Interchain Labs launches IBC Eureka to bridge Ethereum and Cosmos

Interchain Labs, a core development organization behind Cosmos (ATOM), has launched IBC Eureka, a new bridge connecting Ethereum to the Cosmos ecosystem, making Ethereum the first non-Cosmos chain to join IBC, according to The Block. The bridge reduces transfer costs to under $1 and plans to support Solana, Base and Arbitrum next. Early adopters include dYdX, MANTRA, Lombard and Babylon.