Interoperability is important in blockchain networks because it allows different blockchains to communicate, share data, and transfer assets seamlessly. Without it, each blockchain operates in isolation, creating fragmented ecosystems where users and developers are limited to the features of a single network. Interoperability solves this problem by building bridges between chains, enabling greater collaboration and efficiency across the blockchain space.

One of the key benefits is improved usability. For example, a user might want to move assets from Ethereum to another chain with lower fees. With interoperability, this transfer can happen directly, without relying on centralised exchanges. This helps reduce costs, increases convenience, and supports the decentralisation principle of blockchain.

For developers, interoperability expands possibilities by allowing decentralised applications (dApps) to operate across multiple networks. This means dApps are not locked into one chain’s capabilities but can draw strengths from several blockchains. In decentralised finance (DeFi), interoperability is especially valuable because it enables liquidity sharing and cross-chain lending or borrowing.

It also supports scalability and innovation. By linking multiple blockchains, workloads can be distributed more effectively, preventing bottlenecks and improving network performance. Additionally, enterprises can integrate private and public blockchains smoothly, opening opportunities in supply chains, healthcare, and finance.

In short, interoperability makes blockchain ecosystems more connected, efficient, and future-ready. It is a cornerstone for the growth of Web3.