PANews reported on April 10 that according to The Block, Interchain Labs has launched a new bridge product called IBC Eureka to connect Ethereum and Cosmos blockchain systems. IBC Eureka is based on the second version of the Inter-Blockchain Communication (IBC) protocol, and uses the ATOM of the Cosmos Hub to support IBC routing, thereby achieving fast and low-cost connections between Ethereum and Cosmos. Ethereum is now the first non-Cosmos network to join the IBC ecosystem. Eureka developers plan to add networks such as Solana, Base, and Arbitrum in the future. The system aims to reduce the cost of Ethereum to Cosmos transfers (including GAS fees and relay fees) to less than $1. The first batch of projects connected to IBC Eureka include decentralized exchange dYdX, Layer 1 blockchain MANTRA focusing on real-world assets, Bitcoin liquidity pledge protocol Lombard, and Bitcoin pledge protocol Babylon.