THELOGICALINDIAN - 23 canicule ago on September 16 crosschain bridges captivated about 779 billion absolute amount bound TVL and back again the TVL has added 89 back again to 1475 billion Currently the top bridges accommodate arrangement access like Polygon Bridges with 45 billion Fantom Anyswap Bridge with 41 billion and the Avalanche Bridge with 32 billion
Cross-Chain Bridge Technology Swells
Decentralized accounts (defi) and cross-chain arch technology accept connected to abound in amount this year. A cross-chain arch allows users to affix to addition blockchain, which in best cross-chain cases the added arrangement has been the Ethereum chain, and users can bandy assets aback and alternating amid anniversary blockchain.
Last month, Bitcoin.com News appear on an all-embracing abstraction that covers the countless of multi-chain bridges that abide today. At that time on September 16, metrics from Dune Analytics’ “Bridge Away (L1 Ethereum)” dashboard adumbrated that bridges captivated $7.79 billion absolute amount bound (TVL).
Since again statistics appearance the TVL has added by 89% to $14.75 billion in amount today. The “Bridge Away” dashboard shows bridges stemming from Harmony, Optics, Boba, Zksync, Near, Solana, Fantom, Polygon, Avalanche, Optimism, Arbitrum, Xdai, Celo, BSC, Moonriver, and RSK.
Polygon Holds Top Position, Loopring Transfers Are the Cheapest
During the aftermost 30 days, the annal abstinent 121,882 altered addresses associated with these altered bridges. At the time of writing, Polygon holds the better TVL capturing $4.5 billion and the Fantom Anyswap Bridge commands $4.1 billion.
Fantom’s arch is followed by Avalanche, Arbitrum, Optimism, Zksync, Solana, Harmony, Xdai, and Moonriver respectively. Both WETH and ETH accept the top atom in agreement of asset rankings while the stablecoin USDC runs in the third position.
USDC is followed by WBTC, USDT, MATIC, and DAI as far as asset rankings are concerned. Chainlink (LINK) holds the seventh position amid the top assets leveraged on cross-chain bridges. Data from l2fees.info indicates that the accepted amount to alteration ether via Loopring is $0.17 per transaction. Polygon Hermez is $0.25 per transfer, Zksync $0.26, Optimism $0.97, and Arbitrum One is $1.88 per transfer.
What do you anticipate about the cross-chain arch technology abscess in amount and the alteration fees angry to specific Layer 2 (L2) protocols? Let us apperceive what you anticipate about this accountable in the comments area below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Dune Analytics,
