Milkomeda C1 chain
Overview
Milkomeda C1 is an EVM-compatible sidechain for the Cardano blockchain. It enables Ethereum-based decentralized applications to operate on Cardano by using wrapped ADA (wADA) as the native gas token. The chain facilitates cross-chain asset transfers via a bridge to Cardano's mainnet.
Within the DeFi Intel graph, Milkomeda C1 connects to 6 tracked entities, most strongly to USD Coin, Tether USD, Dai.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 6 of 6 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | USD Coin | 95% |
deployed_on | Tether USD | 95% |
deployed_on | Dai | 95% |
deployed_on | Binance USD | 95% |
deployed_on | Binance Peg BUSD | 95% |
deployed_on | Frax | 95% |
Frequently asked questions
What is Milkomeda C1?
Milkomeda C1 is an EVM-compatible sidechain for the Cardano blockchain that enables Ethereum-based decentralized applications to operate on Cardano using wrapped ADA (wADA) as the native gas token.
What chain does Milkomeda C1 run on?
Milkomeda C1 runs as a sidechain on the Cardano blockchain and facilitates cross-chain asset transfers via a bridge to Cardano's mainnet.
What stablecoins are deployed on Milkomeda C1?
Stablecoins deployed on Milkomeda C1 include Tether USD, USD Coin, Dai, Binance Peg BUSD, Frax, and Binance USD.