn staking rewards without the need for third-party custody, bridge solutions, or wrapping services. The greater idea is to combine the high security and wide adoption of Bitcoin with the efficiency and scalability of PoS systems, increasing Bitcoin’s utility.
For more information about Babylon Labs, a developer of the Babylon Bitcoin staking protocol, users can visit: Website | Twitter | Discord | Linkedin
Forward-looking information:
Certain information set forth above is “forward-looking information”, representing Interchain Labs’ and Babylon’s current plans; however, future events could differ materially from those anticipated in such statements depending on business conditions and technological concerns.
