Polychain-backed Enso Network activates mainnet, launches token on Ethereum and BNB

Enso Network, backed by Polychain Capital, launched on mainnet Tuesday.

The interoperability layer designed for decentralized finance, which aims to introduce "a singular access point for the evergrowing constellation of blockchains and protocols," also launched its ENSO token on Ethereum and BNB, according to a statement.

"Enso has positioned itself as the connective tissue binding together over a thousand blockchain frameworks, giving developers the ability to read from and write to any chain and smart contract via a single standardized interface," the statement also said.

The company hopes to help other firms avoid burning cash and time seeking to achieve cross-chain functionality. Enso also sees an opportunity to empower a web3 development community, which it says comprises just 23,000 developers — a fraction compared to the 47 million working in traditional software.

"We're watching brilliant teams spend their runway on integration gymnastics instead of building the neobanks, stablecoins, and AI applications that will define the next decade," Enso founder Connor Howe said in the statement.

The company said it has been trusted by over 145 projects and enabled over $17 billion to be settled onchain.

Other Enso backers include Multicoin Capital and Cyberfund.