IBC stands for Interblockchain Communication Protocol, which have been widely used to allow direct communication and asset trading between independent blockchains.
The Cosmos ecosystem has a vision of creating the "internet of blockchains," or a network of independent chains that can communicate in a decentralized way. To reach this goal, the Inter‐Blockchain Communication protocol (IBC) was created.
As part of the CosmosSDK-based ecosystem, Oraichain integrates the IBC protocol to OraiDEX, our CosmWasm smart contract-based decentralized exchange with multi-chain interoperability, optimal speed and lots of liquidity options for users.