Author: AOX
Source: Content Guild Translation
Summary: Connecting AO with the multichain ecosystem, connecting users with opportunities.
At the end of February 2024, Arweave launched the hyper-parallel computing network AO. As an OG institution within the Arweave ecosystem, EverVision Labs quickly initiated the development of cross-chain infrastructure and launched the AOX Beta version in May. As the first cross-chain bridge connecting AO with the multichain world, AOX's mission is to seamlessly bring more assets into the AO ecosystem. Despite AO still being in the testnet phase, AOX's cross-chain operations experienced rapid growth over the past year, with expanded application scenarios for the wrapped assets it created: wAR and wUSDC.
On April 22, 2024, we released the AOX development plan. Shortly after, on April 29, we announced our technology choice, adopting MPC (Secure Multi-Party Computation) as the core technical solution for the cross-chain bridge.
In May, we launched the AOX Beta version, enabling AR to cross from the Arweave Mainnet to the AO network, where it was wrapped as wAR. At this stage, AOX had only one signing node, and cross-chain transfers were limited to 5 AR per address per day.
In July, we officially launched the AOX production version, expanding MPC signing verification nodes to four and removing the daily transfer limit per address, allowing unlimited cross-chain transfers.
The rapid development of AOX was made possible by our technological expertise accumulated through everPay. As a cross-chain asset custody center, everPay has been operating stably for four years, securely managing over $7,000,000 in assets.
In August 2024, as the AO network began supporting 0x addresses, AOX also became compatible with 0x addresses. Users could use wallets like MetaMask and OKX Web3Wallet to connect to AOX and bridge USDC from Ethereum to the AO network, where it was wrapped as wUSDC.
In September 2024, AOX launched its web wallet module. This allowed users to not only perform cross-chain operations on AOX, but also use AOX as a web wallet to view assets and transaction history on the AO network and send or receive assets. To facilitate asset payments and receipts on the AO network, we introduced a QR code payment module, enabling users to scan codes to input recipient addresses and complete transactions.
In October 2024, AOX introduced a centralized exchange (CEX) deposit feature that allowed users to directly deposit USDC from centralized exchanges to the AO network without first transferring funds to a Web3 wallet. This was further expanded in December to allow depositing USDC via the BSC or Base networks, avoiding Ethereum's high gas fees.
By the end of October 2024, we updated the AOX homepage to include guided workflows, enabling users to complete cross-chain transactions with ease.
In December 2024, we upgraded AOX's transaction history center to AOXScan, allowing users to query not only their own cross-chain history but also the cross-chain records across the entire network.
Throughout 2024, AOX's product development revolved around one core goal: to lower, lower, and further lower the barriers to bringing assets into the AO ecosystem!