AnyToAny Targets Sub-Three-Minute Cross-Chain Swaps Into Cardano DeFi

VIA Labs has presented the architecture behind AnyToAny, a planned liquidity router intended to simplify asset transfers between EVM networks and Cardano. Users would select a token on the source network and the Cardano asset they want to receive, while the required swaps and cross-chain transfer are executed in the background.

AnyToAny remains a Catalyst Fund 15 proposal with a Pending vote status. The underlying VIA Labs messaging infrastructure is already operating across Cardano and Midnight, but the complete liquidity-routing product has not launched on mainnet.

VIA Labs Tests the Ethereum-to-Cardano Transfer Layer

VIA Labs develops interoperability infrastructure that allows applications to transfer tokens, data, messages and executable instructions between blockchain networks. According to the company, VIA Network connects more than 150 networks and has processed over 20 million cross-chain messages.

Founder and CEO Robert Peilert and CTO Andre Verrie detailed the system during a Cardano Seminar hosted by the Cardano Foundation. VIA Labs has already enabled USDM transfers between Cardano and Midnight, while the seminar included a separate test transfer between Ethereum Sepolia and Cardano Preprod.

The demonstration used test USDR and completed in two minutes and 37 seconds. It verified the underlying messaging and execution flow under test conditions, but did not include the complete AnyToAny process of locating liquidity and executing swaps on both networks.

Eternl is currently the most extensively tested Cardano wallet for the VIA Labs interface. The team said it is adding support for Lace and other Cardano wallets.

Liquidity Vaults Would Reduce Transfer Delays

AnyToAny is designed as an aggregation layer built on VIA Network. A user could select an asset held on Ethereum, Base or another connected network and choose the Cardano token they want to receive. The system would then route the transaction through EVM liquidity, VIA’s cross-chain infrastructure and a Cardano DEX aggregator.

One route presented during the seminar begins by swapping the source asset into $USDC. The funds would move toward Cardano through existing stablecoin rails before a Cardano aggregator completes the final purchase.

VIA Labs said the existing route into $USDCx on Cardano takes approximately 15 to 25 minutes, while transfers in the opposite direction can require around nine hours. The longer withdrawal period reflects the number of confirmations used to protect the underlying bridge against blockchain reorganizations.

AnyToAny would attempt to reduce that delay through lock-and-release vaults holding limited liquidity on both sides. Funds could be released after VIA confirms the cross-chain message, while the slower underlying bridge completes the subsequent rebalancing.

Users would pay an additional fee for the faster route because the liquidity provider would assume the waiting time and reorganization risk. VIA Labs expects the service to begin with a maximum transfer of approximately $500, with limits increasing alongside available liquidity.

Mainnet messages would be validated by at least three VIA Labs validators. Integrated projects could also operate their own validation layer with the authority to reject messages addressed to their contracts. A message would fail without execution if the required layers do not reach the configured approval threshold.

Catalyst Proposal Seeks 200,000 ADA for Mainnet MVP

The official Catalyst proposal requests 200,000 ADA for five months of development. Planned outputs include a mainnet MVP, a publicly accessible universal frontend and integration contracts published on GitHub.

The proposal targets cross-chain swap completion in under three minutes, integration with at least one major Cardano DEX aggregator and one EVM aggregator, and support for at least five Cardano assets at launch. VIA Labs also lists more than $100,000 in routed volume during the first three months of the mainnet beta as a measure of success.

AnyToAny will not be entirely open source. Integration components are expected to use Apache 2.0 or MIT licenses, while routing, pathfinding and parts of the underlying infrastructure will remain under a proprietary VIA Labs commercial license.

The remaining work includes mainnet deployment, DEX integrations, funded stablecoin vaults and a pricing model for accelerated transfers. VIA Network currently provides direct cross-chain transport. AnyToAny would extend that infrastructure into a single execution flow covering the source swap, transfer to Cardano and final purchase of a Cardano asset.